Alternergy receives SEC approval as 1st publicly listed firm with Green Equity Label

• ALTER 1^st publicly listed company on the PSE to receive Green Equity Label from SEC

• Green Equity Label affirms ALTER’s commitment to sustainability as a pure-play renewable power developer

• Help attract sustainability-focused investors for its future equity financing needs

• Renewable power pioneer Alternergy Holdings Corporation (ALTER) announced it has received the Green Equity Label certification from the Securities and Exchange Commission (SEC), becoming the first publicly listed company on the Philippine Stock Exchange to receive this official distinction.  

Under SEC Memorandum Circular No. 13, series of 2025 issued last September, companies listed or preparing to list on the Philippine Stock Exchange (PSE) may apply for the Philippine Green Equity Label if more than 50% of their revenues and more than half of their capital and operating expenses are from or directed toward green activities.

“We are delighted to be the recipient of the Philippine Green Equity Label from the SEC as a publicly listed company. Alternergy is a pure-play renewable energy developer, dedicated exclusively to clean power generation, which directly aligns with the requirements of the SEC certification,” ALTER president Gerry P. Magbanua said. “We commend the SEC for its recent issuance of Green Equity Label Guidelines that aims to usher more sustainability investors and grow the capital market for green initiatives, which ALTER could tap for our future equity financing needs,” he added.

Manny Ocampo, president of Investment & Capital Corporation of the Philippines (ICCP) which advised Alternergy on its 2023 initial public offering (IPO) noted: “Alternergy may well be the first listed Philippine company to obtain a Green Equity Label from the SEC.”

Mr. Magbanua said the Philippine Green Equity Label certification validates the company’s strong commitment to sustainability as it more than surpassed the SEC requirements and such compliance was verified by an external report by accounting firm SyCip Gorres Velayo & Co. (SGV). 

SGV engagement applies the EY Sustainability Assurance Methodology (EY SAM), in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised) and its Philippine counterpart, PSAE 3000 (Revised). 

The report highlights that 100% of ALTER’s revenues come from renewable energy sources and more than 90% of operating expenses and capital expenditures are channeled toward green activities, primarily in wind, solar, run-of-river hydro, and battery energy storage development. ALTER's net-zero Greenhouse Gas (GHG) footprint is achieved through clean energy generation, with annual avoided emissions.

ALTER’s earlier adoption of the Green Finance Framework in 2024 for its debt financing further affirms its commitment to Sustainable Finance Taxonomy Guidelines (SFTG), one of the requirements of Green Equity Label.

“Securing the SEC’s Green Equity Label is more than a regulatory milestone—it is a testament to ALTER’s unwavering commitment to climate action. This recognition affirms that sustainability is not just embedded in our operations—it defines our purpose, our partnerships, and our path forward,” Atty. Ina Arriola, ALTER’s General Counsel and Chief Sustainability Officer, emphasized.

ALTER is a pioneer in renewable power development with a diversified Triple Play portfolio—comprising of projects in wind, run-of-river hydro, solar (including utility-scale, commercial rooftop, and floating solar), and battery energy storage. In June 2022, ALTER made a public commitment to exclusively pursue renewable energy development— formally excluding fossil fuel generation (e.g., coal, fuel oil, and natural gas) and nuclear power.