FIRST Gen Corp. has launched its online environment, social and governance (ESG) platform which summarizes the firm’s approach to sustainability.
“By pioneering this effort, we are early adopters of a transparent, comprehensive and real-time platform to share our company-wide ESG commitments. While this summarizes our ESG efforts, we also plan to use this as a tool to benchmark against international best practices,” said Valerie Dy Sun-Lim, the finance vice-president and head of First Gen’s investor relations department.
The company’s ESG profile can be found on its website under the “Investor Relations” tab. The database allows stakeholders to review First Gen’s ESG practices, the firm said in an e-mailed statement on Wednesday. Viewers can download ESG-related reports from the portal.
The Lopez-led company said it partnered up with global investor relations firm Churchgate Partners for the project.
“[First Gen’s] profile succinctly captures the multiple ESG touch points being implemented across the firm, management’s commitment to long-term sustainability and the highly impactful nature of the underlying business as a clean fuel independent power producer,” said Sumir Bhardwaj, chairman of Churchgate Partners.
First Gen holds 3,495 megawatts of installed capacity in its portfolio, which compromises of 19% of the country’s gross generation. It generates power from its natural gas, geothermal, hydro, wind and solar facilities.
It earlier reported a second-quarter attributable net income to its parent firm of $62.50 million, lower by around 8% versus the $67.74 million previously, amid the public health emergency.
Shares of First Gen at the local bourse improved by 1.03% or 30 centavos to finish at P29.30 apiece on Wednesday. — Angelica Y. Yang
