" This landmark investment ensures we keep the momentum towards portfolio decarbonization, further deepening our shared commitment to a greener property sector in the Philippines. " In recent years, IFC has collaborated with ALI to enhance its capacity for sustainable finance and green-building initiatives. For instance, in April 2024, Ayala Land Hotels and Resorts Corp (AHRC), ALI's hospitality division, committed to becoming the first hotel group in the Philippines to achieve EDGE Zero Carbon certification by 2026. This follows a similar commitment by ALI and AREIT in September 2023. Related Article: IFRS Foundation and IFC Announce Partnership to Improve Sustainability Reporting in Emerging Markets " Ayala Land is a sustainability leader in the property sector in the Philippines, with a steadfast commitment to green their entire portfolio, " said Jean-Marc Arbogast, Country Manager for the Philippines at IFC.