EDC bagged four Anvils for its annual report, energy camp and coffeetable book. EDC Vice Chairman & CEO Paul Aquino (5th from left) received the Bronze Anvil for the annual report. Also in photo from left to right are EDC Corporate Communications Manager Fernando Diaz de Rivera, EDC Corporate Communications Officers Frances Ariola and Dave Devilles, Anvil Awards Chair Ed Alcaraz, Paul Aquino, PRSP President Butch Raquel, Anvil juror Jarius Bondoc, EDC Accounting Deputy Manager Jhunar Abbot, EDC Corporate Communications Deputy Manager Toni Nieva and EDC Corporate Communications Supervisor Jun Dumlao.
Geothermal leader Energy Development Corporation (EDC) received the Bronze Anvil for its 2008 annual report titled “Greenergized.” The Public Relations Society of the Philippines (PRSP) bestowed the highest Anvil for PR tools to “Greenergized” for successfully communicating its sustainable energy brand by highlighting its intrinsic value as a renewable energy company and providing comprehensive information on its triple bottomline performance.
Aside from the Bronze Anvil, EDC also took home Anvils for Energy Camp, its summer project for indigent youths and Voices of the Mountain: The People of Mount Apo Speak, a coffeetable book. The Energy Camp received the Anvil Award of Excellence for successfully creating a fun and alternative learning experience for the youth while the coffeetable book was cited for successfully communicating EDC’s initiatives and accomplishments in enhancing Mount Apo’s biodiversity as well as its contribution to the development of the Indigenous Peoples and host communities.
For the third time in a row, Energy Development Corporation (EDC), the country’s largest producer of geothermal energy, made it to the elite list of corporations that ranked high in corporate governance. EDC is among the gold awardees scoring 95 percent and above in the 2009 corporate governance scorecard, topping its previous year’s silver award. The Institute of Corporate Directors (ICD) in partnership with the Securities and Exchange Commission, Philippine Stock Exchange, Institute of Internal Auditors of the Philippines, Ateneo Law School, and Center for International Private Enterprise conducted the evaluation in order to assess the compliance levels of Philippine corporations. Shown from L-R are ICD Chairman Dr. Jesus Estanislao, EDC Director Vince Perez, EDC Vice Chairman and CEO Paul Aquino, EDC Chairman Oscar Lopez, EDC President & COO Richard Tantoco, SEC Commissioner Manuel Gaite and Ateneo Law School Dean Cesar Villanueva.
The Energy Development Corporation (EDC), the country’s biggest producer of geothermal power, was again recognized by the Institute of Corporate Directors (ICD) with a Gold Award for exemplary corporate governance practices. EDC, led by its President and COO Richard B. Tantoco, received the Gold Award in the 2010 Corporate Governance Scorecard for publicly-listed companies during the awarding ceremonies at the 8th ICD Annual Dinner last May 25, 2011 at the Manila Peninsula Hotel in Makati City.
With EDC’s improved corporate governance policies and activities, the company continued its gold streak for the second consecutive year. EDC’s higher CG Scorecard rating was attributed to its perfect scores in the following areas: Equitable Treatment of Shareholders, Role of Stakeholders and Disclosure and Transparency.
The 2010 CG Scorecard is a project of the Institute of Corporate Directors (ICD) in partnership with the Securities and Exchange Commission, Philippine Stock Exchange, Institute of Internal Auditors of the Philippines, Ateneo Law School, and the Center for International Private Enterprise.