For the second time in a row, EDC made it to the Management Association of the Philippines’ elite list of best annual reports and bagged the Best in Visual Design. EDC Vice Chair & CEO Paul Aquino (3rd from left) receives the award from the board of judges: Businessworld President Anthony Cuaycong, MAP President Joey Bermudez, SEC Chair Fe Barin and PSE President & CEO Francis Lim. The finalists were chosen based on a stringent set of criteria: compliance with the reporting rules and regulations and disclosure in the financial statement, provision of information related to corporate governance, and user-friendliness. The Awards aims to encourage publicly-listed companies to raise the bar on financial reporting and disclosure practices to international standards.
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.