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.
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.
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.
First Philippine Holdings Corporation's score of 17 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
First Philippine Holdings Corporation (FPH), headquartered in the Philippines, has set ambitious climate commitments aimed at reducing its carbon emissions. Although specific emissions data for the most recent year is not available, FPH has outlined significant reduction targets for its Scope 1 and Scope 2 emissions. The company aims to achieve a 25% reduction in Scope 1 emissions from 2021 levels by 2030 and a 30% reduction in Scope 2 emissions over the same timeframe. In addition to these near-term goals, FPH is committed to reaching net zero emissions across all scopes by 2050. This long-term target reflects the company's dedication to sustainability and its proactive approach to addressing climate change. FPH's initiatives demonstrate a clear commitment to reducing its carbon footprint and contributing to global climate goals.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
First Philippine Holdings Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.