Filinvest REIT Reports 94% Of Its Portfolio Now Fully Powered By Renewable Energy

Filinvest REIT Corp. (FILRT) announced that 16 out of its 17 buildings, representing 94% of its portfolio, are now fully powered by renewable energy.

Filinvest Axis Tower 1 and Filinvest Cyberzone Cebu Tower 1 renewed their supply contracts with FDCUI in June 2024. I Photo: Filinvest

This significant milestone aligns with FILRT's long-term vision of promoting sustainability within the real estate sector and contributing to the reduction of its operational carbon footprint, as disclosed in a report to the Philippine Stock Exchange (PSE).

In its 2023 Annual Sustainability Report, FILRT highlighted that its eight buildings in Northgate Cyberzone—including Vector One, Vector Two, Vector Three, iHub 1 and 2, Filinvest One, Filinvest Two, and Plaza A—were initially powered by renewable energy through FDC Utilities, Inc. (FDCUI).

Earlier this year, five additional Grade A buildings—Plaza B, Plaza C, Plaza D, Plaza E, and 5132—switched to renewable energy under the government’s Green Energy Option Program (GEOP), an initiative from the Department of Energy’s Renewable Energy Act of 2008, which allows consumers to select renewable energy as their primary power source.

Moreover, Filinvest Axis Tower 1 and Filinvest Cyberzone Cebu Tower 1 renewed their supply contracts with FDCUI in June 2024, transitioning from reliance on traditional energy sources.

Filinvest Three also made the switch to renewable energy under GEOP as of July 26, 2024.

Consequently, 94% of FILRT's Grade A buildings are now powered by 100% renewable energy.

Maricel Brion-Lirio, President and CEO of Filinvest REIT Corp., stated, “This milestone reaffirms FILRT's commitment to sustainability. Our goal is to ensure that all our properties are not only economically viable but also environmentally responsible. This success is shared with our tenants, who are equally dedicated to our sustainability goals.”

She added that by powering buildings with renewable energy, FILRT not only provides substantial benefits to tenants, such as lower energy costs and enhanced corporate social responsibility profiles, but also contributes to reducing its carbon footprint, advancing towards carbon neutrality.