First Gen Corporation, commonly referred to as First Gen, is a leading player in the Philippine business services sector, specifically within the Other Business Services (74) industry. Headquartered in Quezon City, PH, the company has established a strong operational presence across various regions in the Philippines since its founding in 1998.
First Gen is renowned for its commitment to clean and renewable energy solutions, primarily focusing on natural gas, hydroelectric, and geothermal power generation. This unique portfolio positions the company as a pioneer in sustainable energy, contributing significantly to the Philippines' energy landscape.
With a strong emphasis on innovation and environmental stewardship, First Gen has achieved notable milestones, including the development of the country’s first natural gas power plant. Its market position is further solidified by its dedication to providing reliable energy solutions, making it a trusted partner in the nation’s energy transition.
+3 vs industry average
First Gen’s score of 36 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
First Gen's reported carbon emissions
First Gen, headquartered in the Philippines and operating within the 'Other business services (74)' sector, reported total carbon emissions of approximately 12.38 billion kg CO2e for 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
In 2022, First Gen's total emissions stood at approximately 6.61 billion kg CO2e, comprising approximately 6.61 billion kg CO2e of Scope 1 emissions and approximately 3.15 million kg CO2e of Scope 2 emissions. Scope 3 emissions for 2022 were reported as approximately 4.25 million kg CO2e.
The company's emissions for 2021 were approximately 5.92 billion kg CO2e, with Scope 1 accounting for about 5.92 billion kg CO2e and Scope 2 for approximately 3.06 million kg CO2e. Scope 3 emissions for that year were approximately 3.22 million kg CO2e. In 2019, First Gen's total emissions were approximately 8.62 billion kg CO2e, with Scope 1 emissions around 5.71 billion kg CO2e and Scope 2 emissions at approximately 6.28 million kg CO2e. Scope 3 emissions were approximately 5.21 million kg CO2e. For 2018, Scope 1 emissions were approximately 4.86 billion kg CO2e and Scope 2 emissions were approximately 5.21 million kg CO2e. In 2017, Scope 1 emissions were approximately 4.54 billion kg CO2e and Scope 2 emissions were about 9.07 million kg CO2e. In 2016, total emissions were approximately 4.00 billion kg CO2e, with Scope 1 at about 2.49 billion kg CO2e, Scope 2 at approximately 1.39 billion kg CO2e, and Scope 3 at about 47.40 million kg CO2e.
First Gen has established several climate commitments. The company aims to reduce its Scope 1 emissions by 30% from a 2020 baseline by 2030, and similarly, its Scope 2 emissions by 30% from a 2020 baseline by 2030. Additionally, there is a broader commitment to see emissions peak by 2025, with the aim of reducing Greenhouse Gas (GHG) emissions of carbon dioxide, methane, and nitrous oxides. First Gen also references the Philippines' Nationally Determined Contribution (NDC), which conditionally commits to reducing GHG emissions by 75% by 2030, contingent on climate finance, technologies, and capacity development. In 2018, First Gen observed a 3% decrease in its emissions intensity for both Scope 1 and Scope 2, with an average CO2 emissions intensity of 0.37 tons CO2/MWh.
It is noted that First Gen is a current subsidiary and its data is cascaded from "First Gen Corporation" at cascade level 2.
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First Gen’s Climate Goals (2030 & 2050)
7 goals2030
75% reduction in all scopes
Through the NDC, the country commits to conditionally reducing its GHG emissions by 75 percent by 2030 contingent upon the support of climat…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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First Gen
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