Filinvest Development Corporation
Filinvest Development Corporation (FDC), a prominent player in the Philippines, is headquartered in Makati City. Established in 1955, FDC has evolved into a diversified conglomerate, primarily operating in real estate, banking, hospitality, and power generation. The company is renowned for its innovative residential developments and commercial properties, which cater to a wide range of market segments. With a strong presence in key regions across the Philippines, FDC has achieved significant milestones, including the successful launch of various mixed-use developments and the expansion of its banking services through Filinvest Bank. The corporation's commitment to sustainability and community development sets it apart in the industry, solidifying its market position as a leader in integrated property solutions and financial services.
DitchCarbon Score
How does Filinvest Development Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Filinvest Development Corporation's score of 27 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Filinvest Development Corporation's reported carbon emissions
In 2022, Filinvest Development Corporation reported total carbon emissions of approximately 15,000,000 kg CO2e, comprising 9,053,000 kg CO2e from Scope 1, 7,719,000 kg CO2e from Scope 2, and 6,270,000 kg CO2e from Scope 3. The previous year, 2021, saw emissions of about 14,000,000 kg CO2e, with Scope 1 emissions at 6,348,000 kg CO2e, Scope 2 at 7,587,000 kg CO2e, and Scope 3 at 7,793,000 kg CO2e. In 2020, the corporation's emissions were significantly higher, totalling around 116,000,000 kg CO2e, with Scope 1 at 2,716,000 kg CO2e and Scope 2 at 110,860,000 kg CO2e. Despite these figures, Filinvest has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) commitments suggests that while the company is aware of its emissions, it has yet to establish formalised strategies for significant reductions. The corporation's focus on sustainability is evident, but further transparency regarding its climate commitments would enhance its environmental accountability.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 2,716,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 110,860,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 8,839,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Filinvest Development Corporation is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
