Capitalists And Money

MCIA to set up green framework

BW FILE PHOTO

THE MACTAN-CEBU International Airport (MCIA) has signed an agreement with Airports Council International (ACI) Asia-Pacific & Middle East to establish a sustainability framework as part of its commitment to reach net zero ambition.

“We aspire to inspire other airports across the Philippines and Asia to follow suit. Together, we can drive sustainable tourism, ensuring that destinations worldwide offer enriching and responsible experiences for generations to come,” Athanasios Titonis, chief executive officer of Mactan-Cebu International Airport, said in a statement on Thursday.

In a media release, MCIA, managed by Aboitiz InfraCapital GMR Megawide Cebu Airport Corp. (Aboitiz InfraCapital GMCAC), said it signed a memorandum of understanding to develop a comprehensive framework on green and sustainable efforts to reach net zero.

Net zero refers to reducing greenhouse gas emissions to as close as zero as possible while offsetting any remaining greenhouse gases in the atmosphere.

The net zero roadmap will include carbon footprint projection, adoption of governance frameworks, and proposals in utilizing greener and sustainable options in areas like fuel consumption, and operations.

The program will also provide capital expenditure guidance on planning, implementation strategies, carbon offsetting measures, while also connecting airports with financial institutions for possible funding.

“As the industry continues to face increasing pressure to minimize its carbon footprint, we recognize that robust action is required to ensure that airports are prepared for a sustainable future. Through our Net Zero Roadmap program, we offer tailored support to airports like Mactan Cebu International, helping them create practical, effective plans,” ACI Asia-Pacific & Middle East Director General Stefano Baronci said. — Ashley Erika O. Jose