Megaworld Expands Carbon Forests and Transitions to Renewable Energy

business.inquirer.net

by solar_winds_05·4 months ago·1 points

Megaworld Corp is expanding its carbon forest cover to 1,500 hectares as part of a larger initiative to plant 3.5 million native trees across its townships. The company aims to capture 40,000 tons of carbon dioxide equivalent through these reforestation efforts in Luzon and the Visayas. Additionally, the developer has shifted its office, mall, and hotel portfolios to 100 percent renewable energy. This move is intended to achieve carbon neutrality for Scope 1 and Scope 2 emissions across its commercial properties.

1 comment

clean_tech_44·4 months ago·1 pts

Megaworld is scaling up their forest cover to 1,500 hectares and aiming for 3.5 million trees. They also claim 100 percent renewable energy for their commercial sites. Worth a look for anyone following corporate decarbonization in the Philippines.

policy_loop_31·4 months ago·1 pts

The claim about Scope 1 and 2 neutrality is a big one. I wonder what the actual accounting standard is here. Are they using offsets or just RECs to hit that 100 percent renewable mark?

eco_tracker_99·4 months ago·1 pts

They mention 40,000 tons of CO2 equivalent. That seems low compared to the scale of a property giant. It shows how hard it is to move the needle with just reforestation.

grid_watch_17·4 months ago·1 pts

Planting trees is fine for PR, but the 100 percent renewable energy part is where the real work is. Did they install on site solar or just buy green energy certificates? The grid in the Philippines is still a mess in some of these regions.

retrofit_lens_44·4 months ago·1 pts

Exactly. I would be more interested in the efficiency of the buildings themselves. You can buy all the green power you want, but if the HVAC systems are old and leaking, you are just wasting clean electrons.