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Manila Bulletin devider Business devider The Stock Market devider Alternergy becomes first PSE-listed firm to receive SEC green equity label

Alternergy becomes first PSE-listed firm to receive SEC green equity label

Published Nov 3, 2025 02:52 pm
Renewable energy (RE) pioneer Alternergy Holdings Corp. has received approval from the Securities and Exchange Commission (SEC) for its Green Equity Label, becoming the first publicly listed company on the Philippine Stock Exchange (PSE) to earn the certification.
The SEC’s Green Equity Label, introduced under SEC Memorandum Circular (MC) No. 13, series of 2025, allows listed companies—or those preparing to list—to qualify if more than 50 percent of their revenues and over half of their capital (capex) and operating expenses (opex) come from or are directed toward green activities.
“We are delighted to be the recipient of the Philippine Green Equity Label from the SEC as a publicly listed company. Alternergy is a pure-play RE developer, dedicated exclusively to clean power generation, which directly aligns with the requirements of the SEC certification,” said Alternergy President Gerry P. Magbanua.
“We commend the SEC for its recent issuance of Green Equity Label guidelines that aim to usher in more sustainability investors and grow the capital market for green initiatives, which Alternergy could tap for our future equity financing needs,” he added.
Manny Ocampo, president of Investment & Capital Corp. of the Philippines (ICCP), which advised Alternergy on its 2023 initial public offering (IPO), said the RE firm “may well be the first listed Philippine company to obtain a Green Equity Label from the SEC.”
Magbanua explained that the certification validates the company’s strong commitment to sustainability, noting that Alternergy exceeded the SEC’s requirements.
Its compliance was verified through an independent report by SyCip Gorres Velayo & Co. (SGV), which applied the EY sustainability assurance methodology (SAM) in accordance with international assurance standards.
According to the report, 100 percent of Alternergy’s revenues are derived from RE sources, while more than 90 percent of its opex and capex are devoted to green activities—primarily in wind, solar, run-of-river hydro, and battery energy storage development.
The company also maintains a net-zero greenhouse gas (GHG) footprint through clean power generation and annual avoided emissions.
Alternergy’s earlier adoption of its green finance framework in 2024 for debt financing further aligns with the sustainable finance taxonomy guidelines (SFTG)—a key requirement for Green Equity Label.
“Securing the SEC’s Green Equity Label is more than a regulatory milestone—it is a testament to Alternergy’s unwavering commitment to climate action,” said Ina Arriola, Alternergy’s general counsel and chief sustainability officer.
“This recognition affirms that sustainability is not just embedded in our operations—it defines our purpose, our partnerships, and our path forward,” she added.
Alternergy is a pioneer in RE development with a diversified “triple play” portfolio, comprising projects in wind, run-of-river hydro, solar (including utility-scale, commercial rooftop, and floating solar), and battery energy storage.
In June 2022, the company made a public commitment to exclusively pursue RE projects—formally excluding fossil fuels and nuclear power from its portfolio.
Alternergy debuted on the PSE in March 2023 as the first initial public offering (IPO) of that year.
Four projects are currently under advanced construction for completion between late 2025 and early 2026—namely the 4.6-megawatt (MW) Dupinga run-of-river, 28-MW Balsik Solana solar, 64-MW Alabat wind, and 128-MW Tanay, Rizal wind projects—forming part of Alternergy’s “Road to 500 MW by 2026” target.
The company also has four additional projects that qualified under the Department of Energy’s (DOE) fourth green energy auction (GEA).
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