About the Company
First Philippine Holdings Corporation (FPH) is a diverse Filipino conglomerate driven by the purpose of improving peoples’ lives and futures. We aim to build a decarbonized and regenerative world through our investments in key industries, namely energy, real estate, manufacturing, and construction. At FPH, we define responsible investment as the interplay of low-carbon operations, protecting nature’s integrity, social inclusion, and robust economic growth.
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 serve 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
- Social Justice
- 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.
Forging collaborative pathways for a decarbonized and regenerative future.
The Shift in Our Mission
Climate change is a creeping event that we have been monitoring for over a decade. When we released our first FPH Sustainability Report in 2016, our actions involved limiting our greenhouse gas (GHG) emissions in terms of five climate pillars, namely the management of our GHG footprint, energy use, waste generation, water use, and our supply chains. However, with the acceleration of the effects of climate change, we have seen harsher weather, scarcer material supplies, greater social disparity, and heightened demand of consumers for more responsible products and services. As the FPH Chairman assessed, “In these past years, we realized that everything must change. We are living through what will be history’s greatest paradigm shift like the world has never seen before. We no longer have a choice.” Amidst this setting, he saw an opportunity to reexamine and rewrite how our world should work; and resolved that it should start with ourselves leading to the new FPH mission of “Forging collaborative pathways for a decarbonized and regenerative future.”
“Being regenerative is understanding that the only way you can serve yourself is to serve the larger whole because you are not separate from it, you are fundamentally dependent on it.”
Scope of the New FPH Mission
Because of the highly complex and interrelated world we are in, the FPH mission deliberately covers actions beyond the business fence. Thus, the phrase used in the mission is “decarbonized and regenerative path,” together with all the responsibilities it carries. As Daniel Wahl, a proponent of the concept of regeneration, believes, “Being regenerative is understanding that the only way you can serve yourself is to serve the larger whole because you are not separate from it, you are fundamentally dependent on it.” Thus, in FPH, every decision that we make must consider the bigger systems we are nested in — the environment and society. We need to align the company’s resources and capabilities toward a mission that seeks to elevate not just our shareholders but also the broader stakeholders. Lastly, our new mission with aspirations of upgrading the planet and uplifting lives more clearly links our businesses to the global Sustainable Development Goals (SDGs). Our various vital stakeholders are shown in the value creation section here. Meanwhile, our contributions to the SDGs are found here.
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, fun, and that gives people a deep sense of belonging.
Our businesses will become multiple pathways toward a decarbonized and regenerative future.
- In energy, 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.
Our mission and purpose will guide everything we do.