Citi has raised over for Asia Pacific clients from global and local capital markets year to date, to support their sustainable financing needs. This is an increase of over 500% versus the same period in 2020. In the Philippines, Citi has helped raise over US$1billion in green and sustainable bond financing for local clients over…
A resolute AboitizPower faces the challenge of sustainability head-on with a commitment to clean energy. “Our strategic directions are geared towards ensuring that sustainability remains at the core of AboitizPower,” AboitizPower president and CEO Emmanuel V. Rubio said. “We are committed to sustainable business operations, guided by our strong environmental, social, and governance standards and…
As climate change worsens, it can no longer be business as usual. The recent COP-26 (26th United Nations Climate Change Conference of the Parties) underscored the urgency of the situation and how efforts to slow global warming and climate change needed all hands on deck, the involvement of governments, businesses, civic groups, even individuals. Sustainability…
After its recent declaration of an ambitious commitment to plant 2.5 million bamboo clumps and a million trees in the Philippines in the next three years, Nestlé Philippines has once again embarked on another sustainability initiative that seeks to address the impact of climate crisis in the country, and is inviting young Filipinos to take…
Averting the disastrous effects of climate change and global warming would require all hands on deck. Chit Juan, founder of the pioneering sustainable ECHOstore; Vicky Abad, country manager of Ipsos Philippines, a global market research and consulting firm; and Manny Blas, vice president of the Estates Group of Ayala Land Inc. (ALI), agreed that these…
Renewable energy sourcing and the management of carbon forest are the two main methods Ayala Land Inc. (ALI) used to achieve its goal of carbon neutrality. Thanks to these efforts, the company is ready to forge ahead and set new and bolder targets to offset its carbon emissions in the years to come. For ALI,…
The 252-megawatt wind farm in Vietnam’s Quang Binh province, a joint venture between the Ayala group’s AC Energy Corp. (Acen) and AMI Renewables, has started commercial operations. This is the partners’ third project together, touted as one of the largest wind farms in Vietnam. It now paves the way for the two companies to pursue…
The COVID-19 pandemic is forcing many industries to change the way they think and do business. Amidst the uncertainties, companies are “going digital,” but many have found themselves overwhelmed by new technology and processes. One local agrienterprise, however, found the perfect formula to marry tradition with innovation: by looking to the past to secure the…
One of the country’s largest electricity producers—one that is heavily reliant on coal—surprised market watchers recently by announcing a strategic shift away from the cheap but environmentally damaging power source. At the same time, San Miguel Corp. (SMC) said it would be adding renewable energy to its power portfolio, using technologies that would significantly cut…
AC Energy is a fast-expanding corporation on a singular mission: to become the largest publicly listed renewables platform, not just in the Philippines but in the whole of Southeast Asia. It may seem a far too lofty goal, but not for the 10-yearold energy arm of the Ayala group of companies, which is well on…