Northgate Cyberzone Filinvest City, Alabang— 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. (Read more)

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.

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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.

For more details on FILRT’s sustainable office space, visit www.filinvestreit.com or email info@filinvestreit.com.