A wholly-owned subsidiary of Ginebra San Miguel, Inc. has been fined P1.03 million by the Department of Environment and Natural Resources (DENR) for failing to meet environmental standards.
In a disclosure to the stock exchange Friday, the liquor firm said its subsidiary East Pacific Star Bottlers Phils, Inc. (EPSBPI) was fined by the Pollution Adjudication Board of DENR for violating Republic Act No. 9275 or the Philippine Clean Water Act of 2004.
“DENR-PAB issued an order dated September 13, 2019 in connection with case entitled ‘In the Matter of the Water Pollution Control and Abatement Case,’ docketed as DENR-PAB Case No. 02-F00184-17, which imposed a fine on EPSBPI for violation of RA 9275 and its implementing rules and regulations,” it said.
EPSBPI was found allegedly discharging liquid waste that do not meet the DENR Effluent Standards. But Ginebra said EPSBPI will be filing a motion for reconsideration for the case.
“EPSBPI has corrected such finding and will file a Motion for Reconsideration of the DENR-PAB Order, dated September 13, 2019, on or before October 23, 2019,” it said.
EPSBPI, which is in the business of manufacturing and bottling of alcoholic and non-alcoholic beverages, was bought by Ginebra in 2012.
Ginebra booked a net income of P980 million in the six months to June, higher by 94% from the same period last year. Its parent, diversified conglomerate San Miguel Corp., dropped 5% to a net income of P26.15 billion in the same six-month period. — Denise A. Valdez