UnionBank goes renewable

UnionBank became one of the country’s first financial institutions to “go green,” after its headquarters in the Ortigas Central Business District successfully shifted its power source to clean and renewable energy through AboitizPower’s Cleanergy brand.

The Cleanergy Marker, to symbolize the shift was unveiled last Wednesday by UnionBank Chairman and CEO Justo A. Ortiz, AboitizPower President and COO Antonio R. Moraza, and AboitizPower SVP Luis Miguel O. Aboitiz.

“Many of you may be wondering, why are we going renewable? As a bank, we aspire for enduring greatness, and sustainability is an enduring principle if we are to grow, to prosper for a long, long time. The three pillars of our sustainability program are people, planet, and purpose,” Mr. Ortiz said in his speech.

For his part, Mr. Moraza said AboitizPower is proud to be a partner of UnionBank.

“This shows the capability of AboitizPower to meet the needs of our customers. Our portfolio of power plants allows us to tailor-fit solutions for our customers like UnionBank,” he said.

Cleanergy is AboitizPower’s brand for its renewable energy portfolio. The company and its partners generate more than 1,200 MW of clean and renewable energy through its geothermal, hydro and solar power plants all over the country.

The power for UnionBank Plaza will come from AboitizPower’s 420-MW MakBan geothermal power plant in Laguna and Batangas.