PLDT Inc. has been granted a green loan worth P4-billion by the Metropolitan Bank & Trust Co. (Metrobank) to be used for the telco’s fiber footprint expansion projects nationwide.
PLDT Chief Financial Officer and Chief Risk Management Officer Danny Yu said the loan is aligned with the company’s sustainable finance initiatives, particularly in optimizing its fiber network, which is said to be more energy efficient than traditional infrastructure.
PLDT Group’s decarbonization roadmap seeks to reduce Scope 1 and Scope 2 greenhouse gas emissions by 40 percent by 2030.
“We are encouraged by the financial community’s support of the Bangko Sentral ng Pilipinas’ advocacy for sustainable financing as we continue to explore various ways to green our operations. Our partnership with Metrobank reinforces our commitment to broaden our sustainable financing portfolio,” said Yu.
This is PLDT’s second round of green loan approvals, following the P1 billion secured from HSBC Philippines last March. However, the Metrobank loan is its first green loan from a local financial institution.
“Securing another Green Loan facility for PLDT showcases our commitment to integrate sustainability in every facet of our operations, and underscores our holistic approach to environmental stewardship and responsible business practices. Together with the
financial community’s support, we can drive more meaningful change and collectively build a sustainable future for future generations,“ added Chief Sustainability Officer Melissa Vergel de Dios.
PLDT has more than 1.1 million cable kilometers of fiber infrastructure, supporting its offerings of fiber fixed broadband, mobile data services, and carrier-grade WiFi.