STI Holdings releases first sustainability report

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    STI Holdings has released its firstever sustainability report alongside its annual report for its fiscal year ending March 31, 2020.

    In the sustainability report, the company’s subsidiary schools detailed their respective initiatives towards the attainment of the United Nations’ Sustainable Development Goals.

    Among the initiatives are the strengthening of school policies that will safeguard the health and wellbeing of students and employees and ensuring access to quality education through continuous program reviews as well as financial assistance programs and scholarships.

    A key to achieving these goals is STI Holdings’ response to the challenges posed by the COVID-19 pandemic.

    “The group has been quick to beef up its already outstanding learning management systems and forge partnerships with key telecommunications players to provide the students with Internet connectivity assistance,” STI Holdings chairman Eusebio Tanco and president and chief executive officer Monico Jacob jointly said in the sustainability report.

    “The group also worked with government institutions to be able to extend financial assistance options such as zero-interest student loans and 20 percent scholarship grants,” STI Holdings said.

    STI Holdings reported that its total assets were valued at P15.2 billion for fiscal year 2019-20. Based on the company’s annual report submitted  to the Philippine Stock Exchange,the assets’ value increased by P384.3 million from the P14.8 billion it posted at the end of its previous fiscal year.