CSR Asia Weekly, a publication distributed in the Asia-Pacific Region, ranked Energy Development Corporation (EDC) first in the Philippines and no. 6 in Asia Pacific among companies that Corporate Social Responsibility professionals admire.
The result was culled from a survey conducted among 500 CSR managers, consultants and NGO professionals by CSR Asia, one of the leading providers of research, training and advisory services on sustainable business practices in Asia.
According to the published report, EDC, a new entry in the list of outstanding companies doing sustainable CSR work, was given a thumbs up for programs they have implemented that seek to improve the lives of the people and protection of the environment.
Apart from being a global diversified renewable power company, EDC’s Health, Education, Livelihood, and Environment (HELEn) program has been recognized countless times for its success and sustainability. More recently, environmentalists and Department of Environment and Natural Resources Secretary Regina Paz O. Lopez lauded the company for identifying and rescuing all of its 96 flagship premium, endangered native tree species under its BINHI Tree for the Future program.
“In many ways the result of this exercise is no surprise. These companies are communicating their sustainability efforts and consistently score well in sustainability rankings,” CSR Weekly said in its report.
“We know that sustainability is recognized as an important part of many businesses, the extent to which companies are really operationalizing the concept still varies significantly. For some, sustainability is at the heart of its business strategy and is considered in all decisions and it sits on top of its list. However, for many, social and environmental issues are simply an add-on to business as usual,” the report added.
EDC is the country’s leading producer of geothermal energy and a multi-awarded Filipino company in the areas of geothermal development, environmental excellence, corporate governance and corporate social responsibility.
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.