About the Company

First Philippine Holdings Corporation (FPH) is a diverse Filipino conglomerate driven to improve people’s lives and futures. We aim to build a decarbonized and regenerative world through investments in the key industries of power generation, energy solutions, real estate, construction, and health and education services. At FPH, we define responsible investment as the interplay of low-carbon operations, protecting nature’s integrity, social inclusion, and robust economic growth.

Achieving our purpose will not come at the cost of our revenues, as we believe the two are interconnected. Strong financial performance enables us to invest in both the environment and our people. At the same time, good ESG performance supports our financial success through the backing of customers, communities, and partners, as well as the continued support of our investors.

Through our business segments, we provide a diverse range of products and services catering to different sectors of the economy. Our energy segment, consisting of power generation and energy solutions, produces power for baseload, mid-merit, and peaking needs of the country’s energy grid and the ancillary services and retail market. The energy solutions sub-segment produces transformers for electricity distributors and electric cooperatives and collaborates with their customers to develop more efficient smart grid solutions. Our real estate segment develops infrastructure for residential, commercial, retail, and industrial clientele. Our construction and energy services segment takes on complex infrastructure projects, including utilities, public infrastructure, and private infrastructure. Lastly, our health and education services segment will deliver innovative models to support societal progress.

With our planet facing climate change threats, a concerted effort toward reversing this trend is necessary. FPH’s businesses all work to ensure a decarbonized and regenerative future for all. Our clean and renewable energy portfolio brings us closer to a future independent of coal. In all our businesses, our goal—beyond financial gains—is to uplift the lives of the communities where our businesses operate without compromising the environment.

The Lopez Credo and Values

We, as employees of the Lopez group of companies, believe that our primary reason for being is to serve God and the Filipino people. 

Thus, we shall always conduct ourselves in a manner that is mindful of the long-term mutual benefit of the Lopez Group and the various publics we serve. 

We will be responsible stewards of all our resources and conscious of our obligation to present and future generations. 

Since 1928, and in the years and generations to follow, our commitment to the distinctive Lopez values will not change as we remain committed to serving our stakeholders. 

In our service to the Filipino people, we will be guided by the following distinct Lopez Values:

A Pioneering Entrepreneurial Spirit

Business Excellence

Unity

Nationalism

Social Justice

Integrity

Concern for Employee Welfare and Wellness

We know from generations of experience that it is by living according to these values that a company can be built to last.

OUR MISSION

To forge collaborative pathways for a decarbonized and regenerative future

OUR CHOSEN PATH

In pursuing this path, we will unlock the potential of diverse talents to create a mission-driven organization that makes work fulfilling and fun and that gives people a deep sense of belonging. 

Our businesses will become multiple pathways toward a decarbonized and regenerative future. 

  • In power generation, we shall lead the transition to a decarbonized energy future.
  • In property, we shall nurture inclusive, well-tempered, and creative spaces that elevate surrounding communities and the environment. 
  • In construction, we shall build infrastructure that creates resilience and enhances the quality of life in a complex, climate-changed world. 
  • In energy solutions, we will enable grid transformation.
  • In health and education services, we will provide strategic interventions that will allow Filipinos to realize their full potential.

Our mission and purpose will guide everything we do.

OUR CHOSEN PATH

Lead the Transition to a Decarbonized Energy System

First Gen Corporation (First Gen) and Energy Development Corporation’s (EDC) leadership in clean, renewable, and low carbon energy

First Philec, Inc.’s (FPI) as a solution’s provider for power distribution

Nurture Inclusive, Well-tempered, and Creative Spaces

Rockwell Land Corporation’s (Rockwell Land) admired models of integrated, walkable, and climate-resilient communities

First Philippine Industrial Park, Inc.’s (FPIP) commitment to improve the standard of living in manufacturing communities

Build Infrastructure that Creates Resilience and Enhances Quality of Life

First Balfour, Inc.’s (First Balfour) and ThermaPrime’s market leadership in high-value, complex construction and geothermal drilling

Deliver Innovative Models for Health and Education Services

Strengthening our commitment to make quality healthcare and education accessible

Organizational Structure

As of December 31, 2023
*FPH purchased shares amounting to an additional 4.93 percent pending
the issuance of the Certificate Authorizing Registration.

Business Environment

Our ability to implement our business strategy for value creation is dependent on the external environment where our businesses are exposed to. This consists of factors which may enable or bar our access to needed resources and our capacity to maintain our relationships with our stakeholders. The table below lists the external factors observed in 2023 and how they influenced the execution of our business strategy. They serve as positive influencers (accelerators) or negative influencers (barriers) to the execution of our strategy.