The country’s biggest geothermal company, Energy Development Corporation (EDC), won the Best Sustainability Report Award for its 2014 performance report entitled “Execute and Deliver” in the recently concluded ASEAN Corporate Sustainability Awards held at the Manila Marriot Grand Ballroom Hotel.
EDC bested other companies in the Philippines, Singapore, Malaysia, and India that were shortlisted by the awards committee.
The award was received by Ms. Regina Victoria Pascual, EDC Head of Environment, Safety, and Health Group (center) and Ms. Frances Ariola, EDC Corporate Communications Officer (right).
“Execute and Deliver” is EDC’s 5th integrated sustainability and financial report that follows the Global Reporting Initiative’s (GRI) most widely used sustainability reporting framework in the world. It disclosed not only the company’s record high recurring net income of P9.3 billion but also the company’s economic, environmental, and social performance.
As one of the earliest sustainability reporters and adopters of the GRI in the country, EDC has been measuring and reporting on its environmental and social impacts to its stakeholders for their informed decision since 2010. The company produced the first sustainability report in the Philippines that was validated by the GRI’s head office in Amsterdam in 2011.
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.