- High inflation and high interest rates.
- Impact of hybrid work setup on office leasing.
- Climate change risks (typhoons, floods, droughts).
- Transition risks associated with shift to decarbonized economy.
- Cybersecurity disruptions.
Filinvest Development Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Filinvest Development Corporation disclosed greenhouse gas emissions of 2.0M tonnes CO2e (total Scope 1 & 2). By scope: Scope 1: 1.8M tonnes CO2e; Scope 2: 279.3K tonnes CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.0M tonnes CO2e (total Scope 1 & 2)
2023
Water Usage
472.6M m3
2023
Waste
256.4K tonnes (total non-hazardous)
2023
Energy Use
1.6M GJ (total RE & non-RE)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.8M tonnes CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 279.3K tonnes CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 2.0M tonnes CO2e (total Scope 1 & 2) |
| 2022 | 1.6M tCO2e (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Filinvest City is the first and only green-certified central business district (CBD) in the Philippines, awarded a LEED Gold Certification for Neighborhood Development.
- Filinvest REIT has secured seven green building certifications under the EDGE standards.
- Mimosa golf course received a certification from the GEO Foundation for Sustainable Golf.
- Significant strides in energy efficiency and renewable energy use in real estate and hospitality operations.
- 215 hectares of carbon forests adopted.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Grow earnings by an average of at least 20 percent annually in the next five years.
📅 Medium-term
- 50:50 ratio between traditional and renewable energy generation capacity by 2033.
- Launch of Grafik hotels.
🔭 Long-term
- 100% renewables in energy portfolio by 2041.
- Net Zero emissions.
🌱 ESG Focus Areas
GreenInclusiveResilient