First Gen Sustainability Profile
First Gen Corporation, a leading player in the Philippine energy sector, is headquartered in Quezon City, Philippines. Established in 1998, the company has made significant strides in the renewable energy landscape, focusing on natural gas, geothermal, hydroelectric, and wind power generation. With a commitment to sustainability, First Gen operates major facilities across the country, contributing to the Philippines' energy security and environmental goals. The company is renowned for its innovative approach to energy solutions, particularly its pioneering role in the development of geothermal energy. First Gen's diverse portfolio positions it as a key contributor to the nation’s transition towards cleaner energy sources. Notable achievements include being a top provider of renewable energy in the Philippines, underscoring its market leadership and dedication to a sustainable future.
DitchCarbon Score
How does First Gen'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 Business 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
First Gen's score of 53 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First Gen's reported carbon emissions
In 2023, First Gen Corporation reported total carbon emissions of approximately 12,383,478,980 kg CO2e. This figure includes 6,966,796,290 kg CO2e from Scope 1 emissions, 8,595,020 kg CO2e from Scope 2, and 5,408,087,670 kg CO2e from Scope 3 emissions. The company has demonstrated a commitment to reducing its greenhouse gas emissions, with a target to achieve a 30% reduction in Scope 1 and Scope 2 emissions from a 2020 baseline by 2030. In 2022, First Gen's total emissions were about 6,612,723,400 kg CO2e, with Scope 1 emissions at 6,605,316,670 kg CO2e, Scope 2 at 3,152,580 kg CO2e, and Scope 3 at 4,254,160 kg CO2e. The company has set ambitious goals under the Nationally Determined Contributions (NDC), aiming for a conditional reduction of 75% in GHG emissions by 2030, contingent upon support for climate finance and technology. First Gen's emissions data is cascaded from its parent company, First Gen Corporation, which provides a comprehensive overview of its climate commitments and performance. The company has also reported a decrease in emissions intensity, achieving a 3% reduction from 2017 to 2018, with an average CO2 emissions intensity of 0.37 tonnes CO2/MWh in 2018. Overall, First Gen is actively working towards significant emissions reductions and has established clear targets to enhance its sustainability efforts in the coming years.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,494,600,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,390,200,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 47,400,000 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 |
How Carbon Intensive is First Gen's Industry?
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First Gen'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.
First Gen 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.
