A formidable alliance is taking shape as Arthaland, a pioneer in sustainable property development, joins forces with First Gen Corporation (First Gen), a leading advocate of sustainability in the energy sector. Together, they are championing sustainable practices in Cebu, marking a significant milestone for both entities united by their shared commitment to building a greener future.
On January 10, 2024, a signing ceremony at Arthaland Century Pacific Tower marked Cebu Exchange’s shift to renewable energy for its electricity, showcasing a commitment to sustainability in Cebu and the enduring partnership between Arthaland and First Gen, dating back to 2019.
This collaboration has seen First Gen consistently supplying renewable energy to Arthaland Century Pacific Tower, recognized as the world's first EDGE Zero Carbon certified building. This partnership has been extended to Arya Residences, Arthaland’s two-tower luxury green condominium in Bonifacio Global City (BGC), with its transition to source 100 percent renewable energy supply in 2022.
Arthaland's steadfast devotion to sustainability is evident in its ambitious Net Zero Carbon Buildings Commitment, aimed at achieving complete decarbonization of its portfolio by 2030. Notably, Arthaland is the sole real estate developer in the Philippines to have received 100 percent sustainable certification for residential and commercial properties from local and global certifying bodies.
First Gen, guided by its mission of forging collaborative pathways for a decarbonized future, provides clean and renewable energy. It uses natural gas, geothermal, hydro, solar, and wind power plants to generate electricity. Its power portfolio comprises 31 operational power plants strategically located in the Philippines' three main island grids.
In January 2024, Arthaland strengthened its partnership with First Gen Corporation by enlisting their support to provide clean and reliable energy to its newest commercial building in the Visayas region, Cebu Exchange.
"This is something we passionately share with you. In 2016, we decided to close our doors to coal-fired plants to keep our portfolio clean and green. This significant business decision is made to show how dedicated we are to our decarbonization vision," notes Carlo Vega, First Gen’s vice president for Power Marketing, Trading, and Economics.
Cebu Exchange is a PEZA-accredited I.T. Center and is on track to be the country's largest Net Zero Carbon certified building. This premier office complex, strategically nestled in the heart of Cebu City's bustling business district, is certified EDGE Advanced and currently on track for EDGE Zero Carbon certification.
"Our pursuit of Net Zero is the bridge between a sustainable tomorrow and our concrete contribution to the global call for climate action. We are resolute in developing sustainable properties that exceed industry standards," underscores Arthaland Senior Vice President and Chief Sustainability Officer Oliver L. Chan.
This monumental partnership with First Gen strengthens their resolve and serves as a guiding light for the entire real estate sector, inspiring a new generation to embrace sustainable practices. Arthaland and First Gen are pioneers forging a sustainable path toward a brighter future.
This post explores the groundbreaking alliance between Arthaland and First Gen, their commitment to sustainability, and their joint venture in Cebu to create the largest Net Zero Carbon certified building. Discover how these two pioneers are shaping the future of green development.
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