Insular Life (InLife) has signed a strategic partnership with ACEN RES, the retail electricity arm of ACEN Corp., to power its corporate offices with 100-percent renewable energy.
The move solidifies the commitment of the insurance leader to more sustainable business operations. Under the agreement, InLife will source clean power from the diversified portfolio of solar, wind and geothermal facilities of ACEN to supply its corporate headquarters in Makati City and Alabang, Muntinlupa.
The transition to clean energy is a key component of the long-term sustainability strategy of InLife, directly contributing to a more environmentally responsible business model.
By sourcing power from ACEN RES, InLife expects to achieve cost efficiencies in its electricity consumption and make substantial progress in its decarbonization targets.
“InLife’s transition to renewable energy and adherence to globally recognized standards in environmentally safe infrastructure are efforts to lead by example and drive meaningful change towards a sustainable future,” InLife executive vice-president and chief property investment officer Hector Caunan said.
The partnership is enabled by the customer choice programs of the Philippine government, such as Retail Competition and Open Access (RCOA) and the Green Energy Option Program (GEOP). These programs empower eligible electricity consumers to choose their own supplier, fostering a competitive market that encourages the growth of renewable energy.
ACEN senior vice-president for market transformation and retail Tony Valdez cited the growing trend among top corporations to shift to sustainable energy sources.
“We are honored to partner with InLife, a leader in the insurance industry, on their journey to sustainability. This collaboration is a testament to the increasing consciousness of businesses to not only manage their operational costs but also to create a positive environmental impact. We are committed to supporting InLife in achieving their green ambitions,” Valdez said.
ACEN RES awarded InLife its “Powered by Renewable Energy” badge. The proprietary seal is granted to businesses that source 100 percent of their electricity supply from ACEN RES.
