Ayala Land aims to be carbon neutral by 2022
Published February 23, 2017, 11:04 AM

SOURCE:
http://news.mb.com.ph/2017/02/23/ayala-land-aims-to-be-carbon-neutral-by-2022/

Estates developer Ayala Land Inc. (ALI) is embarking on an aggressive plan to reduce the greenhouse gas (GHG) emissions in its commercial properties and aim for carbon neutrality 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.

“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.