Net Zero Carbon Alliance expands network

The Net Zero Carbon Alliance (NZCA), a pioneering consortium of Philippine enterprises aiming for carbon neutrality as a transition to net-zero carbon emissions by 2050, marked its second anniversary this year with the addition of nine new partners in its network.

The British Standards Institution, CEMEX Holdings Philippines, ECC International, EV Mobility Ventures, First Philippine Industrial Park, Holcim Philippines, Mondelez Philippines, Monde Nissin Corporation and People360 Consulting Group signed a pledge of commitment to carbon neutrality at the annual NZCA conference held recently in Ortigas Center, Pasig City.

“Over the past year, we have received interest from numerous organizations and companies to be part of NZCA—a strong indication that many businesses are now aware of the need to step up their decarbonization programs,” said Jerome H. Cainglet, president and chief operating officer of First-Gen owned renewable energy leader Energy Development Corporation (EDC), which first initiated NZCA in 2021.

This year’s meet, with the theme “Zeroing in on Net-Zero: From Corporate Pledges to Action”, was organized by EDC in partnership with Eco-Business, Asia Pacific’s largest media and business intelligence organization dedicated to sustainable development and ESG (environmental, social and governance) performance.

Close to 200 delegates from 69 companies participated in plenary sessions with industry experts and representatives from NZCA member-companies on best practices in climate action, as well as existing and emerging solutions to accelerate the Philippines’ private sector net-zero journey.

These included carbon capture technology, green investments and financing, continuing government legislation and incentivization, and greening the supply value chain. The consortium also strengthened its call for vigilance against greenwashing and urged the private sector to increasingly implement measurement, reporting and verification (MRV) in climate change mitigation efforts.

“Intent is not enough. Impact is what we are after. We’ve already seen the outcome first-hand in carbon markets and ESG frameworks, where investigation after investigation revealed the gap between intention and reality. Sound data must sit at the heart of all net-zero action,” said Laure Beaufils, British Ambassador to the Philippines and Palau, in her opening keynote.

NZCA’s current list of partners include: ARTHALAND, Converge ICT Solutions, Drink sustainability communications, Ecolab, First Balfour, Knowles Electronics, INAEC Aviation, Menarco Development Corporation, Silliman University, SGV & Co, Unilever Philippines. This year, NZCA also enlisted Eco-Business and Ako Ang Bukas multi-sectoral environmental movement of the Green Convergence coalition as Enabler Partners. ###