Leading the Way in Sustainable Finance

Ayala Chief Sustainability and Risk Officer Jaime Z. Urquijo (rightmost) with Mizuho Bank Managing Executive Officer and CEO for APAC Koichi Zaiki; Japan Minister of Economy, Trade and Industry Ken Saitō; and Philippine Energy Secretary Raphael Lotilla at the 2nd AZEC Summit

We are grateful to our financing partners for enabling us to build a sustainable portfolio of businesses as we go through our decarbonization journey. We are excited to explore more collaborations with like minded and committed peers to generate value for our stakeholders while creating meaningful impact for all.

JAIME Z. URQUIJO
AC Chief Sustainability and Risk Officer

Ayala Corporation joined the 2nd Asia Zero Emission Community (AZEC) Summit held on August 21, in Jakarta, Indonesia. Hosted by the Japan Ministry of Economy, Trade and Industry, the event showcased the partnerships of Japanese institutions with Southeast Asian corporates, with participants including foreign dignitaries, investors, financial institutions, and other companies.

The Ayala group’s partnerships with Mizuho Bank of Japan were highlighted during the conference. These include ESG ratings advisory with Ayala Corporation, a business cooperation agreement with BPI, and various financing transactions with the group. “Ayala Corporation is one of our longstanding partners which has fronted numerous initiatives towards decarbonization," said Koichi Zaiki, managing executive officer and CEO for Asia Pacific at Mizuho Bank.

Ayala Chief Sustainability and Risk Officer Jaime Z. Urquijo spoke in a panel to discuss cross-sectoral finance actions. He shared ACEN’s Energy Transition Mechanism (ETM) as a concrete case of the power of finance in enabling a sustainable development agenda. To recall, the ETM promotes the early phaseout of the SLTEC coal plant by 2040, underscoring Ayala’s commitment to sustainability.

The Ayala group is at the forefront of sustainable finance in the Philippines, with approximately $5 billion in ESG-labeled capital-raising transactions by parent Ayala, ACEN, BPI, and Ayala Land. Pioneering and landmark sustainable finance transactions include green bonds, the ETM, the social bond for AC Health, and sustainability-linked loans and bonds. These ESG-labeled deals are supported by internationally recognized sustainable finance frameworks and standards.