Japanese trading giant Marubeni Corp is scaling up its sustainability investments in the Philippines. The company is specifically targeting the development of carbon credit programs through reforestation, leveraging a partnership with the Department of Environment and Natural Resources and the University of the Philippines.
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Marubeni is moving into Philippine reforestation for carbon credits. They have a MOU with the DENR and UP to get this moving. It is a standard play for a trading house, but the actual scale of the credits remains to be seen.
The DOE guidelines from October 2025 are the real story here. Having a recognized unit for one metric ton of CO2 equivalent gives a baseline for these projects. Without that regulatory framework, these MOUs are just paper.
Reforestation is fine for offsets, but I am more interested in Marubeni's power portfolio in the region. If they are scaling up, I want to know if they are actually adding storage or just more intermittent capacity to an already strained grid.
