First Gen Integrated Report 2025
About the Report

Executive
Summary

At First Gen, every investment decision is guided by a clear strategic intent—ensuring both financial and non-financial priorities align with our long-term vision of a more resilient, renewable energy future. We remain focused on unlocking growth opportunities, optimizing existing assets, and strengthening operational performance, all in support of our decarbonization and regeneration commitments. These efforts are reflected in the meaningful progress and key milestones we achieved in 2025.

 

2025 Highlights

Financial Capital * In USD thousands except per share data

For more details, refer to the Financial Capital section.

Manufactured Capital

For more details, refer to the Manufactured Capital section.

Natural Capital

For more details, refer to the Natural Capital section.

Human Capital

New Policy Promoting Wellbeing and Human Rights of Employees

  • Family Welfare Program (FWP) Policy - Aims to provide comprehensive support and resources for employees and their families. Supports employees across ten dimensions defined by the Department of Labor and Employment.


Power Group Culture

  • Our internal newsletters featured “BESTie” stories, which are articles contributed by employees to recount how they experienced B.E.S.T. through their peers. Powered By Good VIBES (“Vibes”) and Power Up internal newsletters helped reinforce ways of working anchored onto B.E.S.T. to achieve strategic goals and capability-driven strategies. Vibes also put the spotlight on a number of leaders across the company showcasing their B.E.S.T. practices and behaviors. 


Diversity, Equity, and Inclusion (DE&I)

  • Workday HRIS demographics were updated to improve inclusivity and compliance by making “Sex at Birth” mandatory, adding optional fields for “Gender Identity” and “Disability” for voluntary self-identification, and removing prefixes (Mr., Ms., Mrs.) from auto-generated letters to promote gender-inclusive language.
  • Established the first Employee Resource Group (ERG), “Women’s Circle” which aims to provide a safe, structured space for women and allies to connect, support, and empower one another professionally.


Committee on Decorum and Investigation (CODI)

  • Created the new 2025–2027 CODI across all locations.


Emergency Contact (EC) and Next of Kin (NOK)

  • Ensured that critical employee information is readily available in Workday HRIS during emergencies, enabling faster response and better support for employees and their families.


Recognized with Four OSH awards

  • Received from safety organizations as a testament to our strong commitment to workplace safety and health, employee well-being, and compliance with Occupational Safety and Health (OSH) standards.


Implementation of the Life Saving Rules (LSR)

  • Development and roll-out of the LSR Policy to guide and remind employees of the actions to be taken to protect themselves from  injuries and fatalities at work.

 

For more details, refer to the Human Capital section.

Intellectual Capital

For more details, refer to the Intellectual Capital section.

Social and Relationship Capital

For more details, refer to the Social and Relationship Capital section.