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 33 is higher than 60% 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) reported total carbon emissions of approximately 2,744,328,000 kg CO2e for Scope 1 and about 138,393,000 kg CO2e for Scope 2. This marks a significant increase in emissions compared to 2023, where Scope 1 emissions were about 1,751,962,000 kg CO2e and Scope 2 emissions were approximately 279,321,000 kg CO2e. FDC has set ambitious near-term climate commitments aimed at reducing its carbon footprint. Specifically, the company is focusing on its power generation sector through a joint venture established in 2018 with Engie Services Philippines, which aims to provide solar energy solutions to large industrial and commercial customers across the Philippines. This initiative is part of their strategy to achieve reductions in both Scope 1 and Scope 2 emissions by 2025. The emissions data for FDC is cascaded from its corporate family, with the source organization being Filinvest Development Corporation itself. The company has not disclosed any Scope 3 emissions data, which indicates a potential area for future reporting and improvement. Overall, FDC's commitment to renewable energy and its ongoing initiatives reflect a proactive approach to addressing climate change, although the recent increase in emissions highlights the challenges faced in achieving these targets.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 4,448,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 156,343,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 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 participating in any of the initiatives that 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.
