CREIT: Leading The Charge In Sustainability

Citicore Energy REIT Corporation (CREIT) continues to solidify its position as a trailblazer in sustainability, adding yet another prestigious accolade to its growing list of achievements.

In an era defined by increasing environmental awareness and the urgent need for sustainable development, CREIT stands at the forefront of sustainable finance, setting a benchmark for excellence and innovation in the pursuit of a greener, more sustainable future. I Photos: CREIT

The company recently clinched the coveted Best Green Bond Award during The Asset’s Triple A Sustainable Finance Awards 2024, in recognition of its groundbreaking Php 4.5 billion ASEAN Green Bond offering issued in February 2023.

This latest triumph marks CREIT's second consecutive win at The Asset, following its previous recognition as the Best IPO for the Philippines at The Asset Triple A Country Awards for Sustainable Finance in 2022.

The company's consistent success on the international stage underscores its unwavering commitment to excellence and its pioneering efforts in promoting environmental, social, and governance (ESG) principles within the finance industry.

CREIT Chairman Mr. Edgar Saavedra attributed CREIT's milestone achievement to its status as the first Renewable Energy REIT in the Philippines and the pioneering issuance of ASEAN Green Bonds, highlighting the company's commitment to impact investing and ESG-focused initiatives.

“CREIT made its mark as the first Renewable Energy REIT in the Philippines and the first REIT to issue ASEAN Green Bonds. This recognition proves our success in providing value not only as an alternative REIT asset class but also as a product which emphasizes impact investing and an ESG focus,” explained Saavedra.

Further, Mr. Oliver Tan, President and CEO of CREIT, expressed gratitude for the honor, emphasizing the company's dedication to delivering value to investors while prioritizing its ESG footprint.

“Being recognized once more by a premiere financial information source The Asset is an honor for us, and it fuels our drive to pursue bigger growth for our investors while being cognizant of our ESG footprint,” stated Tan.

Underpinning CREIT's success is its unique green asset portfolio, which operates in a crisis-proof and essential industry, championing the transition towards renewable energy.

The company's strategic utilization of the proceeds from its Green Bond Offering has enabled it to significantly expand its green asset portfolio, exceeding its short-term targets and demonstrating its capacity for sustainable growth.

As the Philippines' first renewable energy real estate investment trust and largest renewable energy landlord, CREIT remains dedicated to leading the renewable energy revolution.

Powered by Citicore Renewable Energy Corporation, CREIT is committed to empowering Filipino communities through the provision of clean, sustainable energy solutions, thereby driving progress towards a First-World Philippines powered by pure renewable energy.

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