Philippines’ Green Finance Framework Advances as Alternergy Earns First Green Equity Label and Reports Major RE Project Progress

Alternergy marked a new milestone in its sustainability journey with a bell-ringing ceremony at the Philippine Stock Exchange (PSE) on Wednesday to celebrate its certification as the country’s first Green Equity Label issuer. The event, attended by officials from the Securities and Exchange Commission (SEC) and the PSE, provided additional details on the company’s compliance and updates on its expanding renewable energy pipeline.

Company president Gerry P. Magbanua said the certification strengthens Alternergy’s position among sustainability-focused investors as it prepares for future capital-raising activities. He noted that the Green Equity Label provides a credibility boost for renewable energy developers entering or returning to the equities market through follow-on offerings.

The Green Equity Label is granted under SEC Memorandum Circular No. 13, which outlines eligibility requirements for publicly listed companies. These include minimum revenue thresholds, limits on fossil fuel exposure, and adherence to the Sustainable Finance Taxonomy Guidelines.

Accounting firm SyCip Gorres Velayo & Co. (SGV) conducted an external review confirming that more than 90 percent of Alternergy’s operating and capital expenditures align with green activities under the taxonomy framework.

Magbanua also reported progress on the company’s project pipeline during the ceremony. Four developments with a combined capacity of 225 megawatts are in advanced stages of construction, with commissioning expected between late 2025 and the first half of 2026. The company additionally secured 450 MW under the Green Energy Auction 4, expanding its medium-term development portfolio.

PSE President and CEO Ramon S. Monzon urged more listed firms to pursue similar certifications, saying the initiative elevates sustainability and transparency in the market. Representatives from Alternergy’s legal, underwriting, and financing partners were also present at the event.

The company’s formal certification and updated project milestones highlight its efforts to align growth with rising sustainability standards in the Philippine capital market.