Ultra bilyonaryo Manny Villar’s AllHome is looking to power all of its locations with renewable energy to ensure sustainability in its operations.
AllHome said renewable energy initiatives are pipelined for its 59 locations as the home improvement retailer’s answer to calls for more concerted efforts to ensure a sustainable future.
“AllHome will always push to remain on the cutting edge of industry trends, especially in retail. There has been a strong clamor all over the world for business entities to be cognizant on their responsibilities as members of larger communities,” AllHome vice chairman Camille Villar said.
Through its social-civic responsibility arm AllHome Builds, the company has jumpstarted its renewable energy efforts with the installation of solar panels at its Bacolod branch.
This was followed by solar panel deployment in additional AllHome locations in Sto. Tomas, Silang, Vibal, Santiago, Antipolo, Sta. Maria, and Imus.
Nine stores have already been installed with solar panels.
AllHome said the conversion to renewable energy sources has provided an estimated energy savings of eight to 10 percent to the stores’ consumption.
“Renewable energy not only slows the harmful effect of industry to our planet, but offers us efficiencies in operations,” said Camille Villar, AllHome director.
AllHome is optimistic about its results for the fourth quarter, which is historically strong for the company.
It has declared P288.8 million worth of cash dividends to its stockholders, payable on December 29.