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 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 world’s largest vertically integrated geothermal company and the only diversified renewable energy firm in the country. The company has been powering infinite possibilities in Negros Oriental for over 35 years now by harnessing geothermal energy, the only form of RE that can provide sustainable power 24 hours a day, rain or shine, all year round.