Arthaland Corp. is prepared to issue its first green bond as part of its commitment to sustainability.
In a statement, the Po-led boutique property firm said it established the first green finance framework by a real estate company in the Philippines.
The framework, which is aligned with ASEAN Capital Markets Forum ASEAN Green Bond Standards 2018, provides the basis for the issuances of green bonds and loans, which can be denominated in Philippine pesos or in any other currency.
Arthaland will use proceeds from the offering to finance or refinance a portfolio of green eligible projects.
The company is the foremost green developer in the Philippines recognized by both local and global organizations for its superior design, high quality, focus on sustainability and innovation. Last Oct. 9, its flagship office development, Arthaland Century Pacific Tower (ACPT) in Bonifacio Global City (BGC) was awarded as the first EDGE zero carbon project in the world, certified under the International Finance Corp’s Excellence in Design for Greater Efficiencies (EDGE) Green Building Program.
This makes ACPT as the first and only triple-certified green building to date. ACPT has also been awarded the Leadership in Energy and Environmental Design (LEED) Platinum rating from the US Green Building Council and the Building for Ecologically Responsive Design Excellence (BERDE) 5-star rating from the Philippine Green Building Council, the highest in both green building rating standards.
Another flagship project of Arthaland is the Arya Residences, the only residential building in the country to receive dual certification comprising of a LEED Gold certification and a BERDE 4-star certification.
Arthaland is currently developing other sustainable projects in Cebu, Taguig City, and Laguna.