Bagging the most number of awards in the Gawad Iwas-Lunas: Risk Management Excellence Awards 2016 was Laguna Water. Held last December 8 at the Lakbayan Center of Manila Water in Balara, Quezon City, Laguna Water won two out of the three major categories; Best Risk Management Culture and Risk Advocate of the Year.
Receiving recognitions from the Head office for the first time, Laguna Water’s win in this year’s Gawad Iwas-Lunas were judged by three renowned risk management experts in the country, Chairman and President of Philippine Trust Company Dr. Jaime C. Laya; Singapore-based Regional Director of Jardine Lloyd Thompson Consulting Craig Paterson; and Ayala Corporation’s Chief Finance Officer Jose Teodoro Limcaoco.
Encouraging all the departments and groups to develop a risk culture, Manila Water gives recognition to those who have shown excellence in handling issues and concerns that may cause uncertainties in the business through the Gawad Iwas-Lunas: Risk Management Excellence Awards.
Best Risk Management Culture award is given to the department, group or subsidiary that has ensured continuous improvement in risk management capability which covers the whole risk management process. Meanwhile, Risk Advocate Award is given to an individual who has made the most significant contribution to risk management.
“Effective risk management plays a vital role in Laguna Water’s growth and development. With the proper management of risks, we are able to fulfill our mission of empowering the people, protecting the environment, and championing sustainable development,” said Finance and concurrent Regulatory & External Affairs Head Mark Mesina, winner of the Risk Advocate of the Year.
Mark, being the organization’s Chief Risk Officer, has been committed to enhance the risk culture of the company. Influential in maintaining Laguna Water’s consistent rating in risk management, he has helped develop and implement policies relating to treasury and business continuity.
Considering risk management as key contributor to its success, Manila Water (MWC) and its subsidiaries implement an Enterprise Risk Management program that helps the organization monitor and manage the strategic, regulatory, operational, and financial risks.
Risk Management is part of Laguna Water’s culture and transformational journey. Embedding this practice in all the initiatives of the company, Laguna Water provides trainings and workshops that give employees clear understanding of risk management and equip them to identify and manage the risks present in their respective units.
Laguna Water is a successful public-private partnership between the Provincial Government of Laguna and Manila Water Philippine Ventures, a wholly-owned company by Manila Water Company Inc. (Manila Water), the Ayala-led water service provider in the East Zone of Metro Manila and a leader in the water industry in the Philippines, with presence in Vietnam, Myanmar and Indonesia.
Laguna Water wins big at the Gawad Iwas-Lunas: Risk Management Excellence Awards 2016. Photo on left: Laguna Water General Manager Melvin John M. Tan accepts the Best Risk Management Culture Award 2016. Photo on right: Laguna Water Finance and concurrent Regulatory & External Affairs Head Mark Mesina receives the Risk Advocate of the Year award.