PEZA partners with Japan's Zeroboard to push decarbonization in ecozones
The Philippine Economic Zone Authority (PEZA) is teaming up with Japan-based sustainability solutions provider Zeroboard Inc. to promote decarbonization in its economic zones.
In a social media post, PEZA said it has entered into a memorandum of understanding (MOU) with Zeroboard.
The agreement aims to advance sustainable industrial development and global competitiveness by providing PEZA-registered export-oriented enterprises the capacity to measure, visualize, and reduce their greenhouse gas (GHG) emissions.
Using Zeroboard’s cloud-based platform, participating companies will be able to manage their emissions data.
This would be aligned with international standards set by the Carbon Disclosure Project (CDP), Science Based Targets initiative (SBTi), and International Sustainability Standards Board (ISSB).
"This move further affirms our commitment to sustainability and climate action,” said PEZA Director General Tereso Panga.
“We shall continue to strengthen our sustainability initiatives and intensify our efforts to transform our ecozones into smart and green mixed-use developments where both workers and investors can live, learn, and play,” he added.
Under the MOU, key areas of collaboration include tracking GHG emissions and the development of green transformation (GX) training programs.
It also covers the creation of a green special economic zone certification system, as well as the selection of model ecozones for pilot decarbonization projects.
Panga said the agreement with Zeroboard will provide a strong foundation for the country’s broader decarbonization strategy.
Currently used by over 13,000 companies globally, Zeroboard’s platform is looking to bring its technological edge to support green transformation within PEZA.
He explained that building an ecosystem of GX solution partners would accelerate the Philippines’ transition toward net-zero emissions.
PEZA is eyeing a reduction in its GHG emissions by as much as 75 percent in 2030, as indicated under the Philippines’ nationally determined contribution (NDC) target to the United Nations (UN).
The agency is hopeful that its ongoing decarbonization strategy will boost the country’s competitiveness as an attractive investment destination.