The report highlights the Company's focus on decarbonization, with a commitment to a Net-Zero portfolio by 2050. The report details a robust LNG terminal project, completed in 2023, that ensures a long-term natural gas supply for First Gen's existing and potential gas-fired power plants. Additionally, it highlights the Company's significant investment in renewable energy, including the acquisition of the 165-MW Casecnan hydroelectric plant and the expansion of its geothermal portfolio. The report also emphasizes the Company's commitment to ESG principles, including biodiversity conservation efforts through the BINHI program and community outreach initiatives to improve the lives of people in its host communities.
Issuing Company First Gen Corporation
Report Type Integrated Report
Report Language EN
Report Filesize 12.58 MB
No. of Pages 132 pages
Reporting periodJanuary 1-December 31, 2023
Report EditionUnknown
Assurance Provider University of Asia and the Pacific-Center for Social Responsibility (U...
Reporting Standards GRI; G4 Electric Utilities Sector Disclosures; SASB; others
Materiality Assessmenttrue