Clean water that provides a trickle-down effect

24 Apr 2014

Clean water that provides a trickle-down effect

Re: Jaime Zobel de Ayala (MBA 1987)

Topics: Environment-Wastes and Waste Processing Entrepreneurship-Social Entrepreneurship Government and Politics-Government Administration

As chairman and CEO of Ayala Corporation, Jaime Augusto Zobel de Ayala (AB 1981, MBA 1987) is enhancing the quality of life of more than six million people, approximately one-third of whom belong to the low-income sector in Manila, by making accessible a basic human necessity—clean water—and improving the city's wastewater service.

In 1997, the Philippine government enlisted Ayala Corporation to assume control of the water and sewer systems of Manila's east zone, where more than 60 percent of the water was either lost or being stolen. Today, Ayala's Manila Water Company is the biggest water and wastewater-service provider in the Philippines, and has invested over $1.5 billion in water and wastewater facilities since 1997. Jaime Augusto Zobel de Ayala, also vice chairman of Manila Water, sees private operation of a public utility as an opportunity not only for good business, but also for good deeds that help the disadvantaged.

"Corporate social responsibility has always been at the heart of Manila Water's business practices," says Zobel de Ayala. "There should never be a dissonance between genuine corporate social responsibility and business objectives."

(Published April 2014)

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Jaime Zobel de Ayala

MBA 1987

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