Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Climate-related risks and opportunities
• Procurement Practices
• Resource Management
• Employee Management
• Labor-Management Relations
• Diversity and Equal Opportunity
• Workplace Conditions, Labor Standards, and Human Rights
• Supply Chain Management
• Relationship with Community
• Customer Management
• Data Security

Environmental Achievements

• Reduced energy consumption (( ∆Y 2018 -2019 v 2019- 2020)) 217,288 L
• Reduced energy consumption (( ∆Y 2018 -2019 v 2019- 2020)) 1.5 MW-h
• Reduced water consumption ( ∆Y 2019 -2020 vs 2020- 2021) 5,100 Cubic meters
• Recycled and reused water ( ∆Y 2019 -2020 vs 2020- 2021) 835 Cubic meters
• Minimal impact on solid waste generation, working closely with MENRO in residual waste management.

Social Achievements

• Employment of local workers in both hotel and resorts situated in Friday’s Boracay Resort and Friday’s Puerto Galera Resort
• Safe Man-Hours 7,586 Man-hours
• No work-related injuries, fatalities, or ill-health reported.
• 1 safety drill conducted.

Governance Achievements

• Adopted a Manual on Corporate Governance
• Created four Board committees (Nomination, Compensation and Election; Corporate Governance; Risk Management and Oversight; Audit)
• Complied with SEC requirements for corporate governance trainings.

Climate Goals & Targets

Environmental Challenges

• Intense competition in the hospitality industry
• Decline in tourist arrivals
• High employee turnover rate
• Price volatility of materials used in food production
• Business and political risks in the Philippines
• Capital availability and investor confidence
• Asset vulnerability to damage or impairment
• Potential closure of island due to environmental or governmental issues
• Changes in domestic and international interest rates
• Changes in materials, labor, power rates, and other costs
• Multiple legal proceedings over land ownership
• Changes in laws and regulations affecting the Philippine tourism business
• Government pronouncements to close resorts for rehabilitation
• Deteriorating peace and order situation
• Travel restrictions and their impact on the travel industry
• Covid-19 pandemic causing temporary closures of resorts

Mitigation Strategies

• Adoption of appropriate risk management tools
• Conservative finance and operational controls and policies
• Maintaining a strong brand reputation and premium location
• Exploring new potential sources for materials
• Maintaining low borrowings or zero bank debt
• Safety precautionary measures
• Strict implementation of DENR-EMB mandates
• Purchase of minimal quantity of all maintenance required tools, equipment and chemicals
• Budget allocation to maintain the company’s hotel and resort in good condition during its temporary closure
• Use of stored water in the reservoir relative to the cleaning schedule
• Going Green in terms of using organic cleaning materials
• Enjoining staff on the environmental programs about conservation of eco-tourism sites and natural resources, engaging into a coastal clean-up drives, and other marine related programs lead by the Local DENR Unit
• Proper maintenance scheduling to prevent frequent breakdowns of generators, monitoring of water pipes to prevent cracks or damages.
• Training programs relating to environmental protection for employees and implementing strict compliance of proper waste disposal.
• Proper procedure in isolating positive guests. Strict implementation of health and safety protocols.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• 80% of procurement budget spent on local suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 8 (Decent Work and Economic Growth)
• Goal 11 (Sustainable Cities and Communities)
• Goal 14 (Life Below Water)
• Goal 15 (Life On Land)

FPGI's operations in Muelle Bay contribute to preserving the environment and supporting the local community. FBBR contributes to local employment and economic growth.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Trip Advisor's 2017 Travelers' Choice Award Winner Top 25 Hotels for Romance - Philippines
• Agoda Gold Circle Award Winner for 2017
• Safe Travels Stamp Certificate by the World Travel and Tourism Council (FPGBR)

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Management
• Employee Management
• Supply Chain Management
• Relationship with Community
• Customer Management
• UN Sustainable Development Goals

Environmental Achievements

• Energy reduction (diesel) ((∆Y 2021-2022 v 2022-2023)) 150 L
• Energy reduction (electricity) ((∆Y 2021-2022 v 2022-2023)) 2000 MW-h
• Water consumption (∆Y 20201-2022 vs 2022-2023) 9,000 Cubic meters
• Water recycled and reused (∆Y 2021-2022 vs 2022-2023) 15 Cubic meters
• Total solid waste generated (estimated) 3,000 kg / y
• Reusable (estimated) 0 kg / y
• Recyclable (estimated) 100 kg / y
• Composted (estimated) 1,000 kg / y
• Residuals/Landfilled (estimated) 650 kg / y
• Total volume of water discharges 0 Cubic meters
• Percent of wastewater recycled 100 %

Social Achievements

• Employment of local workers in both hotel and resorts Friday’s Puerto Galera Resort
• No. of safety drills 3 #

Governance Achievements

• Adopted a Manual on Corporate Governance
• Created four Board committees

Climate Goals & Targets

Environmental Challenges

• Significant competitors in the business
• Decline in tourist arrivals
• Significant increase in employees turnover rate
• Price volatility of materials used in food production
• Various business and political risks
• Capital availability and investors’ confidence
• Damages or impairment of assets
• Sudden closure of island
• Changes in domestic and international interest rates
• Changes in materials, labor, power rates and other costs
• Multiple legal proceedings
• Changes in laws and regulations
• Deteriorating peace and order situation
• Travel restrictions

Mitigation Strategies

• Adopt appropriate risk management tools
• Conservative finance and operational controls and policies
• Maintain minimum number employees required for its operations
• Purchase of minimal quantity of all maintenance required tools, equipment and chemicals
• Budget allocation to maintain the company’s hotel and resort in good condition
• Purchase of minimal quantity of all maintenance required tools, equipment and chemicals
• Proper maintenance scheduling to prevent frequent breakdowns of generators, monitoring of water pipes to prevent cracks or damages
• Installation of electrical line to minimize the use of diesel for the generator sets
• Training programs relating to environmental protection for employees and implementing strict compliance of proper waste disposal
• Has established committees to address workplace safety issues and follow the required standards accordingly
• Consultation with legal counsel is always done before performing any activities that will affect employee welfare

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Source locally

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Trip Advisor's 2017 Travelers' Choice Award Winner Top 25 Hotels for Romance - Philippines
• Agoda Gold Circle Award Winner for 2017
• Safe Travels Stamp Certificate by the World Travel and Tourism Council

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced diesel consumption by 61% from 2022-2023 to 2023-2024
• Reduced electricity consumption by 147% from 2022-2023 to 2023-2024
• Increased water recycling and reuse (although specific figures are not provided)
• Implementation of glass bottled water and refillable soap/shampoo dispensers in guest rooms

Social Achievements

• Employment of local workers in both hotel and resorts
• Conduct of 4 safety drills
• Implementation of policies that explicitly disallow violations of labor laws and human rights

Governance Achievements

• Adoption of a Manual on Corporate Governance
• Creation of four Board committees (Nomination, Compensation and Election; Corporate Governance; Risk Management and Oversight; Audit)
• Submission of Integrated Annual Corporate Governance Report to the Securities and Exchange Commission

Climate Goals & Targets

Environmental Challenges

• Intense competition in the hospitality industry
• Decline in tourist arrivals
• High employee turnover rate
• Price volatility of materials used in food production
• Business and political risks in the Philippines
• Capital availability and investor confidence
• Asset damage or impairment due to disasters
• Potential closure of islands due to environmental or governmental issues
• Legal proceedings over land ownership

Mitigation Strategies

• Adoption of appropriate risk management tools
• Conservative finance and operational controls and policies
• Cash assistance for FPGI's electrification
• License Agreement with Radisson Hotels
• Engagement of a local lawyer for land titling
• Plans to establish a new Friday’s in Siargao

Supply Chain Management

Supplier Audits: 80% of procurement budget spent on local suppliers

Responsible Procurement

• Prioritizing local suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: Null

Third-party Assurance: Alas, Oplas & Co., CPAs

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)
• Goal 8 (Decent work and economic growth)
• Goal 11 (Sustainable cities and communities)

Resort operations contribute to local employment, economic growth, and environmental protection within UNESCO protected areas.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Trip Advisor's 2017 Travelers' Choice Award
• Agoda Gold Circle Award 2017
• Safe Travels Stamp Certificate 2022