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2020 Integrated Report

2020 Integrated Report

OUR INTEGRATED

REPORT

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About First Gen's EDC’s Integrated Report

As the country’s largest vertically integrated geothermal company, we maintain our leadership in the Philippine renewable energy industry with our portfolio of geothermal, hydropower, solar, and wind power assets.
Our growth agenda is anchored on the acquisition of key government geothermal privatization projects, the development of existing geothermal capacity, diversification of our renewable energy portfolio, and the establishment of viable operations in Asia, Latin America, and Africa.
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Message From Our Executives

“Our updated mission statement is a short yet powerful phrase that’s now at the center of everything we do.”

Federico R. Lopez

President and CEO

“We need to reimagine our business to become regenerative. To do this, we must challenge ourselves to rethink what we do, and consider how and why we do things.”

Richard B. Tantoco

President and COO
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First Gen's EDC’s Commitment and Performance

We give our customers the option to choose a regenerative path by powering their businesses with clean, renewable, and affordable energy that they can rely on 24/7. Aside from future-proofing our operations, we’ve chosen to elevate everything we touch. Learn more about our commitment and sustainability performance.

First Gen's EDC's Commitment
Sustainability Performance
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Why Choose Geothermal?

Geothermal energy is known as the holy grail of renewable energy since it is the only form of RE that can provide baseload power. It is renewable, reliable, and can provide 24/7 uninterrupted clean power to keep our businesses running, support basic services for every Filipino, and boost our country’s growth.

Geo 24/7 is about geothermal leader First Gen’s Energy Development Corporation (EDC) and how it powers infinite possibilities.

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Our 2020 Integrated Report

Our Integrated Report tells the story of our efforts to achieve our business objectives, hand-in-hand with our sustainability aspirations.
View the full integrated report
Reporting Framework: GRI Standards and Framework 

In Accordance Option: In Accordance – Comprehensive

Reporting Period: January 1, 2020-December 31, 2020 

Reporting Cycle: Annual 

Reporting Scope: Philippine operations, unless otherwise stated 

 

For over 10 years now, EDC has reported using the guidance provided by the GRI Standards to discuss and present its material topics. In addition to reporting according to the IR Framework, EDC also uses the GRI Standards in appreciation of its clear structure and comparability of relevant disclosures. This report has been prepared in accordance with the GRI Standards: Comprehensive option.

Our shift to integrated reporting demonstrates our holistic approach to our business—one that carefully considers the capitals at our disposal and the strategies through which we can manage, develop, and transform these capitals to continue creating and sharing value with our different stakeholders. As such, this report contains details on EDC’s strategy ,governance, and management of the capitals at our disposal, namely:

 

Financial capital

Manufactured capital

Human capital

Social and relationship capital

Intellectual capital

Natural capital

 

To further enhance our report, EDC also continues to align its disclosures with the Global Reporting Initiative (GRI) Standards, a comprehensive framework for sustainability reporting adopted by businesses worldwide.

This report covers the period from January 1 to December 31, 2020.