Property developer Ayala Land Inc. (ALI) said Tuesday it signed an agreement with International Finance Corp. (IFC) that will enable
it to achieve EDGE Zero Carbon certification across a portfolio of 1.5 million square meters by 2025.
“For Ayala Land and AREIT, this highest level of EDGE is what we are aiming to secure in line with our goal to become the largest EDGE champion in the Philippines,” AREIT president and chief executive officer and Ayala Land Offices head Carol Mills said. An innovation of IFC, EDGE is a green building certification that has gained traction among property owners and developers aiming to reduce the operational costs and greenhouse gas emissions of their building portfolios without incurring significant additional costs.
ALI said the certification of the properties within the leasing portfolio signifies the group’s commitment to optimizing energy and water utilization while significantly reducing embodied carbon within construction materials.
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