The Lopez Group earned big wins at the recently concluded Asia Sustainability Reporting (ASR) Rating 2018, held by the National Center for Sustainability Reporting (NCSR), in collaboration with the Institute of Certified Sustainability Practitioners (ICSP), in Bandar Lampung, Sumatra, Indonesia. The award was known in previous years as the Sustainability Reporting Awards.
Three Lopez companies brought home recognitions at the ASR 2018. Conglomerate First Philippine Holdings (FPH) was awarded the platinum rank, while its subsidiary, leading clean power company First Gen Corporation, bagged the silver rank. Geothermal leader Energy Development Corporation (EDC) was awarded the gold rank.
The gold and silver ranks are awarded based on GRI Standards, while the platinum rank is awarded based on GRI Standards, disclosure on GHG emissions and energy, the SDG Compass, and as assured by a third party.
“The recognitions awarded to the First Philippine Holdings, First Gen Corporation, and Energy Development Corporation validate the extensive efforts we have been putting into ensuring we have sustainable operations,” FPH Chairman and Chief Executive Officer Federico R. Lopez said. “Climate change is the biggest threat to humanity, and sustainability has been weaved into our business operations, as we do our part in mitigating the effects of climate change.”
The ASR Rating (formerly the Sustainability Reporting Awards) is conferred to companies that have successfully communicated their sustainability performance to stakeholders through sustainability reports.
“Through a sustainability report, we can assess how far a company has contributed to the achievement of the Sustainable Development Goals (SDG),” said Ali Darwin, NCSR Chairman.
FPH has interests in key industries such as energy, property, construction, and energy services. First Gen, an FPH subsidiary, owns and operates 22 power plants across the country with a total of 3,471 megawatts (MW) of capacity, coming from its large and diversified portfolio of clean energy such as geothermal, hydro, wind, solar, and natural gas. EDC is the largest producer of geothermal energy in the country.
The Energy Development Corporation (EDC) is a pioneer in generating 100% clean, renewable, and reliable power as an electricity supplier in the Philippines for over 40 years. With power plants all over Visayas and Mindanao, the company is one of the biggest producers of geothermal energy in Asia and is expanding its reach in the international market, allowing it to offer customers affordable energy rates. EDC also strives to provide the best customer service it can to all its clients by having helpful salespeople and easy to understand contracts. Because of all of this, it is poised to become the premier supplier of electricity for the Philippines’ Green Energy Option Program. EDC takes its mission as a renewable energy provider seriously and goes beyond sustainability by investing in programs that enhance the environment and empower its partner communities, thereby fostering regenerative development. The company has also been working toward being carbon-neutral by improving its energy efficiency, as well as implementing various greening projects to ensure that its mission to provide future generations with a better life remains intact.