SNAP’s team members with SNAP Group President and Chief Executive Officer Joseph Yu (center) and Aboitiz Group’s Chief Sustainability and Reputation Officer Ginggay Hontiveros-Malvar (third from the right).

SN Aboitiz Power Group (SNAP), a joint venture between Scatec of Norway and AboitizPower, celebrated two wins at the Nordic Sustainability Awards held on May 24, 2023 in Makati. SNAP was recognized as the runners-up for CSR Business Partner of the Year and Sustainability Business Partner of the Year by the Nordic Chamber of Commerce in the Philippines (NordCham).

“This recognition comes at a key point in our sustainability journey,” SNAP President and CEO Joseph Yu said. “As a renewable energy company, we’ve always championed sustainability; it’s at the heart of what we do as a company. This recognition encourages us to continue along the path to sustainability – because we know that despite the challenges, this kind of work is critical, not only in energy but across all industries.”

SNAP Group was also a finalist for Sustainability Business Partner of the Year at last year’s Nordic Sustainability Awards. This year’s event also featured a panel discussion with sustainability leaders, including the Aboitiz Group’s Chief Sustainability and Reputation Officer, Ginggay Hontiveros-Malvar, where she talked about the Group’s ambition to become the Philippines’ first Techglomerate by utilizing innovation and technology to deepen its sustainability commitments. #

About SNAP Group:

Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in emerging markets. As a long-term player, they develop, build, own and operate renewable energy plants, with 4.6 GW in operation and under construction across four continents today. They are committed to growing their renewable energy capacity, delivered by their 800 passionate employees and partners who are driven by a common vision of ‘Improving our Future’. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’.

AP is the holding company of the Philippines-based Aboitiz Group’s investments in power generation, distribution, and retail electricity services. It advances business and communities by providing reliable and ample power supply at a reasonable and competitive price, and with the least adverse effects on the environment and host communities.

SNAP owns and operates the 105-MW Ambuklao and 140-MW Binga hydroelectric power plants in Benguet; the Magat hydroelectric power plant which has a nameplate capacity of 360 MW and maximum capacity of 388 MW on the border of Isabela and Ifugao; and the 8.5-MW Maris hydro in Isabela. The non-power components such as dams, reservoirs, and spillways are owned, managed, and operated by the government.

Date of release: June 2, 2023

For further queries on this Press Release, please contact:

Maria Kristina Vargas Sr. Manager, Corporate Communication, PR, & Branding M: 09178986114 E: [email protected]

Katherine Mariano Sr. Specialist, Corporate Communication, PR, & Branding M: 09498897132 E: [email protected]