20 May 2024

This marks its first green loan secured from a local financial institution, and is the company's second green loan in total.

Like its first green loan, the loan proceeds are earmarked for the nationwide expansion of its fibre footprint, which will not only narrow the country's digital divide but also ensure a fast and reliable internet experience facilitated by an energy-efficient network.

"PLDT's active participation in the growing domestic market of sustainable finance is a demonstration of our adherence to global best practices in pursuit of sustainable profitability," said the chief risk management officer at PLDT. "We are encouraged by the financial community's support of the Bangko Sentral ng Pilipinas’ advocacy for sustainable financing as we continue to explore various ways to green our operations. Our partnership with Metrobank reinforces our commitment to broaden our sustainable financing portfolio."

Fiber-optic technology is integral to PLDT’s energy-efficient network, consuming significantly less energy than traditional copper-based infrastructure and requiring less power for data transmission over long distances while maintaining minimal degradation.

The PLDT Group's decarbonisation roadmap aims to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 40% by 2030, coming from a 2019 baseline. As of end March 2024, the group has over 1.1 million cable kilometres of fibre infrastructure, consisting of over 0.2 million cable kilometres of international fibre and over 0.9 million cable kilometres of domestic fibre.