First Gen is committed to institutionalizing sustained value creation by embedding comprehensive ESG strategies and initiatives into our core operations. By leveraging our multi-capital base, we have defined the short- and long-term value drivers that align our financial and non-financial performance with our mission of decarbonization and regeneration, ensuring lasting positive impact for the Company and all its stakeholders.
To ensure rigorous accountability, we continue to quantify our capital-specific investments using the financial tracking tool introduced in 2021. The following table provides a comprehensive overview of the resource allocations, processes, and strategic initiatives that both safeguarded our capitals and generated value for First Gen and its stakeholders.
Reflecting a strategic shift toward balanced capital allocation, Manufactured Capital accounted for 61.1 percent of First Gen’s total investments in 2025—a decrease from 87 percent in 2024—as we prioritized the construction of critical infrastructure, equipment procurement and installation, and the continuous maintenance and enhancement of operational facilities to drive long-term value.
Simultaneously, a significant strategic pivot caused Natural Capital investment to rise to 24.6 percent of total allocation—up from 2.6 percent in 2024—driven by a focus on procured material resources, energy efficiency and conservation projects, environmental compliance, and GHG reduction initiatives.
Reflecting a growing commitment to our workforce, investment in Human Capital increased to 11.2 percent of the total capital allocation in 2025, up from 9.2 percent in 2024, focusing on comprehensive value creation through competitive salary and compensation, retirement expenses, occupational health and safety, skills development and capability building, capability-building programs, employee engagements, and medical and mental well-being.
Through optimized resource allocation, investment in Social and Relationship Capital accounted for 1.7 percent of total expenditure—compared to 2.6 percent in 2024— while continuing to fund LGU permits and regulatory requirements, CSR projects, and customer and investor relations, alongside strategic partner collaborations and professional memberships.
Finally, our Intellectual Capital represented 1.4 percent of our investment—an increase from 0.7 percent in 2024—covering essential IT systems, cybersecurity, branding, and the attainment of ISO certifications and other professional accreditations.
First Gen remains dedicated to embedding these capitals into our core operations, ensuring their effectiveness in achieving our mission of decarbonization and regeneration. Through diligent monitoring and efficient utilization, we aim to deliver sustained value creation and preservation for our customers, workforce, communities, investors, regulators, and the environment.