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Environment:
Net Zero by 2050
As ACEN aspires to be a Net Zero company by 2050, we recognize our role to help conserve the environment and prevent the continued decline in biodiversity and risk to the natural resources which we all depend on.
Our commitment to the environment is built on three focus areas: Climate Change, Biodiversity, and Resource Efficiency. Through these three focus areas, we aim to manage our key environmental impacts, help address the urgent issue of climate change and use resources responsibly.
The world needs to accelerate the energy transition, and we believe that this is an opportune time for our renewables growth and help address the capacity challenges we are facing today.
Biodiversity is important to us. We all depend on our natural resources, and the continued decline and degradation of our environment has been alarming.
ACEN continues to create opportunities to lower its environmental footprint through the reduction and recirculation of natural resources used throughout the life cycle of its power plant
ACEN is the first energy company in Southeast Asia to take this critical step towards achieving Net Zero, providing an accountable and transparent framework for monitoring progress.
ACEN’s landmark Energy Transition Mechanism, the first ETM deal in the world, allows the company to move closer toward its commitment to 100% renewables generation by 2025, with a goal of reaching 20 GW of renewables capacity by 2030.
ACEN is the first energy company in Southeast Asia to take this critical step towards achieving Net Zero, providing an accountable and transparent framework for monitoring progress.
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Businesses, investors, academics, civil, and social representatives collaborate to develop resources to advance social equity while meeting environmental goals.
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ACEN, the energy platform of the Ayala Group, disclosed today the full divestment of the South Luzon Thermal Energy Corporation (SLTEC) coal plant using the energy transition mechanism (ETM), the first ETM deal in the world. The landmark transaction will enable the early retirement of the 246 MW coal plant in Batangas, Philippines.
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Together with the Ayala group, ACEN is committing to achieve net zero greenhouse gas emissions by 2050, as announced by its Chairman Fernando Zobel de Ayala during the group’s Integrated Corporate Governance, Risk Management, and Sustainability Summit .
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Announced at the Ayala Sustainability Summit last week was the climate initiative collaboration between Ayala’s energy and real estate businesses, a significant milestone toward the group’s collective Net Zero ambition by 2050.
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ACEN’s Guimaras Wind Corporation (GWC) partnered with the Municipality of Dumangas to lead a pioneering coastal project with the goal of rehabilitating over 90 hectares of fish sanctuary and installing over 200 artificial reefs along the Dumangas Strait.
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ACEN, through its wholly-owned subsidiary, AC Renewables International (ACRI), has obtained board approval* to enter into a joint venture with NEFIN Holding Limited (NEFIN), a leading solar photovoltaic developer and investor in carbon neutrality solutions.
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AC Energy has piloted the circularity approach in its 120 MW solar plant in Alaminos, Laguna construction site, diverting away from landfills a total of 32,540 kg of plastic collected from the solar panel packaging materials.
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AC Energy’s latest environmental and social programs in Western Visayas anchored on marine life protection and community development demonstrates the company’s pursuit to create sustainable, tangible and long-term impact to its stakeholders, the community and the environment.
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AC Energy, through its wind farms in Ilocos Norte, North Luzon Renewables and NorthWind, has taken significant strides in boosting its turtle conservation program within its host communities by recently partnering with the Marine Wildlife Watch of the Philippines.
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To help protect the Calatagan coastline in Batangas, South Luzon Thermal Energy Corporation (SLTEC) has collaborated with the DENR to support and monitor the growth of a 10-hectare mangrove plantation in the province.
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Ayala Corporation’s power arm, AC Energy, has started to integrate a circular approach in its renewable energy developments to help reduce the environmental impact in its construction sites and its host communities.
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A Hawksbill sea turtle classified as endangered was released in Ayoyo Cove in Pagudpud after being accidentally caught in the net of local fishermen on Tuesday night.
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35F Ayala Triangle Gardens Tower 2
Paseo de Roxas cor. Makati Avenue
Makati 1226 Philippines
Tel: +(632) 7-730-6300
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