Ayala Land selected as Dow Jones Sustainability Index component
November 23, 2020 – Ayala Land Inc. (ALI) was again selected as an index component of the Dow Jones Sustainability Indices (DJSI) for its outstanding corporate sustainability performance. ALI is the only real estate company from the Philippines that made it to the index, ranking it among the most sustainable companies in the world based on rigorous global environmental, social and governance (ESG) analytics and criteria.
Launched in 1999, the DJSI including the Dow Jones Sustainability World Index (DJSI World) were among the very first set of global indices to track the largest and leading sustainability-driven publicly listed companies. The index is managed by S&P Global for the information of a growing number of sustainability and ESG investors worldwide. Leading publicly-listed companies in 61 countries are scored in economic, social, environmental and governance categories that indicate their performance beyond the financial bottom line.
“We congratulate Ayala Land for being included in the DJSI. A DJSI distinction is a reflection of being a sustainability leader in the industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets the company apart and rewards its continued commitment to people and planet,” said Manjit Jus, Global Head of ESG Research and Data at S&P Global.
ALI has also been the only Philippine company included in the index from 2014 to 2019, and was featured in the Sustainability Yearbook in 2017. Established in 2004 by RobecoSAM and now issued by S&P Global, the Sustainability Yearbook is the world’s most comprehensive publication on corporate sustainability.
Ayala Land has consistently advocated sustainability and environmental conservation in all of its estates and developments through its four focus areas of site resilience, pedestrian mobility and transit connectivity, resource-efficiency, and local economic development. It took its sustainability goals a step further in 2017 by embarking on a significant carbon emissions reduction program in its commercial properties – becoming the first Philippine company to target carbon neutrality by 2022.
The company has already dedicated more than 500 hectares of land around its major commercial estates outside Metro Manila as carbon forests. These forests are carbon sinks that absorb more carbon dioxide (CO2) than they release.
ALI’s carbon forests consist of five sites spread out around the country. Forest sites in Lio and Sicogon are integrated into the estates’ masterplans as part of the developments’ nature trail areas. The Alaminos site lies north of BellaVita subdivision, while the Kan-irag and Talomo sites are located in the cities of Cebu and Davao.
Aside from forest regeneration, ALI is employing a combination of strategies to achieve carbon neutrality including the implementation of passive cooling design, energy efficiency measures and clean energy sourcing for its developments through power purchase agreements (PPAs).
ALI has also advanced waste management efforts in its commercial properties. Its pilot Eco Hub facility in Arca South Taguig aims to collect and reuse discarded plastic materials and transform them into valuable resources for construction in ALI’s developments.
The company has remained committed to producing comprehensive sustainability reports for several years now. These reports track ESG metrics such as greenhouse gas (GHG) emissions throughout the various stages of the project development process, and benchmark the company’s sustainability and ESG indicators with global standards.
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