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FAST Logistics Group and Chiongbian Group have selected Jin Navitas Electric Corp. as electricity supplier for key facilities, aiming to reduce power costs while increasing their use of renewable energy under the Retail Aggregation Program
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JNEC will supply six FAST facilities, including its cold chain, cross-docking, container freight, office, and warehouse operations
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Through Jin Navitas Solaris Inc., JNEC will also provide renewable energy to four Chiongbian Group offices
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FAST is targeting a 55% reduction in Scope 1 and Scope 2 emissions by 2030, with 2023 as baseline
FAST Logistics Group and Chiongbian Group have selected Jin Navitas Electric Corp. (JNEC) as their electricity supplier for key facilities, seeking to lower power costs while increasing their use of renewable energy under the Retail Aggregation Program (RAP).
JNEC, the retail electricity supplier of the Joy~Nostalg Group, will provide power to six FAST facilities, including the cold-chain hub in Imus, Cavite; cross-docking and container freight station in Navotas; corporate office in Alabang, Muntinlupa; and warehouses in Meycauayan, Bulacan, and Calamba, Laguna.
Through its renewable energy affiliate Jin Navitas Solaris Inc. (SOLARIS), JNEC will also supply renewable energy to four Chiongbian Group offices in Muntinlupa, Las Piñas, Cavite, and Laguna, FAST Logistics announced.
The companies said the partnership will allow the facilities to access renewable energy while reducing generation costs, demonstrating how the RAP can help businesses secure cleaner and more competitive electricity.
“This partnership reflects our commitment to making our operations more cost-efficient, resilient, and sustainable. We are taking deliberate steps to adopt cleaner and more competitive power solutions that support both our growth and our environmental commitments,” said FAST CEO for logistics Manuel Onrejas Jr.
“As we continue expanding our nationwide logistics network, we are equally committed to reducing our environmental footprint through cleaner energy sources while strengthening the long-term competitiveness of our operations,” Onrejas added.
Sustainable logistics solutions
JNEC president and CEO Jose Alfonso Miras said the company is committed to helping businesses such as FAST manage electricity costs while transitioning to renewable energy.
“At JNEC, we are proud to support FAST’s growth and efforts to reduce electricity costs,” he said, adding that the partnership goes beyond a contractual obligation and presents an opportunity for JNEC to become FAST’s long-term energy partner.
The partnership adds to FAST’s broader sustainability program, including plans to maximize solar power generation from roof spaces across its warehouse network, which covers more than two million square meters nationwide.
READ: FAST Logistics expanding solar-powered warehouse network
FAST was the first Filipino-owned third-party logistics company to commit to achieving Net Zero by 2050 and is a member of the Net Zero Carbon Alliance.
Under its climate roadmap, FAST aims to cut Scope 1 and Scope 2 emissions by 55% by 2030 from its 2023 baseline.
The company recently received the Sustainability and Green Logistics Award at the inaugural SCMAP Supply Chain Philippines Excellence Awards for initiatives and innovations that reduced its carbon footprint and helped customers achieve their environmental, social, and governance goals.
“By investing in cleaner energy and more efficient logistics solutions, FAST is helping build supply chains that are more resilient, more responsible, and better aligned with the sustainability goals of our customers, many of which are multinational companies and Filipino conglomerates,” Onrejas said.
FAST Logistics Group is a provider of end-to-end logistics and supply chain services in the Philippines, including multimodal transportation, warehousing, cross-docking, cold chain, toll manufacturing and other value-added services.
READ: FAST Logistics opens Davao crossdock center for large businesses, SMEs
