Filinvest Development Corporation

Filinvest Development Corporation's reported carbon emissions

Filinvest Development Corporation (FDC) based in the Philippines reported approximately 3.15 billion kg CO2e in Scope 1 and Scope 2 emissions for 2024. This comprised about 2.74 billion kg CO2e from Scope 1 and approximately 138 million kg CO2e from Scope 2. In 2023, FDC's Scope 1 and Scope 2 emissions totalled around 2.03 billion kg CO2e, with Scope 1 accounting for approximately 1.75 billion kg CO2e and Scope 2 for about 279 million kg CO2e. For 2022, FDC reported approximately 2.88 billion kg CO2e in Scope 1 and Scope 2 emissions, with Scope 1 at about 2.76 billion kg CO2e and Scope 2 at approximately 127 million kg CO2e. The company also disclosed Scope 1, 2, and 3 emissions for 2021, totalling around 1.63 billion kg CO2e. This included 6.35 million kg CO2e from Scope 1, 69.59 million kg CO2e from Scope 2, and 7.79 million kg CO2e from Scope 3. FDC has engaged in initiatives to reduce its carbon footprint, notably through FDC Utilities, Inc.'s joint venture with Engie Services Philippines, launched in 2018. This partnership aims to bring solar energy solutions to large industrial and commercial clients across the Philippines, targeting near-term reductions in Scope 1 and Scope 2 emissions. The company has set a target year of 2020 for these initiatives, with a focus on the 2023-2025 timeframe. It is important to note that FDC's emissions data is sourced directly from the organisation, and it has not cascaded data from a parent company.