Sy-led Chinabank’s main offices shift to clean energy with Ayala’s ACEN

China Banking Corp., part of the Sy family’s SM Group, has switched its Makati Head Office and Binondo Business Center to clean energy, reducing carbon emissions and promoting renewable energy in the Philippines.

Partnering with ACEN Renewable Energy Solutions (ACEN RES) under the Green Energy Option Program (GEOP), the bank now uses solar, wind, and geothermal energy. ACEN RES awarded Chinabank a ‘Powered by Renewable Energy’ seal at a ceremony on Jan. 21, 2025.

Chinabank, recognized for its environmental and social efforts, was named one of TIME Magazine’s World’s Best Companies for 2024. ACEN RES, a subsidiary of Ayala’s ACEN Corp., delivers clean energy across Asia-Pacific.

Management’s view 

“As part of our sustainability initiatives, it is essential that we consider the environmental impact of our operations and actions,” said Chinabank president and CEO Romy Uyan said. 

“This switch marks a significant milestone in CBC’s transition to renewable energy as we endeavor to reduce not only our carbon footprint but also contribute towards the country’s transition away from imported energy,” he added. 

(From left)  From Chinabank: Institutional banking segment's account officer Marco Panajon, FVP Alfredo Manuel Moreno, chief finance officer Patrick Cheng, and chief sustainability officer William Quesang. From ACEN RES:  SVP for market transformation & retail Tony Valdez, AVP for legal, governance and compliance John Henry Liquete, and senior account managers Ann Gabrielle Joseph and Elisah Jacob-Cabato./ Contributed photo (Click on the photo to see full image)

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