Finance Asia names EDC one of the best in CSR. Geothermal leader Energy Development Corporation (EDC) emerged as one of the best in corporate social responsibility (CSR) in Finance Asia’s 12th annual poll on Asia’s best managed companies. The selection of best managed companies is done by 265 investors and analysts across the region. EDC Senior Vice President Agnes de Jesus (third from right) and EDC Board Director Art Valdez (fourth from right) received the award from L-R: Maybank ATR Kim Eng Securities President Lorenzo Roxas, Maybank ATR Kim Eng Capital Partners President Manuel Tordesillas, and Maybank ATR Kim Eng Financial Corp. Chairman Ramon Arnaiz.
Geothermal leader Energy Development Corporation (EDC) is the lone platinum awardee in corporate governance as adjudged by the Institute of Corporate Directors (ICD) for the 2011 Corporate Governance (CG) scorecard. The platinum award is bestowed on publicly-listed companies that have obtained a gold rating or 95 percent and above in the ICD’s CG scorecard for three consecutive years. ICD chair Jesus Estanislao said that “EDC is very well disposed to move beyond compliance into higher levels of CG standards and practices observed globally.” The CG scorecard is an annual exercise by the ICD with the Securities and Exchange Commission (SEC), Philippine Stock Exchange (PSE), the Ateneo de Manila University School of Law, and the Institute of Internal Auditors of the Philippines to evaluate publicly-listed companies in terms of shareholders’ rights, equitable treatment of shareholders, role of stakeholders, disclosure and transparency, and board responsibilities. EDC chairman and CEO Federico Lopez (second from left) received the award together with EDC director Peter Garruccho Jr. (third from left). Photo shows (from left) ICD president Rex Drilon II, Lopez, Garrucho, SEC Chair Teresita Herbosa, and PSE president and CEO Hans Sicat.
Partners for excellent education. Joining the graduates of the Kananga-EDC Institute of Technology are Leyte Provincial Board Member Deborah Bertulfo, Energy Development Corporation (EDC) President and COO Richard Tantoco, KEITECH President Paul Aquino, Kananga Mayor Elmer Codilla and EDC SVP Ernesto Pantangco.
A total of 140 trainees of the Kananga-EDC Institute of Technology (KEITECH) are set to graduate today and fulfill their dream of better lives for their families as well as uphold the institution’s tradition of excellence. Of the 140 graduates, 50 obtained certifications in metals and engineering, 17 in tourism, 25 in pipe fitting, 23 in plumbing and 25 in electrical installation and maintenance.
Armed with the skills and values that they learned in KEITECH after 10.3 months of training and national certifications from the Technical Education and Skills Development Authority (TESDA), KEITECH’s third batch of graduates can now look forward to all the employment opportunities that await them not only in Leyte but even in Cebu, Manila, Batangas, and abroad.
KEITECH, which was established in 2009 as a premiere technical-vocational training center in Kananga, Leyte, has prepared these students for jobs that are currently in demand locally and abroad, namely, construction, metals and engineering, and tourism, health and social services. The institution was established by Energy Development Corporation (EDC), the world’s largest integrated geothermal company and the Municipality of Kananga, host of EDC’s Leyte Geothermal Production Field (LGPF). Since 2010, KEITECH has already produced a total of 378 graduates that include females specializing in welding.
“These graduates are a living proof that when different sectors of society work together for a noble vision, wonderful things can happen. They are the realization of our vision to produce world-class workers possessing superior technical skills with matching values worthy of admiration and emulation. KEITECH is EDC’s way of helping our host communities achieve their dreams and improve their lives,” EDC Chairman Emeritus Oscar M. Lopez said.
Ensuring employment through job placement program
KEITECH’s assistance to its trainees encompasses employment opportunities through its on-the-job training (OJT) and job placement program. The graduates are given access to labor market intelligence reports, online job kiosks, and job fairs, enabling them to map out employment opportunities. The school even assists its graduates in their passport applications for foreign employment.
The institution has signed agreements with several companies which guarantees OJT for the trainees and possible employment after training. Most of these companies which include construction, shipping firms and hotels have renewed their contracts with KEITECH because of the superior performance of the graduates they employed. Those which have renewed contracts are Cebu Marriott Hotel, Cebu Parklane International Hotel, Costabella Tropical Beach Hotel, Primary Structures Corporation, and Colorado Shipyard, Inc.
KEITECH’s aggressive placement program has increased the graduates’ employability. Out of this year’s 140 graduates, 94 or 67% has already secured jobs. The number is expected to increase with the positive reviews of the employers of the first two batches of KEITECH graduates and the addition of more companies providing OJT and jobs. Among the new companies that signed agreements with KEITECH are KEPPEL Philippines Marine, Inc., Metaphil, Quest Hotel and Conferences Center, and Golden Prince Hotel and Suites. Last year, KEITECH logged its highest employment rating when 118 or 98% of its 121 graduates immediately found employment.
“Two of the graduates we hired are very successful and brought some good feedback both from our principal and their co-workers onboard their assigned vessel MV Queen Elizabeth. In fact, they were nominated as “White Star Service” awardees due to exceptional quality work, discipline and dedication to their assigned tasks. We have not received such kind of special recognition on any of our new hires onboard Cunard ships,” Rene Riel, SVP for Operations of Singa Ship Management Phils., attested.
Metaphil Senior Project Manager Alex Garciano echoed Mr. Riel’s assessment of KEITECH graduates. “I applaud KEITECH for producing graduates that are ideal workers for the industry like the Metaphil whose vision is for excellence and productivity. KEITECH graduates are really tailored for our needs; multi-skilled, disciplined, hardworking and are versatile. They are really well-trained and psychologically prepared for the workplace.”
Setting records in national certifications
KEITECH continues to set records in TESDA’s National Certification (NC) with this year’s graduates successfully obtaining a total of 594 NC1 and NC2 on top of scoring a consistent 100% passing rate. With its accomplishments, KEITECH has quickly become the benchmark for other tech-voc training centers in the Philippines. Acknowledging the results, TESDA plans to adopt KEITECH’s values formation program in all its training centers. TESDA assessors who evaluated the facilities, trainees and trainers in all qualifications gave ratings between “very good” and “very excellent.” One assessor even commented that KEITECH is “unbeatable.”
KEITECH’s good track record and contribution to technological-vocational education in the region was formally recognized by TESDA as it conferred a Kabalikat award (Institution Category) to the school in 2010. The award is given to institutions, local government units and industries with best practices that promote or enhance Technical Vocational Education and Training (TVET).
Governor Jericho Petilla lauded EDC for making KEITECH at par or even better than other technical-vocational schools in the country and ensuring that its graduates are thoroughly trained and can immediately land good jobs in various companies.
Making the difference through values formation
Taking off from the prescribed training program of TESDA, the KEITECH curriculum integrated EDC’s recommendations for additional lessons in Math, English, occupational health and safety, and practical exercises. EDC further raised the level of training program by incorporating lessons and practices on discipline and values development in the students’ regimen.
“At KEITECH, we put special emphasis on building the character of our trainees. Our long experience in business and human relations has taught us that skilled or smart people come and go, but the ones who possess integrity, discipline and strong moral character are those who last,” Mr. Lopez stressed.
KEITECH students are trained to be multi-skilled workers, but it is the values and good habits that have proven essential in giving its graduates a distinct advantage in seeking and keeping employment.
Paying it forward
KEITECH’s “pay-it-forward” concept is being practiced by its grateful graduates. The employed graduates of Batch 1 and Batch 2 have already donated P8,900 and P10,500, respectively, to the school to help support the next batch of trainees. While this concept is not compulsory, since all expenses for the school and trainees are shouldered by EDC and the local government of Kananga, the trainees are encouraged to donate whatever amount they can not only to help the trainees but to inspire other to give back and perpetuate the cycle of knowledge and opportunity.
Ilagan, Isabela. — Energy Development Corporation (EDC), the country’s leading producer of geothermal energy, is turning over its 200-hectare reforestation project and nursery facilities to the Department of Environment and Natural Resources (DENR) and the Provincial Government of Isabela, respectively. EDC, upon the request of the provincial government to help rehabilitate the Northern Sierra Madre Natural Park and provide alternative livelihood to bugaderos, established the two projects which directly benefit 280 members of the Villa Gracia Agro-forestry Producers Cooperative (VGAFPC).
Premium indigenous species such as narra, white lauan, tindalo, and kamagong were used for the 200-hectare reforestation project located inside the Northern Sierra Madre Natural Park. The nursery in Brgy. Villa Imelda in Ilagan, meanwhile, boasts of good quality seedlings which can be used for the government’s National Greening Program (NGP). Both projects continue to help VGAFPC members most of whom are former bugaderos, turn away from destructive activities in the forest and engage in environment-friendly and sustainable livelihood. Today VGAFC has networth of more than P4 million.
Aside from the provincial government and DENR, the Provincial Cooperative Development Office is also a partner in this project having trained VGAFPC in project and financial management.
The project is a component of EDC’s landmark greening program BINHI which aims to help restore the country’s forest cover, enhance forest ecosystems, and contribute in rescuing and securing the gene pool of endangered premium Philippine timber species.
“We are happy to have played a significant role in transforming the lives of the bugaderos and for finding new and committed partners in our biodiversity conservation efforts. We have intended BINHI to be a nationwide project to benefit as many communities as possible. Ultimately, BINHI seeks to empower the target publics so they may go the extra green mile individually or collectively,” EDC Chairman Emeritus Oscar Lopez said.
BINHI, launched in December 2008, is the brainchild of Mr. Lopez. It has four major components: tree for the future, tree for life, tree for food, and tree for leisure. The tree for the future component is the flagship program of BINHI. Its aim is to recover the biodiversity of the country by establishing a tree park in every province and in selected cities and schools using prime endangered species. Fifty per cent (50%) of the seeds to be harvested from the planted trees shall then be given back to EDC which will put up a seed bank for future forests. In the future, EDC envisions that the reforestation efforts of the country will use these premium and economically important species.
The tree for life component aims to address the ecological problems of the country by establishing protection forests through assisted natural regeneration (ANR) or rainforestation farming. EDC will target to bridge the forest gaps between important mountain systems in order to avoid fragmentation of habitats of these valuable ecosystems.
The tree for food component aims to hasten re-vegetation of open and denuded forest lands and at the same time provide significant source of livelihood for the farmers living inside EDC’s geothermal reservation areas.
The tree for leisure component is intended to provide recreation, enjoyment and study sites for students, visitors and local communities while preserving the natural beauty and ambiance of the forest’s protection zone.
EDC scores five out of five in this year’s Anvil Awards. Geothermal leader Energy Development Corporation (EDC) bagged Anvil awards for all its five entries in the recently concluded 47th Anvil Awards. EDC won two Anvil Awards of Excellence under the PR Programs category for its Kananga-EDC Institute of Technology (KEITECH), a world-class technical-vocational school established by EDC in Leyte which is the site of its biggest geothermal project and BINHI, a landmark reforestation project that aims to bring back in abundance premium native species. BINHI and KEITECH were both cited by ANVIL Awards judge, former Isabela Governor Grace Padaca, in her keynote address. Under the PR tools category, EDC won two Anvil Awards of Excellence for its Integrated Annual and Sustainability Report entitled “Values @ Work” and for its 2011 wall and desk calendar entitled “Our Pride, Our Heritage.” EDC’s Sustainability Program, meanwhile, received an Anvil Award of Merit. These entries were chosen for their outstanding execution and tremendous benefits to their intended beneficiaries. Receiving the awards are EDC’s Environment and External Relations Sector led by Senior Vice President Agnes C. de Jesus (fourth from right). The other members of the team are (from left to right) Nino Gibe, Tracy Peralta, Reinero Medrano, Marsha Alvarado, Cara Funk, Dave Devilles, Meianne Tejada, Frances Ariola, Toni Nieva and Ivy Henson.