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Ayala — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2025· 21 events

Multiple non-core divestituresData confidence — high

Strategic exits from Volkswagen and Maxus businesses, Honda Cars dealerships, KTM motorcycle manufacturing, AC Logistics' waste management and last-mile delivery units, AC Health's KonsultaMD telehealth platform, and IMI's complete exit from VIA Optronics.

sustainability_report p.4

Mitsubishi acquires 50% of AM 50 (formerly AC Ventures)Data confidence — high

Mitsubishi Corporation acquires 50% stake of Ayala Corporation's AC Ventures (renamed AM50), which holds the investment in Mynt. Ayala and Mitsubishi each acquired 6.6% effective stake in Mynt, alongside MUFG's 8% stake.

sustainability_report p.10

2021 baseline recalculated to 9.88 MtCO2eaffects scope 1 co2eData confidence — high

In 2025, Ayala updated its 2021 base year to 9.88M tCO2e to reflect: updates on emission factors, Ayala Land's divestment of AirSWIFT, IMI's divestment of its site in Czech Republic and VIA Optronics, improvements in ACEN and IMI's GHG accounting, and updates in Globe's reporting boundary.

sustainability_report p.42

ABC Impact 16% stake in AC HealthData confidence — high

Temasek-backed ABC Impact committed to infuse primary capital for a 16% stake in AC Health to fund expansion across its Provider business.

sustainability_report p.4

Net-zero GHG emissions by 2050 commitmentaffects net zero target yearData confidence — high

Ayala maintains its long-term ambition of achieving net-zero greenhouse gas (GHG) emissions by 2050. The company continues to make progress toward the development of its net-zero roadmap, with 2025 focused on strengthening the foundational capabilities necessary to support a transition pathway.

sustainability_report p.35

A.P. Moller Capital to acquire 40% of AC LogisticsData confidence — high

A.P. Moller Capital committed primary capital for a 40% stake in AC Logistics, subject to closing conditions. Philippine Competition Commission approved the 40% stake sale in November 2025.

sustainability_report p.10

ACEIC operational control change for diesel plantsaffects scope 1 co2eData confidence — high

As of 2025, the diesel power plants divested by ACEN are now under ACEIC's direct operational control, and their emissions are captured under ACEIC's Scope 1, Scope 2, and applicable Scope 3 categories.

sustainability_report p.86

Climate Risk Assessment initiated aligned with ISSBData confidence — high

Ayala has started its climate risk assessment and is progressing on its net-zero commitment in compliance with ISSB Standards. Completed first phase developing climate risk register covering full suite of climate-related risks.

sustainability_report p.4

Human Rights Policy Statement formalizedData confidence — high

Ayala formalized its Human Rights Policy Statement in 2025, aligning its approach with international frameworks, including the UN Guiding Principles on Business and Human Rights.

sustainability_report p.44

5 Million Trees by 2028 partnership with DENRData confidence — high

The Ayala Group and DENR signed a Memorandum of Understanding in July 2025 to support the Forests for Life: 5 Million Trees by 2028 initiative, committing to reforestation and biodiversity enhancement activities.

sustainability_report p.52

WELL v2 Platinum certification for ATG Tower TwoData confidence — high

Ayala Corporation's headquarters at Ayala Triangle Gardens Tower Two achieved WELL v2 Platinum Certification, the highest rating under the International WELL Building Institute's WELL Building Standard. First head office in the Philippines to receive this distinction.

sustainability_report p.51

ACEN reduced 2030 capacity target from 20GW to 15GWData confidence — high

ACEN has adjusted its 2030 capacity target from 20GW to 15GW, thus improving net cash and income generation and reducing the need for equity capital and borrowings.

sustainability_report p.13

Double materiality assessment conductedData confidence — high

Ayala conducted a European standard-inspired double materiality assessment to identify the most important sustainability-related risks and opportunities. Identified six strategic priorities and eight emerging issues.

sustainability_report p.4

76% renewable electricity, scaling toward zero-carbon electricityData confidence — high

Ayala increased renewable energy share in purchased electricity across the Ayala Group to 76%, up from 35% in 2021. Total RE share in energy consumption reached 60%. Seven Ayala companies (BPI, Globe, Ayala Land, ACMobility, AC Health, AC Logistics, iPeople) source renewable electricity through ACEN Renewable Energy Solutions (ACEN RES), which supplies 100% renewable energy backed by ACEN's own generation plants. Ayala Land has transitioned 104 commercial properties (98% of GLA) to renewable energy via the Green Energy Option Program (GEOP). ACEN achieved 100% RE generation across its 7 GW attributable renewable capacity portfolio in 2025.

sustainability_report p.40

Forest restoration via Forests for Life: 5 Million Trees by 2028Data confidence — high

Ayala partnered with DENR in July 2025 for the Forests for Life program, committing to plant and sustain at least 5 million trees by 2028 across priority watershed areas in Ilocos Norte, Bataan, Rizal, Leyte, Bukidnon, and Lanao del Norte. ACEN applies tree replacement at 1:50 or 1:100 ratio. Ayala Land integrates reforestation initiatives and carbon forest programs within its land bank. The company is also evaluating use of carbon credits and other market-based instruments to support its net-zero commitment, monitoring developments through WBCSD participation.

sustainability_report p.52

Primary: Renewable electricity sourcing for own operationsData confidence — high

Ayala companies (Ayala Land, Globe, BPI, IMI, AC Health, ACMobility) are increasing renewable electricity in operations through ACEN RES under GEOP. 30% improvement in GHG intensity and 58% reduction in Scope 1 and Scope 2 emissions compared to 2021 baseline. 46 BPI branches qualified under Retail Aggregation Program for 100% renewable energy.

sustainability_report p.42

Primary: Energy efficiency across buildings and networksData confidence — high

Ayala Land/APMC retrofitting common areas with LED lighting, HVAC optimization via VFDs and BMS. Globe deployed AI/ML technologies optimizing network energy, reducing electricity consumption by 11.3 million kWh in 2024 (~₱125M savings). 62 green-certified Ayala Land properties. ATG Tower Two achieved LEED Gold and WELL v2 Platinum.

sustainability_report p.42

Primary: Electric vehicle deployment and EV charging infrastructureData confidence — high

ACMobility installed 419 electrified charge points (346 AC, 73 DC) across 166 locations with ~15,000 kW output. 51% of network powered by RE. EV charging stations recorded 921,811 kWh sold with 797,697 kWh sourced from RE (58.9% RE), avoiding ~1,094.9 tons of GHG emissions. ACMobility achieved 82% NEV market share. Globe integrating EVs into transport services. Ayala Land's MDC introduced electric-powered heavy construction equipment.

sustainability_report p.42

Dependent: Scope 3 supplier engagement and low-carbon procurementData confidence — high

Ayala Land collaborates with SteelAsia to source lower-carbon steel produced using recycled materials and renewable energy. Globe integrates sustainability into procurement, supplier accreditation, and vendor performance monitoring. IMI implements supplier sustainability requirements through supplier code of conduct, self-assessments, and audits. ACEN incorporates sustainability into supplier engagement.

sustainability_report p.42

Dependent: Low-carbon products and services portfolioData confidence — high

Ayala companies enable decarbonization through ACEN's renewable energy generation (7 GW attributable capacity, 100% RE portfolio achieved 2025), electric mobility platforms via ACMobility (largest NEV market share at 82%), EV charging infrastructure, and green-certified buildings by Ayala Land. ACEN RES supplies 482 MW retail portfolio to 753 commercial and industrial customers, avoiding ~329,003 tCO2e/MW.

sustainability_report p.42

Dependent: Sustainable finance mobilizationData confidence — high

Since 2019 issuance of inaugural green bond, Ayala Group has mobilized $6.9 billion in sustainable finance including green/social bonds, sustainability-linked loans, and blended finance. Includes social bond with IFC for cancer care hospital, $100M blended finance facility with ADB and CANPA for EV charging network, sustainability-linked loans tied to net-zero performance targets, and inaugural A- JCR rating enabling yen-denominated samurai loan.

sustainability_report p.52

2024· 16 events

Primary: Real estate decarbonisation — green steel and SBTi targetData confidence — high

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.

sustainability_report p.83

Dependent: Sustainable finance — US$6.2bn since 2019Data confidence — high

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.

sustainability_report p.120

2021 GHG baseline restated from 12.37 to 9.86 MtCO2eaffects scope 1 co2eData confidence — high

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.

sustainability_report p.78

Divestment of remaining stake in Manila WaterData confidence — high

Ayala surpassed its ₱50 billion value realization target with the divestment of its remaining stake in Manila Water, generating ₱14.5 billion.

sustainability_report p.4

Ayala Land and Globe receive SBTi validation for net-zero targetsData confidence — high

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.

sustainability_report p.79

Completed 2021-2024 GHG accounting and validationData confidence — high

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.

sustainability_report p.73

Sustainable Investment Framework approvedData confidence — high

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.

sustainability_report p.4

Human Rights Policy approvedData confidence — high

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.

sustainability_report p.99

Increased stake in Mynt (GCash) to pentacorn valuationData confidence — high

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.

sustainability_report p.4

New Corporate Secretary and Compliance OfficerData confidence — high

Maria Franchette M. Acosta appointed as Corporate Secretary, Data Protection Officer, Chief Legal Officer, and Group Head of Corporate Governance, succeeding Solomon M. Hermosura.

sustainability_report p.110

Four Golden Arrows in ASEAN Corporate Governance ScorecardData confidence — high

Ayala Corporation received four Golden Arrows in the 2024 Golden Arrows Awards from the Institute of Corporate Directors, improving from three in the previous year.

sustainability_report p.109

Chief Information Security Officer appointedData confidence — high

Ayala appointed a CISO and established a Cybersecurity Project Office to lead group-wide cybersecurity transformation, shifting from IT security to comprehensive information security.

sustainability_report p.116

Group-wide renewable electricity adoption — 56% in 2024Data confidence — high

Ayala has materially increased its renewable energy share in purchased electricity from 35% in 2021 to 56% in 2024, driving a 16% reduction in Scope 2 emissions by 2023. ACEN, the group's listed energy platform, has ~7 GW of attributable renewable capacity spanning operations, construction, and committed projects, targeting 100% renewable energy generation by 2025. AC Health partnered with ACEN to transition six Healthway facilities to 100% renewable energy (wind, solar, geothermal), preventing ~68,360 tons of CO2 over the contract period. ACENRES is the largest retail electricity supplier under the Green Energy Option Program with 50% market share.

sustainability_report p.73

Dependent: Scope 3 value-chain engagement (97% of emissions)Data confidence — high

97% of Ayala's total emissions in 2023 came from Scope 3 sources, with major contributions from ACEIC thermal assets (Category 15 Investments), fuel-and-energy related activities, and IMI's purchased goods and use of sold products. Ayala is strengthening supplier engagement through capacity-building programs and customer enablement of lower-carbon choices, while accelerating value-chain emissions reduction through cleaner energy sources, energy efficiency, and low-carbon technologies.

sustainability_report p.82

Dependent: Electric vehicle ecosystem via ACMobilityData confidence — high

ACMobility leads the Philippine shift to new energy vehicles (NEVs) with 82% NEV market share and 23,483 unit sales in 2024 (+46% y/y). It expanded EV charging infrastructure to 215 charge points (141 electrified) and secured a US$100M ADB blended finance facility plus US$15M concessional loan from the Canadian Climate and Nature Fund to install up to 1,700 EV charging stations. Partnerships with Ayala Land, BPI, Globe, and ACEN scale the EV ecosystem with renewable-powered chargers.

sustainability_report p.77

Primary: Coal early-retirement via Transition Credits at ACENData confidence — high

ACEN partnered with GenZero and Keppel Ltd. to explore high-integrity Transition Credits as a financial mechanism to accelerate early retirement of the 246 MW SLTEC coal plant in Batangas by 2030 — one of the first projects globally to pioneer the use of TCs for early coal retirement. ACEN's near-term SBTi-aligned targets include 73.6% reduction in Scope 1 from own generation by 2030 and 94.5% by 2040.

sustainability_report p.79

2023· 19 events

Primary: Use of sold products - energy efficient housing & productsData confidence — high

Use of sold products accounts for 21% of Ayala's baseline emissions, split across Ayala Land's sold properties, IMI's electronic products and AC Industrials' vehicles. Decarbonization strategies include designing more energy-efficient housing, greater granularity for electronic products and exclusively selling EVs in the future. ACMobility's EV distribution (BYD, Kia EV6, Gogoro) is central to this lever.

sustainability_report p.85

ACEN divested South Luzon Thermal Energy Corp (SLTEC) coal plantaffects scope 3 co2eData confidence — high

ACEN's full divestment of the SLTEC coal plant in 2023 affected water and emissions footprint.

sustainability_report p.169

Completed GHG baseline accounting per GHG Protocolaffects scope 3 co2eData confidence — high

Ayala Group completed comprehensive GHG footprint baseline accounting for 2021 covering scopes 1, 2 and 3 (all 15 categories) in line with GHG Protocol and SBTi. Engaged South Pole. Operational control approach adopted. Baseline ~12M tCO2e.

sustainability_report p.80

Established 2021 as GHG baseline yearaffects scope 3 co2eData confidence — high

2021 selected as base year for science-based target setting; comprehensive footprint of ~12M tCO2e with 96% in Scope 3 (primarily FERA, purchased goods & services, use of sold products).

sustainability_report p.85

ACEIC divested GN Power Kauswagan coal plantData confidence — high

AC Energy & Infrastructure (ACEN's parent) completed full divestment of the GN Power Kauswagan coal-fired power plant.

sustainability_report p.20

Divestment of MT C-con and STIData confidence — high

AC Industrials and IMI divested MT C-con (Aug 2023) and STI (Oct 2023) as part of portfolio rationalization, mitigating P800M in annual losses.

sustainability_report p.4

ACEN COP28 transition credit pilotData confidence — high

ACEN partnered with Rockefeller Foundation and Monetary Authority of Singapore to pilot world's first coal-to-clean transition credit; aims to accelerate SLTEC retirement from 2040 to 2030.

sustainability_report p.55

DEI Leadership Commitment approvedData confidence — high

Ayala Group Management Committee approved a landmark Leadership Commitment to diversity, equity and inclusion.

sustainability_report p.93

Board refresh - Fernando Zobel de Ayala re-electedData confidence — high

Fernando Zobel de Ayala elected as Director on September 28, 2023 replacing Mercedita S. Nolledo who resigned the same date.

sustainability_report p.35

Globe SBTi validationData confidence — high

Globe's net zero targets validated and approved by the Science Based Targets initiative. Ayala Land's pending approval.

sustainability_report p.4

Double materiality assessment conductedData confidence — high

Ayala embarked on double materiality exercise, assessing material topics from both impact and financial materiality perspectives.

sustainability_report p.64

Sustainability-Linked Financing FrameworkData confidence — high

Ayala developed its Sustainability Linked Financing Framework aligned with net zero and social impact commitments. Group has raised US$3.4B in sustainable finance.

sustainability_report p.55

30% renewable electricity share; ACEN 5GW renewables capacityData confidence — high

Across the Ayala Group, renewable energy share reached 30.2% in 2023. ACEN, the listed energy platform, achieved ~5 GW of attributable renewables capacity (99% of its generation portfolio) and aspires to reach 20 GW by 2030 and 100% renewable generation by 2025. ACEN partnered with Globe to power 24 high-energy facilities with 100% renewable energy. Ayala Land charges commercial properties an internal carbon fee of P250/tCO2e to encourage renewable energy adoption.

sustainability_report p.74

Project Kasibulan forest conservation in MindoroData confidence — high

Since 2018, the Ayala Group has protected 32,000 hectares of high value forests in Oriental Mindoro under Project Kasibulan: The Mindoro Forest and Biodiversity Conservation Program, avoiding deforestation and sequestering carbon while providing livelihood opportunities. Ayala plans to complement this with Energy Transition Mechanism via ACEN's pioneering coal-to-clean transition credits announced at COP28, which would accelerate SLTEC coal plant retirement from 2040 to 2030.

sustainability_report p.87

Primary: Electric vehicle infrastructure rolloutData confidence — high

ACMobility, Ayala's mobility platform, became the national distributor of BYD (one of the world's largest EV manufacturers) and built 20 EV charging stations across Metro Manila. Globe, AC, and 917Ventures launched Gogoro electric scooters with battery-swapping technology. IMI partnered with Zero Motorcycles to assemble e-bikes at its Laguna plant. Ayala Land puts up fast-charging stations across its properties.

sustainability_report p.53

Dependent: Coal-to-clean Energy Transition MechanismData confidence — high

ACEN implemented the world's first market-based Energy Transition Mechanism for the 246 MW SLTEC coal plant, with retirement targeted by 2040 or after 25 years of operation. In 2023, ACEN partnered with Rockefeller Foundation's Coal to Clean Credit Initiative and Monetary Authority of Singapore to pilot Transition Credits at COP28, potentially accelerating SLTEC retirement to 2030. ACEIC also fully divested GN Power Kauswagan coal-fired plant in 2023.

sustainability_report p.15

Primary: Supplier engagement for purchased goods & servicesData confidence — high

Purchased goods & services represent 23% of Ayala's baseline emissions, primarily Ayala Land's steel/cement purchases and IMI's procured materials. Supplier engagement is identified as the biggest decarbonization opportunity. Globe launched Sustainability Academy for Supply Chain to upskill MSME suppliers on ESG. Globe published an updated Supplier Code of Ethics and Sustainable Supply Chain Policy Commitment.

sustainability_report p.85

Dependent: Financed emissions (Scope 3 Cat 15) managementData confidence — high

As a holding company, 96% of Ayala Corporation parent's emissions come from investment activities (Scope 3 Cat 15), primarily from Globe, BPI and Manila Water operational emissions. Ayala steers its investees toward decarbonization through governance and capital allocation. Ayala developed a Sustainability Linked Financing Framework aligned with net zero commitments; the Group has raised ~US$3.4 billion in sustainable finance transactions.

sustainability_report p.85

Sustainability Committee Charter updatedData confidence — high

Ayala Corporation updated its Sustainability Committee Charter to version 2.0, formalising board oversight of ESG matters, requiring at least three directors with at least one having relevant ESG experience, and establishing the Chief Sustainability Officer role supported by the Group Risk Management and Sustainability Unit.

sustainability_report p.1

2022· 1 event

Ayala Group commits to net-zero by 2050affects net zero target yearData confidence — high

Ayala Group announced commitments to achieve net-zero GHG emissions by 2050.

sustainability_report p.73

2021· 1 event

Ayala commits to Net Zero GHG emissions by 2050affects net zero target yearData confidence — high

Ayala Group announced its commitment to achieve Net Zero Greenhouse Gas Emissions by 2050. Ayala Corporation and core businesses (Ayala Land, BPI, Globe, ACEN) signed as supporters of TCFD.

sustainability_report p.75

2019· 23 events

Dependent: Low-emission vehicle distribution and EV enablement at AC IndustrialsData confidence — high

AC Industrials' AC Motors offers fuel and eco-efficient automotive models and is exploring more eco-efficient vehicles. IMI generated 10.8 MW of renewable energy via Solar Pilot Project Initiative using Merlin Solar technology in Laguna site, avoiding ~10 tonnes CO2e. AC Industrials is building capacity to enable local adoption of electric vehicles.

sustainability_report p.121

Ayala Land carbon neutrality by 2022Data confidence — high

Ayala Land committed to being carbon neutral by 2022 through eco-efficiency, renewable energy use, and protection of 586 hectares of carbon forests storing 80,000 tonnes CO2e.

sustainability_report p.90

AC Energy partial divestment of thermal coal assetsaffects scope 1 co2eData confidence — high

AC Energy completed sale of 60% economic interest and 49% voting interest in thermal assets under AA Thermal to Aboitiz Power for US$572.9M, as part of pivot to renewable energy.

sustainability_report p.9

AC Energy first Climate Bond Initiative-certified Green Bond in SE AsiaData confidence — high

AC Energy launched US$410M green bond - first Climate Bond Initiative-certified, publicly listed US Dollar green bonds in Southeast Asia. IFC and ADB as anchor investors.

sustainability_report p.9

Manila Water 32% wastewater coverage target by 2021Data confidence — high

Manila Water working towards goal of providing 32 percent wastewater coverage of the East Zone by 2021. Currently over 30%.

sustainability_report p.29

Expanded Scope 3 reportingaffects scope 3 co2eData confidence — high

Ayala disclosed Scope 3 emissions including outsourced fleet diesel/gasoline, coal transport, and tenant electricity at Ayala Land properties.

sustainability_report p.236

Project Kasibulan carbon forests and biodiversityData confidence — high

Ayala's Project Kasibulan is a nature-based reforestation and biodiversity program. Ayala Land protects 586 hectares of carbon forests across the country, storing approximately 80,345 tonnes of CO2e. The Mindoro Forest and Biodiversity Program is developing as a REDD+ initiative using the Payments for Ecosystem Services (PES) scheme. Volunteers planted 2,210 seedlings in Ipo Dam (Bulacan) and Pagudpud (Ilocos Norte) sites in 2019.

sustainability_report p.124

Primary: Telco network energy efficiency at GlobeData confidence — high

Globe deployed 6,948 Green Network Solutions to improve cell site energy efficiency. Partnered with AC Energy to achieve carbon neutrality for select corporate offices. Paperless billing operations saved 655 tons of paper. GCash Forest engaged 1.7M customers in cashless transactions linked to tree planting.

sustainability_report p.90

AC Energy 5GW renewables by 2025 targetData confidence — high

AC Energy set target to achieve 5,000 MW of attributable renewable energy capacity by 2025. Pipeline of 1,200 MW of solar and wind projects in development.

sustainability_report p.28

TCFD voluntary disclosure phase-inData confidence — high

Starting 2019, Ayala phased in Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD) recommendations for voluntary climate-related financial disclosures.

sustainability_report p.3

Acquisition of 20% stake in Yoma Group MyanmarData confidence — high

Ayala acquired 20% stake in Yoma Strategic Holdings and First Myanmar Investment for US$237.5M. Largest foreign direct investment from PH into Myanmar.

sustainability_report p.24

BPI Green Finance Framework and CHF100M ASEAN Green BondData confidence — high

BPI established Green Finance Framework and issued CHF100M ASEAN Green Bond - first ever public Swiss franc-denominated and first negative yielding bond out of PH. Followed by US$300M green bond.

sustainability_report p.9

Globe signatory to UN Global CompactData confidence — high

In 2019, Globe became a signatory to the United Nations Global Compact, committing to implement universal sustainability principles.

sustainability_report p.139

AC Energy scaling to 5GW attributable renewable capacity by 2025Data confidence — high

AC Energy is Ayala's primary renewables vehicle, targeting 5,000 MW of attributable renewable energy capacity by 2025. In 2019, attributable RE capacity reached 656 MW (up from 268 MW in 2018), with 50% of total energy output (1,758 GWh) from renewables. Pipeline includes 1,200 MW of solar and wind projects across Philippines, Vietnam, Indonesia, Australia, India and Myanmar. Funded by two green bond issuances raising US$810M including the first Climate Bond Initiative-certified USD green bonds in SE Asia and the first USD-denominated fixed-for-life green bond globally.

sustainability_report p.119

Primary: Eco-efficiency and renewable electricity for real estate operationsData confidence — high

Ayala Land targets carbon neutrality by 2022. The company avoided about 121,951 tonnes CO2e by shifting to renewable energy use, implemented passive cooling and sustainable architecture at planning level, and achieved a 72% reduction in commercial properties' net GHG emissions in 2019. Energy and water conservation programs span efficient equipment investments and operational improvements.

sustainability_report p.90

Primary: Climate resilience and water efficiency at Manila WaterData confidence — high

Manila Water conducted resiliency assessment and business impact studies of Manila and Laguna facilities, retrofitted facilities for disaster resilience, and built new assets in locations not exposed to flood hazards. Reduced enterprise-wide non-revenue water from 9.6% to 9.0% in 2019. Treated 64.2M cubic meters wastewater and removed 13,440 tonnes of organic pollutants.

sustainability_report p.90

Ayala Sustainability Blueprint implementationData confidence — high

Ayala continued executing its Sustainability Blueprint aligning business units to UN SDGs across three journeys: Access and Inclusivity, Productivity and Competitiveness, Responsible Growth and Innovation.

sustainability_report p.105

Acquisition of PHINMA EnergyData confidence — high

AC Energy completed acquisition of 51.48% controlling stake in PHINMA Energy, renamed AC Energy Philippines. Adds renewable and thermal portfolio in PH.

sustainability_report p.9

First USD-denominated fixed-for-life Green Bond globallyData confidence — high

AC Energy issued US$400M senior perpetual fixed-for-life green notes - first US dollar-denominated FFL green bond issued globally. ASEAN Green Bonds Standards certified.

sustainability_report p.10

Board gender diversity target 30% by 2025affects workforce board female pctData confidence — high

Board adopted diversity policy: at least 30 percent female directors or at least two female directors by 2025.

sustainability_report p.38

WBCSD membershipData confidence — high

Ayala became the first Philippine company invited to become a member of WBCSD (World Business Council for Sustainable Development), supporting transition to sustainable world.

sustainability_report p.66

Primary: Energy generation portfolio transition from thermal to renewablesData confidence — high

AC Energy is actively shifting its generation portfolio away from coal. In 2019, partial divestment of thermal assets (60% economic interest in AA Thermal to Aboitiz Power; transfer of Kauswagan coal project to Power Partners) recycled capital into renewables. SLTEC coal plant Unit 2 shutdown in Q3 2018 reduced coal energy consumption. Group Scope 1 emissions fell 38% in 2019 to 1M tCO2e on equity basis.

sustainability_report p.89

Dependent: Green finance and sustainable lending at BPIData confidence — high

BPI established Green Finance Framework setting guidelines for green bonds and loans. Issued two landmark green bonds in 2019: CHF100M ASEAN Green Bond and US$300M green bond. Disbursed PHP10.14B for energy efficiency, renewable energy, and climate resilience projects under Sustainable Energy Financing (SEF) program; PHP2.17B for large renewable energy projects under Structured Finance Division.

sustainability_report p.90

2010· 1 event

Ayala acquires United Utilities stake in Manila WaterData confidence — high

On March 4, 2010, the Company completed the acquisition of UU's 81.9 million common shares and economic interest in 2 billion preferred shares in MWCI for P3.5 billion, increasing the Company's interest from 31.7% to 43.3%.

sustainability_report p.161

2009· 6 events

Ayala increases stake in Manila Water from 29.9% to 31.5%Data confidence — high

In various dates in 2009, the Company acquired 40.8 million common shares of MWCI for a total consideration of P572.4 million, increasing its ownership interest from 29.9% to 31.5%.

sustainability_report p.113

eTelecare and Stream Global Services merger completedData confidence — high

Stream Global Services and eTelecare Global Solutions completed their merger in October 2009, creating a leading BPO company with approximately 30,000 employees in 50+ solution centers in 22 countries. Post-merger, LiveIt's ownership stake was 26%.

sustainability_report p.44

Ayala publishes first GRI-compliant group-wide sustainability reportData confidence — high

Ayala published its first conglomerate-wide GRI-compliant sustainability report 'Pioneering for a Sustainable Future' in 2009, the first by a business group in the Philippines. The Sustain+Ability Summit was also held in November 2009.

sustainability_report p.52

IMI lists shares on Philippine Stock ExchangeData confidence — high

IMI listed its shares on the Philippine Stock Exchange in January 2010 to provide financial flexibility as it pursues global growth initiatives across six countries through 12 offices and manufacturing plants.

sustainability_report p.13

Integreon acquires Grail Research from Monitor GroupData confidence — high

Integreon acquired the assets of Grail Research from the Monitor Group for a total consideration of US$11.8 million in October 2009, expanding into high-end customized market research.

sustainability_report p.130

Integreon acquires On-Site Sourcing Inc.Data confidence — high

Integreon acquired On-Site Sourcing, Inc. (Onsite) for a total consideration of US$6.8 million in April 2009, expanding its litigation support capabilities.

sustainability_report p.129