Year in and year out, the Philippines consistently sits in the top tier of countries most vulnerable to the impacts of climate change. Fully aware of this fact, Ayala Land, Inc. (ALI), the country’s leading developer of sustainable estates, has set an admirable goal for itself: By 2022, through an ambitious set of strategies to reduce its greenhouse gas emissions, the company will declare all its commercial properties carbon neutral.
ALI has laid out a number of initiatives to arrive at this target. These include energy efficiency measures and passive cooling designs for their infrastructure, renewable energy sourcing, and mechanisms to offset their carbon footprint such as forest regeneration and protection. It will also be taking their properties through regular retrofitting and redevelopment to ensure energy use efficiency.
Of course, these programs work in addition to the natural cooling and energy saving measures that have long been integrated into the planning and design of ALI’s numerous developments across the country.
“For more than six years now, we have been tracking our greenhouse gas emissions and under-taking 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.
At the core of this goal is ALI’s understanding that returns can no longer be a company’s sole driving motivator. “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,” says 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, affirming our commitment to sustainable and inclusive growth.”
“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,” says Dy.