Filinvest REIT Corp., the listed real estate investment trust of the Gotianun Group, said Thursday it has successfully transitioned earlier this year five of its office buildings to renewable energy sources under the government’s Green Energy Option Program.
The switch, FILRT said, underscores its commitment to environmental responsibility and marks a significant milestone in the company’s journey towards a greener future.
The GEOP, a pioneering initiative led by the Department of Energy in accordance with the Renewable Energy Act of 2008, empowers consumers to opt for renewable energy as their primary energy source. The program allows end-users to transition to an electricity supplier capable of delivering energy from 100 percent renewable energy generating facilities.
In all, eight FILRT buildings are powered by renewable energy sources. The buildings–Vector One, Vector Two, Vector Three, iHub 1 and 2, Filinvest One, Filinvest Two, and Plaza A–account for 45 percent of FILRT’s total consumption from renewable sources last year.
The five who switched to cleaner energy this year include 5132, Plaza B, Plaza C, Plaza D, and Plaza E. This leaves only four of the 17 office buildings under FILRT’s portfolio that are still powered by non-renewable energy sources.
Axis Tower One and Filinvest Cyberzone Cebu Tower 1 are slated to be supplied with renewable energy starting June while Filinvest Three will be switched to renewable energy by the third quarter of this year.
“This strategic move not only fulfills our longstanding sustainability commitments but also resonates with the core objectives of our tenants in forging a more sustainable future. It reinforces our belief that sustainability is a collective journey, and as enablers, we support our tenants to realize their own sustainability aspirations. By aligning with our tenants’ values, we aim to enhance their satisfaction and potentially increase our occupancy,” said Maricel Brion-Lirio, FILRT president and chief executive officer.
