Ayala Land aims to be carbon neutral by 2022
Ayala Land, Inc. (ALI), the Philippines’ leading developer of sustainable estates, is embarking on an aggressive plan to reduce the greenhouse gas (GHG) emissions in its commercial properties and aims to be carbon neutral by 2022. The company plans to achieve this through a combination of initiatives, which include passive cooling design, energy efficiency, renewable energy sourcing, and carbon offset mechanisms such as forest regeneration and protection.
“As we execute and accomplish our plans, we firmly believe that our company’s success and growth cannot be measured solely in terms of profitability and market presence,” said ALI Chairman Fernando Zobel de Ayala. “We are mindful of our corporate sustainability targets and our efforts to set new goals, such as carbon neutrality, affirm our commitment to sustainable and inclusive growth.”
ALI is the only Philippine company included in The Sustainability Yearbook 2017, the most comprehensive publication on corporate sustainability produced by Swiss international investment company RobecoSAM.
Multidisciplinary teams have been formed within the company to implement targeted eco-efficiency approaches and enhance GHG accounting capacities. In order to substantially reduce controllable emissions, natural cooling and energy saving measures have long been integrated into the planning and design of ALI’s developments nationwide, while emissions are continually reduced through retrofits, redevelopment and other interventions in operating properties.
“For more than six years now, we have been tracking our greenhouse gas emissions and undertaking energy-efficiency improvements in our properties to reduce the company’s carbon footprint. We are taking this a step further through our carbon neutrality initiatives,” said ALI President and CEO Bernard Vincent Dy.
With ALI’s presence in 55 growth areas across the country and a total of 20 sustainable estates, its commitment to aim for net-zero carbon emissions by 2022 can contribute to the reduction of overall country emissions.
The Philippines’ ranking in the Germanwatch Global Climate Risk Index 2017 has improved one notch among countries most vulnerable to climate change, but it is still ranked fifth based on the impact of extreme weather events over the past 20 years. GHG emissions from human activities have been linked to climate change indicators and the mitigation of such emissions has been a global undertaking since the 2016 Paris Agreement of the United Nations Framework Convention on Climate Change.
“We believe Ayala Land is in a unique position to initiate this program given the growth, diversity and geographical reach of our businesses. We see this as a means to create long-term value for all our stakeholders and an opportunity to highlight the importance of building and operating sustainable developments in the country,” said Dy.
AYALA LAND, INC.
Ayala Land is the Philippines’ leading developer of sustainable estates, offering a diverse mix of properties such as residential, retail, office, hotels, and leisure developments, that support local economic growth and nation-building.
The company was established in 1988 as the real estate arm of Ayala Corporation, a pioneer conglomerate and builder of the country’s premier financial and commercial district, now known as Makati Central Business District and Ayala Center.
Today, Ayala Land has a total of 20 sustainable estates and is present in 55 growth areas nationwide. It has five residential brands, namely Ayala Land Premier, Alveo, Avida, Amaia, and BellaVita, which deliver quality homes to a broad segment of the housing market. Its commercial development and leasing portfolio is comprised of Ayala Malls, Ayala Land Offices, and Ayala Land Hotels and Resorts Corporation.