Alternergy held a bell-ringing ceremony today at the Philippine Stock Exchange (PSE) to mark its certification as the country’s first Green Equity Label issuer, expanding on earlier announcements with additional compliance details and updates to its renewable energy pipeline. The event was organized with officials from the Securities and Exchange Commission and the PSE.

Company president Gerry P. Magbanua said the certification bolsters Alternergy’s credibility with sustainability-focused investors as it prepares future fundraising. “The Green Equity Label helps companies like us in the real world as a renewable energy developer who will be coming back to the equities market through a follow-on offering,” he said.

The Green Equity Label is issued under SEC Memorandum Circular No. 13, which sets the criteria for PSE-listed companies, such as minimum revenue thresholds, limits on fossil-fuel exposure, and compliance with the Sustainable Finance Taxonomy Guidelines. 

Accounting firm SyCip Gorres Velayo & Co. (SGV) conducted an external review and verified that more than 90% of Alternergy’s operating and capital expenditures qualify as green activities.

During the event, Magbanua also shared project updates. He noted that four ongoing developments totaling 225 megawatts are in advanced stages of construction and are scheduled for completion between late 2025 and the first half of 2026. An additional 450 MW under the Green Energy Auction 4 has also been awarded, further expanding the company’s mid-term pipeline.

PSE President and CEO Ramon S. Monzon encouraged more listed companies to pursue similar certification, saying, “We are proud to support this initiative as it raises the bar for sustainability and transparency.” Legal, underwriting, and financing partners joined Alternergy at the ceremony.

With Alternergy formalizing its certification and reporting progress across its project lineup, how might the Green Equity Label support both company growth and broader sustainability standards in the local market?

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