Ayala Land, Inc. (ALI) has received PHP 12.87 billion (about $225 million) in funding from the International Finance Corporation (IFC) to support the development of eco-friendly buildings in the Philippines.
IFC said in a statement that, in a strategic move that underscores both sustainability and financial innovation, the duo is expanding their partnership to scale green and resilient buildings in the Philippines while supporting job creation.
IFC is providing Ayala Land, Inc. (ALI) with its second sustainability-linked loan, demonstrating progress in introducing more eco-friendly finance to the real estate sector.
The loan will help fund two major projects: the new Greenbelt 1 in Makati and Ayala Malls Evo City in Cavite, which together will have about 89,000 square meters of leasable space.
IFC will also work with ALI to use the Building Resilience Index (BRI) in 50 of its commercial and industrial properties. This makes ALI the first developer in the world to apply BRI in its project planning fully.
This new loan follows IFC’s first sustainability-linked loan to ALI in 2024 and is part of the company’s bigger plan to grow through green and sustainable financing.
“IFC is proud to deepen our partnership with Ayala Land as it pushes the frontier for sustainable real estate in the Philippines,
“This programmatic approach not only mobilizes financing, but also creates jobs and strengthens resilience in a country prone to extreme weather events,” said Amena Arif, IFC Country Manager for the Philippines.
The investment is expected to create more than 1,000 direct jobs during construction and operations. Once the new properties open, businesses inside them are projected to employ around 3,000 workers, helping build lively commercial communities in both areas.
“By embedding sustainability into our projects, we enhance customer experience, protect long-term value for our stakeholders, and set new benchmarks for the industry,
“Our partnership with IFC demonstrates that sustainable financing is not only achievable, it’s scalable. This is a model for how we will fund our growth in the future,” said Meean Dy, President and Chief Executive Officer of ALI.
The loan is tied to ALI reaching certain green goals, such as cutting greenhouse gas emissions by 42% across its commercial properties by 2030, and getting 1.5 million square meters of office space EDGE Zero Carbon certified by 2025.
With the help of IFC’s BRI and EDGE certification tools, ALI aims to mitigate its impact on climate change while also enhancing the resilience of its buildings. This would make ALI the world’s leading developer in terms of EDGE Zero Carbon-certified and BRI-rated projects.
The partnership highlights IFC and ALI’s shared commitment to building a more sustainable and climate-ready future for the Philippines.
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