Filinvest Development Corporation Sustainability Profile
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 36 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Filinvest Development Corporation's reported carbon emissions
In 2024, Filinvest Development Corporation (FDC), headquartered in the Philippines, reported significant carbon emissions, with Scope 1 emissions totalling approximately 2,744,328,000 kg CO2e and Scope 2 emissions at about 138,393,000 kg CO2e. This reflects a notable increase in emissions compared to 2023, where Scope 1 emissions were around 1,751,962,000 kg CO2e and Scope 2 emissions were approximately 279,321,000 kg CO2e. FDC has set ambitious climate commitments, particularly in reducing its carbon footprint through initiatives such as a joint venture with Engie Services Philippines, aimed at enhancing solar energy solutions for industrial and commercial clients. This initiative is part of their near-term targets for both Scope 1 and Scope 2 emissions, with a focus on achieving reductions by 2025. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. FDC's emissions data is cascaded from its corporate family, with the source organization being Filinvest Development Corporation itself, ensuring that the reported figures are reflective of its operational impact. Overall, FDC's commitment to sustainability and carbon reduction is evident, although the recent increase in emissions highlights the ongoing challenges in achieving these targets.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,192,915,000 | 0,000,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 281,021,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000 | - | - | - |
How Carbon Intensive is Filinvest Development Corporation's Industry?
How Carbon Intensive is Filinvest Development Corporation's Location?
Filinvest Development Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Filinvest Development Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
