Manila, Philippines, August 29, 2025—In a strategic move that underscores both sustainability and financial innovation, the International Finance Corporation (IFC) and Ayala Land, Inc. (ALI) are expanding their partnership to scale green and resilient buildings in the Philippines while supporting job creation. IFC is providing a second sustainability-linked loan (SLL) of up to PHP12.87 billion (US$225 million equivalent) to ALI, marking another milestone in sustainable finance in the real estate sector.
The loan will fund the development of Greenbelt 1 in Makati and Ayala Malls Evo City in Cavite, two large-scale commercial projects with an estimated gross leasable area of 89,000 square meters. In addition, IFC will collaborate with ALI to implement the Building Resilience Index (BRI) across 50 commercial and industrial properties, making ALI the first developer in East Asia and the Pacific to embed BRI into its project development process.
This latest agreement builds on IFC’s inaugural sustainability-linked loan to ALI in 2024, which forms part of the company’s broader sustainability-linked financing program.
“IFC is proud to deepen our partnership with Ayala Land as it pushes the frontier for sustainable real estate in the Philippines,” said Amena Arif, IFC Country Manager for the Philippines. “This programmatic approach not only mobilizes financing, but also creates jobs and strengthens resilience in a country prone to extreme weather events.”
The investment is expected to generate over 1,000 direct jobs during construction and operations, while merchant activities in the new properties are projected to employ about 3,000 workers, creating vibrant commercial ecosystems in both districts.
“By embedding sustainability into our projects, we enhance customer experience, protect long-term value for our stakeholders, and set new benchmarks for the industry,” said Meean Dy, President and CEO of ALI. “Our partnership with IFC demonstrates that sustainable financing is not only achievable, it’s scalable. This is a model for how we will fund our growth in the future.”.”
The loan is linked to ALI’s achievement of specific sustainability performance targets, including reducing greenhouse gas emissions by 42 percent across its commercial leasing portfolio by 2030, and the EDGE Zero Carbon certification of 1.5 million square meters of office space by the end of 2025.
By leveraging IFC’s BRI and EDGE certification tools, ALI aims to address both climate mitigation and adaptation— positioning itself as the developer with the most significant EDGE Zero Carbon-certified and BRI-rated portfolio globally. The partnership reinforces IFC and ALI’s joint commitment to shaping a more sustainable and climate-resilient built environment in the Philippines.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
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About ALI
Ayala Land, Inc. is the Philippines’ leading and largest property developer, with over 12,000 hectares of land and 53 estates nationwide. Its diverse portfolio spans residential, commercial, office, industrial, and hospitality developments. In 2025, Ayala Land was recognized by TIME Magazine as one of the World’s Most Sustainable Companies, the only Philippine real estate firm on the list—affirming its longstanding commitment to sustainability, renewable energy, green-certified buildings, and net-zero goals.
Building on the success of the Makati Central Business District (MCBD), Ayala Alabang, Cebu Park District, Bonifacio Global City (BGC), and Nuvali, Ayala Land adheres to globally recognized sustainability standards and practices. Inspired by its vision of “enhancing land and enriching lives for more Filipinos,” Ayala Land is committed to delivering high-quality products and services that generate long-term value for all stakeholders. For more information, visit www.ayalaland.com
About Building Resilience Index
An innovation of IFC, Building Resilience Index is a web-based hazard mapping and resilience assessment framework that evaluates location-specific, climate-related risks for a real estate project or portfolio, and the resilience measures that have been implemented. The first of its kind in the world, Building Resilience Index makes it easy for various stakeholders, including developers, locators, homebuyers, financial institutions, investors, insurers, and governments to assess, improve, and communicate the resilience of buildings. For more information, visit www.resilienceindex.org/
Contacts
IFC
ALI
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