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.
+3 vs industry average
First Gen’s score of 35 is higher than 54% 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 increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
First Gen's reported carbon emissions
In 2023, First Gen Corporation reported total carbon emissions of approximately 12.4 billion kg CO2e. This figure includes Scope 1 emissions of about 6.97 billion kg CO2e, Scope 2 emissions of approximately 8.6 million kg CO2e, and Scope 3 emissions of around 5.41 billion kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 30% from a 2020 baseline by 2030. Additionally, the Philippines' Nationally Determined Contribution (NDC) outlines a conditional target to reduce greenhouse gas emissions by 75% 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 is responsible for the overall climate strategy and reporting. The company has demonstrated a commitment to improving its emissions intensity, achieving a 3% reduction in emissions intensity from 2017 to 2018. As part of its ongoing efforts, First Gen continues to focus on enhancing sustainability practices and reducing its carbon footprint in alignment with global climate goals.
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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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