Filinvest REIT Corp. Announces 94% of its Portfolio is Now 100% Powered by Renewable Energy

​Filinvest REIT Corp. (FILRT), a pioneer in sustainable REIT, proudly announced that 16 out of its 17 buildings, comprising 94% of its portfolio, are now fully powered by renewable energy.

FILRT disclosed in its 2023 Annual Sustainability Report that eight buildings in Northgate Cyberzone—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). Following their lead, five more of FILRT’s Grade A buildings—Plaza B, Plaza C, Plaza D, Plaza E, and 5132—switched to renewable energy earlier this year under the government’s Green Energy Option Program (GEOP), a pioneering initiative under the Department of Energy’s Renewable Energy Act of 2008 that empowers consumers to choose renewable energy as their primary source.

Filinvest Axis Tower 1 and Filinvest Cyberzone Cebu Tower 1 made significant strides by renewing their supply contracts with FDCUI in June this year, transitioning from previous reliance on traditional energy sources. Furthering this progress, Filinvest Three also transitioned to renewable energy under GEOP last July 26, 2024.

With these recent additions, 16 out of FILRT's 17 Grade A buildings, or 94% of the portfolio in terms of the number of properties, are now supplied with 100% renewable energy as of July 2024. Notably, the Capital One building has a direct contract with its retail electricity supplier and coordinates independently with its chosen supplier.

“This milestone reaffirms FILRT's commitment to sustainability,” said Maricel Brion-Lirio, President and CEO of Filinvest REIT Corp. “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.”

By powering buildings with renewable energy, FILRT not only provides substantial benefits to tenants such as lower energy costs and improved corporate social responsibility profiles but also reduces its carbon footprint towards carbon neutrality, exemplifying a dedication to sustainability that appeals to both stakeholders and customers.

This achievement aligns with FILRT's long-term vision of promoting sustainability within the real estate sector, significantly contributing to the reduction of operational carbon footprint.

Filinvest REIT Corp. (FILRT) is the country’s first sustainability-themed real estate investment trust (REIT) backed by Filinvest Land Inc. (FLI), one of the largest property developers in the Philippines with an established portfolio of residential, commercial, industrial, and office developments across the archipelago.

Its commercial portfolio consists of 17 Grade A office buildings that provide world-class, eco-friendly workspaces for local and global businesses. Recognized by Jones Lang Lasalle (JLL) for its green and sustainability-themed features, FILRT’s office buildings portfolio is designed to meet the evolving needs of today's businesses while reducing environmental impact. Totaling over 300,000 square meters of gross leasable area (GLA), 16 of the buildings are in Northgate Cyberzone – an IT BPO campus-style hub accredited by the Philippine Economic Zone Authority (PEZA) in Filinvest City, Alabang. Filinvest City is a 244-hectare mixed-use and integrated city that is the first and only central business district (CBD) in the Philippines to receive LEED® v4 Gold for Neighborhood Development Plan certification as well as a three-star BERDE certification. Two of the FILRT properties in Filinvest City, namely Axis Tower One and Vector Three, are among the country’s few LEED Gold certified developments. Another building is Filinvest Cyberzone Cebu Tower 1 located in the gateway of Cebu IT Park in Lahug, Cebu City. Rounding up the portfolio is 2.9 hectares of land that is being leased to the owner and operator of multi-awarded Crimson Resort & Spa Boracay.

As the future of responsible workspaces, Filinvest REIT is leading the way in sustainable real estate movement.