Primary: Real estate decarbonisation — green steel and SBTi target Ayala Land, the first publicly listed Philippine property developer with SBTi-validated net-zero targets, aims for 42% Scope 1+2 reduction and 29.4% Scope 3 reduction by 2030 (2021 baseline) and 90% reduction by 2050. In 2024, 24% of total rebar purchases came from SteelAsia's green steel (0.36 tCO2/ton vs 2.32 tCO2/ton conventional). A ₱250/tCO2e internal carbon fee applies to commercial properties not yet on renewable energy.
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Dependent: Sustainable finance — US$6.2bn since 2019 The Ayala Group has closed US$6.2 billion in sustainable financing since its first green bond in 2019 (ACEIC US$400M). 2024 facilities include a US$100M ADB blended finance deal for EVs (ACMobility), €50M ING social loan for AC Health, and ₱2.5B MUFG sustainability-linked loan. BPI issued ₱33.7B Sustainable, Environmental, and Equitable Development Bonds. The new Sustainable Investment Framework embeds GHG, resource efficiency, and social impact lenses into investment committee decisions.
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2021 GHG baseline restated from 12.37 to 9.86 MtCO2e Ayala updated its 2021 GHG emissions inventory baseline due to changes in its organizational boundary (divestment of Manila Water and GNPK coal plant) and improvements in data collection at IMI, AC Parent, and ACEN.
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Divestment of remaining stake in Manila Water Ayala surpassed its ₱50 billion value realization target with the divestment of its remaining stake in Manila Water, generating ₱14.5 billion.
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Ayala Land and Globe receive SBTi validation for net-zero targets Globe became the first publicly listed Philippine company and Ayala Land the first publicly listed property developer to have their net-zero targets validated by the Science Based Targets initiative.
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Completed 2021-2024 GHG accounting and validation Ayala completed its 2022, 2023, and 2024 GHG footprint accounting and validation in line with the GHG Protocol, including an updated 2021 baseline. Inventory follows operational control approach.
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Sustainable Investment Framework approved Ayala approved its Sustainable Investing Framework, requiring all opportunities elevated to the Investment Committee to factor in GHG emissions, resource efficiency, and potential impacts to investee company stakeholders.
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Human Rights Policy approved Ayala approved its Human Rights Policy, aligned with UN Guiding Principles on Business and Human Rights, committing to human rights impact assessments, stakeholder engagement, and grievance mechanisms.
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Increased stake in Mynt (GCash) to pentacorn valuation Ayala Corporation and Mitsubishi UFJ Group invested in Mynt at a US$5 billion valuation, making it the first and only pentacorn in the Philippines.
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New Corporate Secretary and Compliance Officer Maria Franchette M. Acosta appointed as Corporate Secretary, Data Protection Officer, Chief Legal Officer, and Group Head of Corporate Governance, succeeding Solomon M. Hermosura.
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