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“We need to find ways to satisfy the needs of the present generation without compromising the ability of future generations to meet their own needs in due time,” Nati said. Romolo Valentino Nati, executive chairman and CEO of IDC, believes sustainability will become more and more important for developers to pursue in the future.įor IDC, Nati said the concept of sustainability must start from the understanding that resources are not infinite.
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“While we remain very focused on AREIT’s key investment fundamentals namely: prime locations, stable occupancy of quality tenants, contracted escalations, professional management experience, as well as ALI’s sponsor track-record, we believe that working towards carbon neutrality and net zero emissions will advance AREIT towards becoming a truly green and sustainable REIT,” Mills said. AREIT also established a Board Sustainability Committee to provide oversight and strategic direction for its sustainability practices and ESG initiatives. Transparency, disclosures and compliance with REIT Rules are adhered to, including best practices on internal control and professional management to safeguard its assets. The company advocates good corporate governance that sustains value for all its stakeholders. The top locators from the business-process outsourcing (BPO) altogether have generated more than 100,000 Filipino jobs. These locators have contributed an estimated P6.2 billion to P9.8 billion in capital expenditures to the country’s economy.
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A growth catalystĪREIT’s office buildings are also economic growth drivers by attracting international and local business locators to its properties. Its measured electricity intensity for its buildings in 2020 has improved to 125.48 kWh/sq m, which is much lower than the Asean benchmark of 160 kWh/sq m. (IDC) Executive Chairman and CEO Romolo Valentino NatiĪREIT also reduced its carbon emissions continuously through significant shifts to renewable energy, and by allotting compensation for fuel consumption through ALI’s carbon forest stock.
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A lot of AREIT’s buildings are also Leadership in Energy and Environmental Design (LEED)-certified, such as the Teleperformance building in Cebu, One Evotech in Nuvali and Vertis Corporate Center in Quezon City. Further, the properties feature District Cooling Systems (DCS) which helps decrease electricity consumption by 20-35 percent compared to regular cooling systems. Environmental programs that make a differenceĪREIT’s properties have allocated open and green spaces to provide a healthy environment for the community, as well as a place for safety or refuge in the event of emergencies. Mills said the ESG strategies are implemented across all its managed properties based on the four sustainability focus areas of its sponsor, ALI: 1) site resiliency through responsible green masterplanning, 2) pedestrian mobility by enhancing transit connectivity and the commuter experience, 3) resource efficiency by minimizing energy waste and environmental footprint, and 4) local economic development through the economic value generated by its business and its locators. The company expects to reduce 80 percent of its 10,000 tCO2e (tonnes of carbon dioxide equivalent) business-as-usual emissions through the use of renewable energy, while the remaining 20 percent will be offset through AL’s carbon forests.
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AREIT’s Makati-based buildings, Solaris One, Ayala North Exchange and McKinley Exchange, and The 30th Corporate Center in Pasig, have converted from using coal to renewable-energy sources.