Thanks to the use of this sustainable energy source, Banco Popular will reduce its carbon footprint annually by 5,900 tons, equivalent to planting 592,131 trees each year.
SANTO DOMINGO. – The Torre Popular corporate headquarters complex, which houses five business buildings and employs more than 2,565 people, has been operating exclusively on clean photovoltaic energy since the beginning of this year, acquired from the generating company AES Dominicana, Banco Popular Dominicano (BPD) announced yesterday.
With this announcement, made public during the celebration of World Energy Saving Day, which is commemorated every October 21, the bank deepens its efforts to extend sustainability criteria in its business model, in compliance with its commitment to the United Nations Principles for Responsible Banking.
According to the bank's statement, the green energy is produced by one of AES Dominicana's photovoltaic solar parks, which is distributed through the Interconnected Energy System (SENI) under a supply contract, whose average annual provision is 9,300 megawatts.
The contract, which went into full implementation in January 2022, has provided estimated average savings on the electricity bill exceeding $132,576. Furthermore, thanks to the use of this sustainable energy source, Banco Popular will reduce its carbon footprint by 5,900 tons annually, equivalent to planting 592,131 trees each year.
In addition to this photovoltaic supply, the work area and commercial office that make up the Torre Popular have systems that make energy consumption more efficient, such as intelligent control and measurement of temperature and air quality, LED lighting, monitoring of power plants and fuel consumption.
Engineer José Hernández Caamaño, Vice President of Engineering and Maintenance at Popular, highlighted how this initiative adds to other actions that strengthen the company's sustainable vision.
“We are innovators and pioneers in developing a large-scale commitment to clean energy, eco-efficiency and the planet, because this use of green energy in the Torre Popular complex complements the efforts we have been making with our network of photovoltaic offices,” he said.
From AES Dominicana, its commercial director for the electricity segment, Michelle Reyes, emphasized the importance of expanding the use of green energy, because it has a double advantage.
He said they improve business competitiveness through lower costs, and also help reduce the direct and indirect environmental impact of electricity consumption.
About the Tower
The Torre Popular complex, which opened in 1992 and recently celebrated its 30th anniversary, features an architectural design by Pedro Borrell. Its construction was carried out by the Haza & Pellerano company, and the structural design was done by Reginald García.
Its conceptualization is inscribed in postmodern architecture, with brutalist elements, alluding to the door of the Casa del Cordón, former corporate offices.
The mission of the work is to represent an emblem of business development, highlighting its connection with Dominican identity and progress, in addition to being a cardinal point in the city of Santo Domingo since its inauguration.
