MANILA, Philippines, October 1, 2024 – AIA Philippines, the local arm of leading pan-Asian life and health insurer AIA Group and one of the largest life insurance companies in the Philippines, has made significant strides toward achieving net-zero greenhouse gas (GHG) emissions by 2050, supporting AIA Group’s target to reduce their carbon emissions by 46 percent by 2030. The company is demonstrating its commitment by transitioning its building portfolio to 100 percent renewable energy sources and securing the prestigious WELL Health-Safety Rating for its workspaces.
Recognizing the urgent need for climate action, AIA Philippines is actively shifting to renewable energy for its power supply requirements. AIA Center Cebu made the switch in February 2023, partnering with Adventenergy, a subsidiary company under AboitizPower, and AIA Tower in Makati City followed suit in May 2024, now powered by ACEN, the energy platform of the Ayala Group. Solidifying its promise, AIA Philippines is in active discussions to secure 100 percent renewable energy for AIA Alabang and AIA Salcedo (Makati City) by Q4 2024 under the government’s Green Energy Options Program.
“At AIA Philippines, we believe that sustainability and well-being go hand in hand,” said Melissa Henson, AIA Philippines Chief Marketing Officer. “By powering our buildings with renewable energy and achieving WELL HSR certification, we are demonstrating our commitment to creating a healthier, more sustainable future for everyone.”
The WELL Health-Safety Rating is a testament to AIA Philippines’ dedication to creating workspaces that prioritize the health and well-being of its occupants. Seven AIA Philippines owned buildings have already achieved this prestigious rating, undergoing rigorous assessments to ensure high standards of air quality, lighting, acoustics, ergonomics, and more.
AIA Philippines’ dedication to sustainability extends beyond renewable energy supply and WELL HSR certification. The company is implementing other green building initiatives, including solar panel installations, urban gardening, and robust waste management programs. AIA Center Cebu, which is LEED Core & Shell Silver Certified, and AIA Tower are pursuing LEED EB+OM certification, strengthening AIA Philippines’ commitment to sustainable building practices.
These initiatives are part of AIA’s larger net-zero journey, which began in 2021 with an AIA Group-wide pledge to achieve net-zero GHG emissions by 2050. In 2023, AIA Group became the first pan-Asian life and health insurer to have its near-term emissions reduction targets validated by the renowned Science Based Target initiative (SBTi), underscoring its commitment to aligning its actions with the latest climate science.
AIA Philippines’ dedication to sustainability has influenced its operations since 2018 and, to ensure successful implementation of actions across the company, AIA Philippines has established clear reporting and escalation paths for its local sustainability efforts at both operational and management levels.
“We take our role of creating a healthier, more sustainable future for generations to come very seriously, and we are proud of the progress we have made. We remain dedicated to implementing innovative solutions that reduce our environmental impact, bringing to life our Purpose of helping people live Healthier, Longer, Better Lives,” said Henson.
By taking concrete steps to reduce its environmental impact and create healthier workspaces, AIA Philippines is setting a leading example for businesses in the Philippines and beyond, proving that a sustainable and healthy future is possible.
