Lockton Philippines launches the 1st Legacy Awards to mark 25 years
Action research initiatives on environmental challenges and solutions take centerstage in the competition
Lockton Philippines, one of the country’s leading insurance and risk management providers, is celebrating its 25th anniversary with the launch of the 1st Lockton Philippines Legacy Awards.
Established in 1994, Lockton Philippines has been developing and managing insurance programs for companies from a wide range of sectors such as power, energy, education, food, transportation, business process outsourcing (BPO), and infrastructure, among many others. The company is an affiliate of Lockton Companies Inc., the world’s largest privately held insurance brokerage firm with over 90 offices in different countries.
With its thrust of helping make businesses better, Lockton Philippines is turning its attention to an issue that has had an increasingly significant impact on industries and communities – environmental risk.
“Though it does not immediately come to mind when talking about business risks, the reality is that the environment poses some of the biggest threats to industries,” says Vic Valledor, President & CEO of Lockton Philippines. “Similarly, the way businesses operate has the same huge impact on the environment. Solutions that lessen their environmental impact will also help in effectively dealing with the risks that this brings.”
The Lockton Philippines Legacy Awards is designed to recognize action research initiatives that promote responsible and efficient use of resources and help bring positive change in the way people look at protecting the environment.
And who better to involve than the ones who will be most affected by what is accomplished in the present. According to Valledor, “We want to engage the next generation of minds, nurturing the ideas that can refine local business practices and promote better livelihood. It’s a wonderful way to celebrate our anniversary – giving college students a chance to represent their school and bring their big ideas to a national stage while helping protect the environment.”
The awards program requires participants to submit an evaluative, investigative, and analytical action research proposal that presents better practices for businesses to operate. It is open to teams of 3 to 5 Filipino college students, currently enrolled in a BS or BA program in any Philippine tertiary education institution. Each team is required to have one faculty adviser who is duly recognized by the school.
Nino Sauler, Lockton Philippines AVP and head of the awards program committee, says, “Knowing that conditions and environmental concerns, as well as corresponding solutions may vary in different areas, we’ve opened the competition to colleges and universities nationwide.” He continues, “We particularly want to reach schools in the provinces – those that haven’t had the opportunity to join competitions such as the Legacy Awards.”
To further encourage participation of more schools outside the big cities, the Lockton Philippines Legacy Awards is selecting winners from Luzon, Visayas, and Mindanao, aside from the over-all Grand Prize winner. Cash prizes up to Php300,000 are to be awarded to the student group, faculty advisor, and the school. Participating teams also have the opportunity to win special awards, which focus on indigenous communities and marine conservation.
Lockton Philippines Legacy Awards’ deadline of submission of entries is on September 2, 2019. All winning entries will be announced in October, with the possibility of collaborating with partner companies to have the winning proposals implemented.
“There are many powerful ideas out there that are waiting to be heard and recognized. The 1st Lockton Philippines Legacy Awards aims to encourage college students to share their thoughts and work on issues that matter for the environment now and especially in the future,” Valledor concludes.
