Ramping Up Government- Private Sector Climate Action

Ayala Corporation Chief Sustainability and Risk Officer Jaime Z. Urquijo and Climate Change Commission Sec. Robert E.A. Borje (standing, center) at the MOU signing on April 12 with (seated, from left) Ayala Land Chief Sustainability Officer Robert Lao, Globe Chief Sustainability and Corporate Communications Officer Yoly Crisanto, CCC Deputy Executive Director Romell Antonio Cuenca, AC Chief Legal Officer Franchette Acosta, ACEN Group CFO and Chief Strategy Officer Jonathan Back, BPI CFO and Chief Sustainability Officer Eric Luchangco, and Ayala Foundation President Tony Lambino, and Ayala group sustainability officers

Climate change can cause great anxiety or fear, but for us at Ayala we see these tremendous challenges as a unique opportunity to work together with like-minded partners to help build a resilient and secure future.

JAIME Z. URQUIJO
AC Chief Sustainability and Risk Officer

Recognizing the vital role of the private sector in the country’s climate adaptation and mitigation plans, the Climate Change Commission (CCC) and the Ayala group have signed a memorandum of understanding to explore areas of collaboration in promoting and achieving goals under the Philippine climate agenda.

The CCC is the government's lead policy-making body on climate change. The partnership with the Ayala group—including parent Ayala Corporation, Ayala Land, BPI, Globe, ACEN, and Ayala Foundation—seeks to establish prospect programs that allow investment-led, accelerated, just, and equitable transitions towards low-carbon emissions and improving climate resilience and adaptive capacity of vulnerable communities.

“We hope that this MOU signing will bring forth collaborative projects that will enhance our capacity to adapt to climate change, expand our understanding of the risks and opportunities that climate change has brought, and be a platform to show the best Filipino ingenuity and resilience in the face of a tremendous global challenge," said Ayala Chief Sustainability and Risk Officer Jaime Z. Urquijo.

Ayala continues to ramp up its renewable energy investments, with ACEN expanding its presence globally and increasing its renewable capacity. The group also scales up its climate action along the lines of energy efficiency, carbon emissions reduction, and sustainability-related financing products.