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Renewable power pioneer Alternergy Holdings Corporation (ALTER) today announced it has been included in the list of sustainability-based equity investment portfolio managed by fund management firm ATRAM (ATRAM Trust Corporation). The ATRAM Philippine Sustainable Development and Growth Fund (ATRAM SDG Fund) focuses on investing in companies that contribute to sustainable development and growth, aligning with the United Nation’s Sustainable Development Goals (SDGs).
“We are delighted to be added in ATRAM’s sustainability-based equity portfolio. It affirms ALTER’s core value of promoting sustainability as a pioneer in renewable power. And as we pursue our Road to 500 MW target, we are committed to exercise even greater care and vigilance in implementing sustainable practices across the entire value chain of building renewable energy projects,” Vicente S. Pérez Jr., ALTER chairman, said. ALTER joins ATRAM’s list of top 20 publicly listed companies under its sustainable equity portfolio that score high in terms of integrating UN SDGs into their operations and strategies. ATRAM particularly noted the comprehensive content laid out in ALTER’s 2024 Sustainability Report and the level of transparency exhibited in the report and the ATRAM Survey, providing insights and guidance for other companies to replicate. The ATRAM Sustainable Investing Champions also recognized ALTER as one of the outstanding Philippine companies for its commitment in SDG 7 Affordable and Clean Energy and initiatives in sustainability. “As a recently-listed company, ATRAM’s investment in ALTER boosts our capital base and inspires us to do more towards building a sustainable future,” Mr. Pérez added. ATRAM’s SDG Fund, with a value of P400 million, is one of ATRAM’s best performing fund with a year-to-date return at 18.62% as of December 2024. Alternergy is a renewable power pioneer with a portfolio of project companies engaged in different RE projects, particularly wind, run-of-river hydro, solar farm and commercial rooftop, battery storage and offshore wind projects. With robust expansion plans in the next two years, Alternergy aims to develop up to 500MW of additional wind, solar, and run of river hydro projects. Alternergy’s management team is comprised of a pioneering group of RE advocates led by former energy secretary Vince Pérez, Gerry Magbanua, Knud Hedeager, Eduardo Martinez Miranda, Michael Lichtenfeld, Atty. Ina Arriola, Annette Rafael and Carmen Diaz. Alternergy (ALTER) debuted at the Philippine Stock Exchange as the first initial public offering (IPO) in March 2023. In August 2024, ALTER has been included in the PSE Industrial Index. In December 2024, ALTER issued first dividend payments to its preferred shareholders, including the Government Service Insurance System (GSIS) in the amount of P118 million. The ATRAM is the leading digitally-powered independent asset and wealth manager in the Philippines, known for offering unparalleled investment solutions. As of December 2024, ATRAM managed approximately P352 billion in assets. As a multi-awarded asset management company, ATRAM focuses on delivering exceptional results and personalized solutions tailored to clients’ unique needs. With a 48% market share in the Philippine global feeder fund space, ATRAM continually pushes boundaries with innovative products and services. ATRAM operates through ATRAM Trust Corporation and ATR Asset Management Inc., with its headquarters at 8 Rockwell Building, Rockwell Center, Makati City. |
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