D&L Industries Inc. has emerged as one of the honored companies in ASEAN by New York-based Institutional Investor in its 2019 All-Asia Executive Team survey.
A producer of ingredients and other inputs for food and plastic products, D&L was ranked among the top in a list of over 1,600 Asian companies nominated for outstanding corporate leadership and investor relations.
This year’s survey results reflect the opinions of nearly 2,500 investment professionals from 892 financial services firms. They includes buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover Asia.
The nominated companies were ranked based on various aspects of corporate leadership and investor relations, which include having accessible senior executives, providing timely and appropriate financial disclosure, having a well-informed and empowered IR team, responding quickly and thoroughly to investor requests, providing a transparent corporate governance and ESG/SRI reporting, and having the ability to execute key corporate strategies.
D&L Industries president and chief executive Alvin Lao was named the Best CEO in the Philippines and was ranked second in ASEAN.
The company’s investor relations program was also recognized as the best in the country, while D&L investor relations officer Crissa Bondad placed third in the “Best Investor Relations Professional in the Philippines” category. D&L’s ESG and Corporate governance initiatives were cited by the survey, placing the company as number 2 in the Philippines.
The awards earned D&L Industries a spot in the list of ASEAN’s Honored Companies, a ranking which only included six companies in the region. D&L was the only Philippine company to make it to the list and placed at rank number 4.
“This is a wonderful achievement for the entire team which would not have been possible without the support of D&L’s management and the hard work of all our employees,” Lao said.
“We greatly appreciate this hard-earned recognition and are grateful to the investing community for their continuous support. We look forward to continuing an IR program that is engaging, informative and transparent for our minority shareholders, for whom we have the utmost respect,” he added.