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Wednesday, November 29, 2023

Aboitiz’ LIMA Estate sets high standard among smart cities

Aboitiz InfraCapital’s LIMA Estate, recently clinched the Smart City Award at the inaugural ESGBusiness Awards, held in Singapore (Shown in photo). Located in Lipa-Malvar, Batangas, LIMA Estate has implemented a comprehensive suite of smart city features, that focuses on enhancing the liveability, resilience, and sustainability of its community. The LIMA Central Business District boasts an impressive 63% off-site renewable energy utilization. The Outlets at Lipa achieves 43% on-site energy utilization and its 1.5-megawatt peak rooftop solar panel system offsets 31,000 tons of CO2 emissions annually, equivalent to planting 1.4 million trees. LIMA Estate has delivered remarkable outcomes for its occupants, such as a 20% reduction in fuel consumption and a 30% decrease in repair costs. An initiative in the pipeline is repurposing plastic waste into eco bricks. This endeavor aims to decrease the entire estate’s ecological footprint, actively promoting the development of a circular economy.

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