Lopez Holdings Corporation Sustainability Profile
Lopez Holdings Corporation, a prominent player in the Philippines, is headquartered in Quezon City, PH. Established in 1934, the company has evolved into a diversified conglomerate with significant interests in media, telecommunications, and renewable energy. Notably, it operates through subsidiaries such as ABS-CBN Corporation, a leading media and entertainment entity, and First Philippine Holdings Corporation, which focuses on power generation and infrastructure. With a commitment to innovation and sustainability, Lopez Holdings has made strides in the renewable energy sector, positioning itself as a leader in clean energy solutions. The company’s unique blend of traditional and modern business practices has garnered recognition, solidifying its market position as a key contributor to the Philippine economy. Through strategic investments and a focus on corporate social responsibility, Lopez Holdings continues to shape the future of various industries in the region.
DitchCarbon Score
How does Lopez 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 Biomass Electricity 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
Lopez Holdings Corporation's score of 20 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lopez Holdings Corporation's reported carbon emissions
In 2021, Lopez Holdings Corporation reported zero emissions for both Scope 1 and Scope 2, with no data available for Scope 3 emissions. This indicates a potential focus on indirect emissions, as the company has not disclosed any upstream or downstream emissions categories. Looking ahead, Lopez Holdings has set ambitious reduction targets: a 25% reduction in Scope 1 emissions from 2021 levels by 2030 and a 30% reduction in Scope 2 emissions by the same year. Additionally, the corporation is committed to achieving net zero emissions across all scopes by 2050. These commitments reflect a proactive approach to climate action, aligning with industry standards for sustainability and emissions reduction. The emissions data and reduction initiatives are not cascaded from any parent organization, indicating that Lopez Holdings is independently managing its climate commitments.
How Carbon Intensive is Lopez Holdings Corporation's Industry?
How Carbon Intensive is Lopez Holdings Corporation's Location?
Lopez 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.
Lopez 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.
