Filinvest REIT Corp.'s Office Building Portfolio is Now 76% Powered by Renewable Energy

Filinvest REIT Corp. (FILRT), as part of its commitment to sustainability, announces the successful conversion of five of its office building properties to renewable energy sources through the government's Green Energy Option Program (GEOP). The decision demonstrates FILRT's dedication to environmental responsibility and represents a significant step forward in the company's journey toward a greener future.

The GEOP, a pioneering effort spearheaded by the Department of Energy in compliance with the Renewable Energy Act of 2008, enables consumers to choose renewable energy as their primary energy source. This initiative gives end users the option of switching to an electrical supplier that can deliver energy from 100% renewable energy generation facilities.

According to the FILRT 2023 Annual and Sustainability Report, eight buildings, including Vector One, Vector Two, Vector Three, iHub 1 and 2, Filinvest One, Filinvest Two, and Plaza A, are now connected to renewable energy (RE) sources, accounting for 45% of FILRT's total consumption last year.

This momentum is reinforced by the addition of five FILRT properties that transitioned to renewable energy in early 2024. Plaza D led the move to renewable energy in January, with Plaza B, Plaza C, Plaza E, and 5132 following closely in February. This expands FILRT's renewable energy portfolio to include 13 of its 17 office buildings, accounting for 76% of the total assets.

Filinvest Three has also qualified for the Green Energy Option Program and plans to use 100% renewable energy by the third quarter of this year. Similarly, Axis Tower One and Filinvest Cyberzone Cebu Tower 1 are set to be powered by renewable energy in June. The acquisition of Filinvest Three, Axis Tower One, and Filinvest Cyberzone Cebu Tower 1 will increase the company's renewable energy portfolio from 13 to 16 office buildings, accounting for 94% of FILRT's overall office portfolio in terms of assets.

"We are delighted to announce the successful transition of five key FILRT properties to renewable energy sources," said Maricel Brion-Lirio, President and CEO of FILRT. "This strategic move not only fulfills our longstanding sustainability commitments but also resonates with the core objectives of our tenants in forging a more sustainable future. It reinforces our belief that sustainability is a collective journey, and as enablers, we support our tenants to realize their own sustainability aspirations. By aligning with our tenants' values, we aim to enhance their satisfaction and potentially increase our occupancy.”

FILRT's commitment to the GEOP program reflects its philosophy of allowing consumers to make ecologically responsible decisions while also helping to promote the renewable energy industry. Consumers who choose renewable energy benefit from low-cost energy options while also contributing to a cleaner, more sustainable environment.