SM-backed geothermal firm PGPC marks PH 1st: Adopts nature-impact reporting

The SM Group-led Philippine Geothermal Production Co. (PGPC) is taking a big step in sustainability, becoming the first energy firm in the Philippines to adopt the Taskforce on Nature-related Financial Disclosures (TNFD) framework.

The TNFD system helps companies report how their business affects nature, aiming to shift money flows away from projects that harm the environment and towards nature-friendly investments. 

PGPC will use this framework in its 2025 sustainability report, making it the fourth company in the country, and the first in energy, to do so.

“As a resource provider for clean, renewable, geothermal energy, we at PGPC have always ensured that our operations take into consideration the preservation of our natural ecosystems,” said Jason R. Aguirre, PGPC’s chief financial officer and treasurer.

“Our adoption of the TNFD framework is consistent with PGPC’s dedication to responsible stewardship of natural resources and aligns with our company’s ongoing efforts to build a sustainable energy future for the country. We are proud to be the first energy company in the Philippines to adopt TNFD for our corporate disclosure reports,” he added. 

PGPC operates two geothermal steam fields in Albay, Batangas, and Laguna, producing up to 300 megawatts of clean energy.

It also has plans to explore new sites in Luzon that could add another 300 megawatts of power in the future.  

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