ETON Properties Philippines, Inc., the real estate arm of Lucio Tan Group (LTG). (EPPI) said it is making changes to its core business.fiCE and commercial development for geothermal energy as part of the company's broader sustainability drive.
The company said in a statement on Monday that Eaton Centris BPO 5 will fiThe first to be switched to geothermal power will be Eton Centris BPOs 1 & 3, Centris Walk (including Walk Extension and Centris Estate), Eaton Cyberpod Corinthian and Eaton Westend Square in December.
The initiative is expected to supply approximately 33 kilowatt-hours of clean energy annually, which the developer says can reduce carbon emissions by more than 21,000 metric tons per year, or the equivalent of removing more than 4,000 vehicles from the road.
The change is part of LTG's partnership with Lopez-led First Gen Corp to accelerate the group's transition to renewable energy. Eaton Properties said it is one of the fiThe group's first units will complete the switch to renewable energy across its portfolio.
“This transformation shows what sustainability looks like in practice. It's about operational discipline, strong governance and long-term value,” said Eaton Properties' chief financial officer.fiCER and main riskfiSer che mutuk.
The move also supports Eaton's Beyond Green ESG strategy, which aligns with LTG's four sustainability pillars – long-term growth, value creation through products and services, good governance and the well-being of employees and communities, it said.
Eaton Properties reported a 24% increase in first-quarter net income to P144 million from P116 million a year earlier.
parents' shares fiRM LT Group, Inc. It fell 0.99% or 14 centavos to P14 on Monday. , Beatriz Marie D. Cruz
