FPH chairman Federico R. LopezThree Lopez Group companies bagged big wins at the Asia Sustainability Reporting (ASR) Rating 2018 in Bandar Lampung, Sumatra, Indonesia.

In a statement, the Lopez Group said three of its companies brought home recognition from the ASR 2018 held by the National Center for Sustainability Reporting in collaboration with the Institute of Certified Sustainability Practitioners.

First Philippine Holdings Corporation (FPH) was awarded the platinum rank, while its subsidiary First Gen Corporation bagged the silver rank. Meanwhile, Energy Development Corporation was awarded with a gold rank, the statement said.

The ASR Rating is conferred on companies that have successfully communicated their sustainability performance to stakeholders through sustainability reports.

“The recognition 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,” he added. (Excerpted from news. abs-cbn.com)