Two Lopez Group companies—First Gen Corp. and Energy Development Corp.—have been included in the latest list of the world’s top 200 biggest and greenest companies, recognizing their efforts as a green company.
The prestigious list, called the Carbon Clean 200, ranks companies according to the size of their revenues from clean energy sources.
“Being the only Philippine companies on the list is a strong recognition of our commitment to not invest in coal and to make RE [renewable energy] more accessible to the Filipinos to help drive a low-carbon economy for the country,” said First Gen and EDC chairman and chief executive officer Federico Lopez in a statement.
First Gen ranked 113rd with estimated clean energy revenues of $632 million in 2017,l while EDC occupied the 139th slot with estimated clean energy revenues of $494.72 million.
The latest ranking covering the third quarter of 2018 marked the third time for EDC, and the first time for First Gen, to make it to the Carbon Clean 200.