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October 2024 – Filinvest REIT Corp. (FILRT), the first sustainability-themed real estate investment trust in the Philippines, has once again been awarded 1-Golden Arrow at the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards. This recognition underscores FILRT’s steadfast dedication to upholding the highest standards of corporate governance, transparency, and ethical conduct in its operations.  

The ASEAN Corporate Governance Scorecard (ACGS) is a comprehensive tool for evaluating the governance practices of publicly listed companies in the ASEAN region. It assesses how well companies uphold shareholder rights, manage stakeholder relationships, and ensure transparency through timely disclosure of material information. The scorecard also evaluates the effectiveness of the board of directors in guiding the company, overseeing management, and maintaining accountability. By focusing on these key areas, the ACGS aims to raise corporate governance standards. 

FILRT, which was listed on the Philippine Stock Exchange in August 2021, has been committed to the principles and best practices of good corporate governance from the onset. Being awarded 1-Golden Arrow for two consecutive years represents both an achievement and a commitment to uphold these standards.   

Maricel Brion-Lirio, President and CEO of Filinvest REIT, stated, “We take pride in our dedication to transparency and upholding the interests of our stakeholders. Receiving this recognition for the second consecutive year in our three years as a listed company reaffirms our commitment to good corporate governance and motivates us to continuously improve our corporate governance practices towards long-term sustainability.” 

As a leading real estate investment trust (REIT) in the Philippines, FILRT incorporates governance principles throughout its operations, strengthening its reputation as a reliable partner for investors, tenants, and the broader community. FILRT’s focus on its governance framework enables quick adaptability to market changes and stakeholder needs, while actively engaging with investors, customers, and community partners to foster a shared vision of sustainable and responsible business. 

For more information about FILRT and its initiatives, visit www.filinvestreit.com or reach out at info@filinvestreit.com