For the third consecutive year, Energy Development Corporation (EDC), submitted its response to the 2009 Corporate Governance Scorecard last October 15, 2009.
The Corporate Governance Scorecard (CGSC) is a project of the Institute of Corporate Directors (ICD) in collaboration with the Securities and Exchange Commission (SEC), the Philippine Stock Exchange (PSE) and the Ateneo de Manila School of Law. The participants’ self-assessment to the 2009 CGSC will be evaluated via a stringent validation process.
In the past two scorecard submissions, EDC’s significant high ratings were recognized by ICD as among the top CGSC scores among all the publicly-listed companies in the Philippines. With the improvements in the company’s corporate governance policies and practices in the past year, better ratings may not be far behind.
To view the 2009 Corporate Governance Response of the Energy Development Corporation, click here.
The Energy Development Corporation (EDC) is a pioneer in generating 100% clean, renewable, and reliable power as an electricity supplier in the Philippines for over 40 years. With power plants all over Visayas and Mindanao, the company is one of the biggest producers of geothermal energy in Asia and is expanding its reach in the international market, allowing it to offer customers affordable energy rates. EDC also strives to provide the best customer service it can to all its clients by having helpful salespeople and easy to understand contracts. Because of all of this, it is poised to become the premier supplier of electricity for the Philippines’ Green Energy Option Program. EDC takes its mission as a renewable energy provider seriously and goes beyond sustainability by investing in programs that enhance the environment and empower its partner communities, thereby fostering regenerative development. The company has also been working toward being carbon-neutral by improving its energy efficiency, as well as implementing various greening projects to ensure that its mission to provide future generations with a better life remains intact.