Circular economy

Ayala Land Inc. (ALI), SteelAsia Manufacturing and Makati Development Corp. sign a memorandum of understanding for a groundbreaking collaboration advancing circular economy and decarbonization methods in the construction industry. The agreement solidifies the practice of SteelAsia supplying MDC, the construction arm of ALI, with rebars made from recycled content sourced from scrap generated by ALI projects. Attending the signing ceremony are (from left) MDC A+E design and sustainability head Jeremy Acosta, Ayala Land sustainability head Anna Gonzales, Ayala Land chief sustainability officer Robert Lao, SteelAsia president and COO Sean Andre Sy, MDC chief finance officer Jose Platero Jr. and SteelAsia Chief Sustainability Officer Stephen J. Araneta