March 02, 2017

Ayala Land considers Green, Sustainability

Ayala Land Inc. announced its plan to reduce greenhouse gas emissions and aim for carbon neutrality by 2022. 
“As we execute and accomplish our plans, we firmly believe that our company’s success and growth cannot be measured solely in terms of profitability and market presence. We are mindful of our corporate sustainability targets and our efforts to set new goals, such as carbon neutrality, affirm our commitment to sustainable and inclusive growth,” ALI chairman Fernando Zobel de Ayala said.
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The company is planning various initiatives that include passive cooling design, energy efficiency, renewable energy sourcing, and carbon offset mechanisms such as forest regeneration and protection. 
Because of their efforts, ALI made it to The Sustainability Yearbook 2017, the most comprehensive publication on corporate sustainability produced by Swiss international investment company RobecoSAM. It is the only Philippine company included in the prestigious publication.
In fact, according to the Philippine Star, ALI has formed multidisciplinary teams within the company to implement targeted eco-efficiency approaches and enhance GHG accounting capacities.
ALI has begun using integrated natural cooling and energy saving measures into their project planning and design. Meanwhile, "emissions are continually reduced through retrofits, redevelopment and other interventions in operating properties," Philippine Star noted.
More from the daily newspaper:
The Philippines’ ranking in the Germanwatch Global Climate Risk Index 2017 has improved one notch among countries most vulnerable to climate change, but it is still ranked fifth based on the impact of extreme weather events over the past 20 years. GHG emissions from human activities have been linked to climate change indicators and the mitigation of such emissions has been a global undertaking since the 2016 Paris Agreement of the United Nations Framework Convention on Climate Change.