Ayala Land Inc. real estate investment trust Areit Inc. has received so-called EDGE certification on eight of its office buildings comprising 354,000 square meters, making their combined offices the largest certified portfolio in the Philippines.
The AREIT properties awarded certification include the Glorietta 1 and 2 Corporate Center, Solaris One, McKinley Exchange Corporate Center in Makati, Vertis North Corporate Centers 1, 2, and 3 in Quezon City, and The 30th Corporate Center in Pasig.
The EDGE certificate was based on the 45.33 percent improvement in energy efficiency, 49.07 percent in water, and 61.88 percent in carbon material reduction, the companies said.
“Our commitment to Edge Zero carbon is a testament to the value we see in developing environmentally – -conscious developments to ensure a more sustainable future for the country,” Mariana Zobel de Ayala, Ayala Land’s senior vice president and group head for leasing and hospitality, said.
Edge stands for Excellence in Design for Greater Efficiencies. It is an international green building certification and an innovation of the International Finance Corp., the private sector arm of the World Bank Group.
Edge Zero Carbon is the highest level of certification granted to properties that have neutralized their carbon emissions through renewable energy use. It requires a minimum of 40 percent energy savings and 20 percent savings in water and embodied carbon in materials compared to the base case.
