PNB Holdings Corp., the real estate arm of LT Group, Inc., is broadening its sustainability and adaptive reuse initiatives across its Metro Manila property portfolio as it works to improve the efficiency and resilience of its commercial assets.

"The shift reduces reliance on fossil fuel-based electricity across two major commercial assets in Metro Manila and adds renewable energy to a growing list of sustainability measures across its portfolio. It also comes amid rising demand for buildings that can deliver stronger environmental performance alongside long-term operational efficiency," the company said in a statement on Thursday.

That demand is being shaped in part by corporate tenants with their own emissions-reduction commitments, for whom a landlord's renewable electricity supply can count toward reducing the carbon footprint of leased space. In the Philippines, commercial and industrial users can source renewable power directly from generators under the government's Green Energy Option Program and retail competition rules, the mechanism behind supply arrangements such as PNB Holdings' partnership with a geothermal producer.

The company's sustainable asset management strategy covers properties including the PNB Financial Center in Pasay City, the PNB Makati Center along Ayala Avenue, and an 8,000-square-meter (sq.m.) property along the Buendia-Paseo de Roxas corridor. Together, these assets form part of a real estate portfolio that PNB Holdings said was recently appraised at P80.9 billion.

As part of its clean energy transition, PNB Holdings has partnered with First Gen Corp. to shift the PNB Financial Center and PNB Makati Center to 100% renewable electricity. Under the partnership, more than five megawatts (MW) of geothermal power from the Tongonan facility in Leyte supplies the electricity requirements of the two Metro Manila commercial assets. Geothermal, a baseload renewable source, provides round-the-clock generation, distinguishing it from solar and wind supplies that vary with weather and time of day.

Energy-efficiency measures have also been integrated into daily operations, the company said. Pumps, elevators, and chillers are scheduled based on real-time occupancy, while core facilities have been upgraded with light-emitting diode (LED) lighting and inverter-type technologies to reduce electricity consumption. Such operational upgrades are among the standard levers building owners use to cut utility costs, which typically rank among the largest operating expenses for Philippine office and commercial properties.

In 2025, PNB Holdings launched EcoStation, a waste recycling program run in partnership with waste management firm Rezbin. The company said the program has diverted more than 32,100 recyclable deposits from landfills by encouraging tenants to segregate waste properly.

The 10-hectare PNB Financial Center in the Bay Area has likewise adopted water-saving measures, including the reuse of treated wastewater for landscape maintenance and other non-potable applications.

"Backed by a strong first-half 2026 performance, the company continues to invest in initiatives aimed at improving the efficiency, resilience, and long-term relevance of its assets," PNB Holdings said.

The sustainability push comes as LT Group reported attributable net income of P9.54 billion in the second quarter, up 23.47% from P7.73 billion a year earlier, on revenue that rose 6.32% to P34.72 billion.

On Thursday, LT Group shares climbed 16 centavos, or 1.06%, to close at P15.26 apiece, while First Gen shares gained 55 centavos, or 2.11%, to finish at P26.60 apiece. — Juliana Chloe A. Gonzales