First Gen Integrated Report 2019

About The Report


International Integrated Reporting <IR> Framework and GRI Standards


In accordance “Comprehensive”


January 1 to December 31, 2019



The First Gen Corporation (“First Gen”, “the Company”) Integrated Report (IR) provides an overview of the Company’s value creation process by examining our use and impact to the financial, manufactured, intellectual, environmental, human, and social capitals. It presents the Company’s financial, governance, environmental and social strategies and performance from January 1 to December 31, 2019.

It also details the management of First Gen and its a) natural gas power plants in Batangas City; b) hydro power plants in Nueva Ecija and Bukidnon; c) geothermal plants in Leyte, Negros Oriental, Bicol and North Cotabato; d) solar power plants in Ilocos Norte, Iloilo, Leyte, Cebu and Sorsogon; and e) wind power plant in Ilocos Norte on the external factors affecting the Company’s capitals, risks and opportunities, and challenges that led to outcomes and outlook. Refer to the Portfolio of Assets for the complete list of power plants. Complementary to this IR is the First Gen’s microsite ( which details other topics determined as material for the Company.

This report was prepared in line with the principles and content elements of the International Integrated Reporting Framework and in accordance with the GRI Standards: Comprehensive option and the Electric Utilities Sector Disclosures. The framework of First Gen’s IR is coherent with the Sustainability Reporting Guidelines for Publicly Listed Companies approved by the Securities and Exchange Commission (SEC).

Disclosures and data included in this report were consolidated by First Gen’s IR Technical Working Group, reviewed for accuracy and completeness by First Gen’s management, and approved by First Gen’s Board of Directors.

For general inquiries or feedback on this Integrated Report, kindly contact:

Senior Vice President & Chief Risk Officer, First Gen Corporation
[email protected]

Statement of the President

The President is accountable for the integrity and completeness of the IR and any supplementary information, and is assisted by the Management of the Corporation.

The Management of the Corporation has applied its collective mind to the preparation and presentation of the IR and concluded that it is presented in accordance with the International <IR> Framework. Considering the completeness of the material items dealt with and the reliability of information presented, based on the combined assurance process followed, the President approved the 2019 IR on 25 June 2020.

President and Chief Operating Officer