Connect with us

Hi, what are you looking for?

News

Holcim Philippines to decarbonize construction, affordable housing 

HOLCIM PHILIPPINES FACEBOOK PAGE

HOLCIM Philippines, Inc. is aiming to decarbonize the construction industry and help make housing more affordable for customers as part of its sustainability efforts.

Holcim Philippines President and Chief Executive Officer Horia Ciprian Adrian said during the recent Net Zero Building and Net Zero Summit Philippines that the construction industry plays an important role in reducing the country’s carbon emissions.

According to Mr. Adrian, building materials contribute 30% of the carbon footprint of structures, which means that it is necessary for the industry to steadily shift towards climate-friendly alternatives.

He disclosed that the company is accelerating its sustainability efforts such as greening operations, expansion of eco-friendly offerings, digitalizing operations, and use of alternative fuels.

“Holcim is committed to providing solutions for building more with fewer materials, new buildings using recycled materials from old structures, and more efficient buildings using smart design and materials. We are excited to work with partners in building greener, smarter, and for all in the Philippines to better contribute to the country’s progress,” Mr. Adrian said.

Meanwhile, Holcim Philippines Chief Sustainability Officer Zoe M. Sibala said that choosing the right cement can help build more affordable houses.

She also stressed the importance of new building materials and modes in constructing affordable houses.

Since 2015, Holcim Philippines has reduced its carbon footprint by 12% by producing more blended cement, using qualified wastes as alternative fuels, and improving the efficiency of operations.

“The company’s carbon footprint reduction program is aligned with the Holcim Group’s net zero direction and the country’s nationally determined contributions. Aside from its initiatives, the company is working with key stakeholders to encourage the consumption of low-carbon products to help reduce the footprint of the built environment,” Holcim Philippines said.

On Monday, shares of Holcim Philippines at the local bourse rose P0.09 or 2.09% to P4.39 apiece. — Revin Mikhael D. Ochave

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

PHILIPPINE STAR/KRIZ JOHN ROSALES THE BANGKO SENTRAL ng Pilipinas (BSP) may consider a smaller 25-basis-point (bp) rate hike or even pause monetary policy tightening...

News

Telecommunications is considered a critical infrastructure under the implementing rules of Republic Act No. 11647, which amends the 85-year-old Public Service Act. — PHILIPPINE...

News

REUTERS THE PHILIPPINE banking sector is ready to withstand possible shocks arising from the recent failure of two midsized banks in the United States,...

News

PHILIPPINE STAR/EDD GUMBAN THE ECONOMY likely expanded by 7.1% in the first quarter, as consumption may have gotten a boost from higher remittances and...

News

MANILA Electric Co. (Meralco) is finalizing supply agreements to partially replace the 670 megawatts (MW) of lost capacity under a terminated contract with SMC...

News

A UNIT of Ayala-led ACEN Corp. opened its solar project’s first 521-megawatt direct current (MWdc) in Australia, which required the installation of about a...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.