Ayala Land is reshaping the future of real estate by not only creating iconic spaces but also leading the charge for sustainability. As the first publicly listed developer in the Philippines with net-zero targets validated by the Science Based Targets Initiative (SBTi), Ayala Land is setting a new standard for going green—demonstrating that development and environmental responsibility can thrive together.
The company’s journey toward achieving net zero greenhouse gas (GHG) emissions by 2050 began in 2021. It started with a comprehensive assessment of its operations and supply chain, establishing a GHG inventory based on 2021 data. By the end of 2022, Ayala Land had developed a roadmap aligned with SBTi guidelines, setting ambitious targets for 2030 and 2050 with guidance from the South Pole Group, thus paving the way for a greener future.
Imagine playing with a toy car that uses a battery and emits pretend smoke—that’s akin to the direct energy Ayala Land uses (Scope 1). Now, think of the electricity that powers your home, which also produces pretend smoke—Ayala Land requires this energy as well (Scope 2). This "pretend smoke" symbolizes GHG emissions, and Ayala is working diligently to reduce them. By 2030, the company aims to cut these emissions by 42 percent and also reduce emissions from its supply chain (Scope 3) by nearly 30 percent. By 2050, the goal is to reduce them by 90 percent to help keep the air and planet clean.
These efforts align with global initiatives like the Paris Agreement and the UN-backed “Race to Zero” campaign, which aim to limit warming to 1.5°C. Ayala Land is committed to transforming its commercial properties into sustainable spaces by focusing on renewable energy through strategic power purchase agreements and high-quality Renewable Energy Certificates (RECs). By the end of 2023, 91 percent of its total gross leasable area was powered by renewable sources. The company also plans to further reduce emissions by transitioning to electric service vehicles, converting backup generators to fuel cells, and using eco-friendly refrigerants.
With 75 percent of its greenhouse gas emissions coming from its supply chain—primarily from materials like steel, cement, and PVC—Ayala Land is collaborating with partners to promote a shift toward renewable energy and a circular economy. This proactive approach is part of its Net Zero roadmap, aligning with global standards like the SBTi to ensure transparency and accountability in its sustainability efforts.