- Market risk & competition risk due to expiring contracts
- Political & regulatory risk due to geopolitical events and regulatory delays
- Climate risk & exposure to natural catastrophes
- Fuel supply risk due to Malampaya depletion and steam supply challenges
- Infrastructure risk due to transmission network capacity and dependability
- Cybersecurity risk due to modernization and interconnection of assets
- Financial risk due to increased interest rates and foreign exchange volatility
FIRST GEN CORPORATION
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, FIRST GEN CORPORATION disclosed greenhouse gas emissions of 12.4M tCO2e/year (2023). By scope: Scope 1: 5.4M tCO2e/year (2023); Scope 2: 5.9M tCO2e/year (2023); Scope 3: 6.6M tCO2e/year (2023). 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
12.4M tCO2e/year (2023)
2023
Water Usage
2.6M ML/year (2023)
2023
Waste
1.6K tons/year (2023)
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). | 5.4M tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.9M tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.6M tCO2e/year (2023) |
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 | 12.4M tCO2e/year (2023) |
| 2016 | 20.4M tCO2e/year (Scope 123) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Avoided 10,740,303.6 tCO2e greenhouse gas emissions vs. coal
- Reduced residual waste by 11.26%
- Reduced fugitive methane emissions by 97.58% from 2019 baseline
- Completed construction and commissioning of LNG regasification terminal
- 1,739,824.0tCO2e carbon sequestered from natural forests in geothermal reservations
- 10,140 hectares of forest reforested
- 127,608 hectares of natural forest protected in geothermal reservations
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
- Reduce waste generation
- Grow portfolio to 13GW by 2030 (with increased renewable energy share)
📅 Medium-term
- Decrease portfolio carbon intensity
- Expand share of renewables in portfolio
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeEnergy SecurityRenewable EnergyBiodiversityCommunity DevelopmentEmployee Well-beingCorporate Governance