The International Finance Corp. (IFC) has provided a P12.87 billion (US$225 million) sustainability-linked loan (SSL) to Ayala Land, Inc. (ALI) to support the development of green, resilient buildings in the Philippines. The loan will finance two major projects: Greenbelt 1 in Makati and Ayala Malls Evo City in Cavite, adding a combined 89,000 square meters of commercial space.
This marks the second SLL from IFC to ALI, following their initial 2024 agreement, furthering ALI’s commitment to sustainability in real estate. The loan is tied to specific environmental performance targets, including a 42 percent reduction in greenhouse gas emissions by 2030 and the EDGE Zero Carbon certification of 1.5 million square meters of office space by 2025.
Additionally, IFC and ALI will implement the Building Resilience Index (BRI) across 50 commercial and industrial properties, making ALI the first global developer to integrate BRI into its processes. The loan will generate over 1,000 jobs directly and is expected to create 3,000 more through commercial activities, enhancing both the local economy and climate resilience.
The partnership highlights the potential of sustainable finance to scale green real estate while contributing to job creation and long-term value for stakeholders.
