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Manila Bulletin devider Environment and Sustainability devider Ayala Land pushes sustainability goals with net zero emission target

Ayala Land pushes sustainability goals with net zero emission target

Published Nov 20, 2024 07:43 am

Ayala Land reaffirmed its commitment to sustainability by aiming for net zero emissions said on Wednesday, November 20, during the Manila Bulletin Sustainability Forum 2024.

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Ayala Land Corporate Sustainability Head Anna Gonzales (Photo from Hannah Nicol)

Corporate Sustainability Head Anna Gonzales, along with Brand Experience, Corporate Sustainability, and Brand Strategy for Residential, Estates, and Corporate Group head Hanz Lopez-Vito, shared insights into the company’s sustainability journey.

They discussed Ayala Land’s initiatives from 2007 to the present, emphasizing their long-term dedication to environmentally responsible practices.

The forum took place at the Institute of Biology Auditorium, University of the Philippines - Diliman, Quezon City.

The company is integrating renewable energy, forming innovative partnerships, and leveraging sustainable financing to reduce its environmental impact.

By 2021, 95 percent of Ayala Land's commercial properties will be powered by renewable energy, cutting scope 1 and 2 emissions. 

Partnerships with suppliers like Steel Asia have also enabled the use of low-emission and recycled materials in construction.

A milestone achievement was the issuance of P28 billion in sustainability-linked bonds, reflecting investor confidence in the company’s green initiatives.

Since adopting global sustainability standards in 2007, Ayala Land has implemented innovative solutions, including recycled plastics in construction and managing 780 hectares of carbon forests.

The company aims to keep emissions at 2021 levels despite expansion, aligning with global efforts to limit warming to 1.5 degrees Celsius. 

“This journey requires constant innovation and collaboration,” Gonzales said.

“We are committed to building sustainable communities for future generations,” she added. 

Ayala Land’s initiatives set a benchmark for sustainability in Philippine real estate while driving economic growth.

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