First Philippine Holdings Corporation Sustainability Profile
First Philippine Holdings Corporation (FPH) is a leading investment holding company headquartered in the Philippines. Established in 1961, FPH has made significant strides in various sectors, primarily focusing on energy, property development, and manufacturing. With a strong presence in Luzon and other key regions, the company has positioned itself as a pivotal player in the Philippine economy. FPH is renowned for its commitment to sustainable energy solutions, particularly through its subsidiary, First Gen Corporation, which is a major contributor to the country's renewable energy landscape. The company’s diverse portfolio also includes real estate development and construction, showcasing its versatility in meeting market demands. Over the years, FPH has achieved notable milestones, solidifying its reputation as a forward-thinking enterprise dedicated to innovation and sustainability.
DitchCarbon Score
How does First Philippine Holdings 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 Electricity Transmission 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 Philippine Holdings Corporation's score of 20 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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In 2019, First Philippine Holdings Corporation (FPH) reported total carbon emissions of approximately 5,769,936,880 kg CO2e, with the majority, about 5,717,207,260 kg CO2e, classified under Scope 3 emissions, specifically from fuel and energy-related activities. This data reflects the company's significant reliance on energy sources that contribute to its carbon footprint. FPH has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 25% from 2021 levels by 2030 and Scope 2 emissions by 30% from the same baseline. Additionally, the company is committed to achieving net zero emissions across all scopes by 2050. These targets demonstrate FPH's proactive approach to addressing climate change and reducing its environmental impact. The emissions data is cascaded from First Philippine Holdings Corporation as a current subsidiary, indicating a structured approach to sustainability within its corporate family. The company is actively working towards its reduction goals, aligning with industry standards for climate action.
How Carbon Intensive is First Philippine Holdings Corporation's Industry?
How Carbon Intensive is First Philippine Holdings Corporation's Location?
First Philippine Holdings 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.
First Philippine Holdings 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.
