LOPEZ-led First Balfour, Inc. said it is exploring measures to adopt in its business operations to help mitigate the effect of climate change.
“Globally, the construction industry is one of the largest consumers of raw materials, and the processing of these materials for use in construction leads to embodied carbon in these materials in large amounts,” First Philippine Holdings Corp. (FPH) Vice-President and Chief Sustainability Officer Agnes C. De Jesus said in a statement.
First Balfour, the engineering and construction arm of (FPH), said that the company is also targeting to partner with its vendors and stakeholders in formulating a collaborative way of decarbonization.
First Balfour Strategic Business Head Vicente de Lima II said that climate change should be addressed through “collaboration with the vendors and subcontractors, government, communities, and even with competitors is most important.”
The engineering and construction firm said it joined pro-environment initiatives aimed to help the country achieve net-zero carbon emissions by 2050.
First Balfour is also targeting to reduce the company’s greenhouse gas emissions by monitoring emissions across its value chain. — Ashley Erika O. Jose