Filinvest REIT Corp. (FILRT), the country’s first sustainability-themed real estate investment trust company of Filinvest Group, said Thursday five more of its office buildings switched to renewable energy for their power requirements.
FLRT said in a disclosure to the stock exchange that with the addition of five new buildings, 13 of its 17 buildings, or 76 percent, are now using renewable energy sources.
“We are delighted to announce the successful transition of five key FILRT properties to renewable energy sources,” said FILRT president and chief executive Maricel Brion-Lirio.
“This strategic move not only fulfills our longstanding sustainability commitments but also resonates with the core objectives of our tenants in forging a more sustainable future. It reinforces our belief that sustainability is a collective journey, and as enablers, we support our tenants to realize their own sustainability aspirations,” she said.
The company said three more office buildings were also qualified for the government’s Green Energy Option Program (GEOP) and would be powered by 100-percent renewable energy by the third quarter of this year.
FILRT said its dedication to the GEOP program reflects its belief in empowering consumers to make environmentally-conscious choices while contributing to the growth of the renewable energy industry.
The GEOP, a pioneering initiative led by the Department of Energy in accordance with the Renewable Energy Act of 2008, empowers consumers to opt for renewable energy as their primary energy source.