ADB and ACEN Sign Landmark Agreement to Power Headquarters

The Asian Development Bank (ADB) has entered into a landmark agreement with ACEN Renewable Energy Solutions (ACEN RES), part of the Ayala group, to power its Mandaluyong headquarters entirely with renewable energy. This initiative aligns with ADB’s ongoing efforts to enhance sustainability and reduce its carbon footprint by utilizing renewable sources like solar and wind from ACEN’s extensive portfolio.

Bruce Gosper, ADB Vice-President for Administration and Corporate Management, highlighted ADB’s dedication to lowering its carbon footprint through renewable energy. Despite its large headquarters, ADB has achieved lower energy consumption compared to similar buildings. Lakshmi Menon, ADB Director General for Corporate Services, noted that ADB has been sourcing renewable energy since 2014, while also reducing water and paper usage and minimizing waste.

ACEN President and CEO Eric Francia expressed enthusiasm about the expanded partnership with ADB, acknowledging ADB’s role in supporting the growth of ACEN’s renewable energy projects in the Philippines and beyond through sustainable financing. Francia praised the extension of their partnership to supply clean energy to ADB’s headquarters, further strengthening their collaboration.

To honor ADB’s commitment, ACEN RES awarded the bank its ‘Powered by Renewable Energy’ seal, a distinction for customers opting for 100% renewable energy. A turnover ceremony at ADB headquarters commemorated the agreement, attended by ADB officials, including Bruce Gosper, Lakshmi Menon, and Suzanne Gaboury, as well as ACEN representatives, including Eric Francia, Jonathan Back, Tony Valdez, Irene Maranan, and Sheila Mina.