The Ayala Group has once again proven its might when it comes to its commitment to climate action.
This comes as Ayala Corp. received the highest rating among Philippine conglomerates from UK-based Carbon Disclosure Project (CDP), the world’s largest and most comprehensive dataset on environmental action.
Ayala bagged a rating of B, higher than the Asia regional average of C, with the conglomerate receiving very high scores in the areas of governance, opportunity disclosure, and risk management processes.
The group’s real estate arm, Ayala Land maintained its A- rating, besting other real estate companies in the Philippines.
Telecom subsidiary Globe maintained its B rating as well.
Both BPI and ACEN, which serves as Ayala’s banking and energy units, respectively, received scores at par with the Asia regional average, with BPI besting other Philippine banks.
“We’re very happy with the scores Ayala and its business units received from the CDP. These scores play an important role in keeping our companies on track when it comes to climate action,” Ayala chief financial, sustainability, and risk management officer Albert de Larrazabal said.
“These not only prove our strong commitment to protecting the environment but also our strong adherence to the highest standards of disclosure,” Larrazabal said.
In 2021, Ayala became the first Philippine company to commit to a net zero target by 2050, as it aligned its business strategy with the Paris Agreement’s goal of limiting global warming to 1.5 degrees Celsius compared to pre-industrial levels.