The future has, indeed, taken root for geothermal leader Energy Development Corporation (EDC) whose BINHI greening legacy program has won the best corporate social responsibility (CSR) project in environment at the League of Corporate Foundation’s 1st CSR Guild Awards.
BINHI is the first corporate-led forest restoration program that has been bridging forest gaps and bringing back to abundance our threatened Philippine native trees.
“This recognition is a big honor for us because it comes from our peers who have their own laudable CSR programs as well,” said Atty. Allan V. Barcena, head of EDC’s CSR group.
Planting trees and growing them have been an integral part of sustaining the geothermal reservoir in EDC’s geothermal reservation for over 40 years. In 2008, the company launched BINHI to expand the program by using science in planting and rescuing threatened native trees. A total of 96 threatened native tree species have been prioritized for this search and rescue program as their numbers have been dwindling, with some even believed to be extinct.
In 2017, EDC finished locating, collecting these hardwood species and began propagating them in 2018 through its Vegetative Material Reproduction (VMR) technology, which mimics our forest’s natural environment in two automated nurseries located in the company’s geothermal facility in Valencia, Negros Oriental and in Antipolo, Metro Manila. Moreover, around 9,323 hectares of forest land within and surrounding EDC project sites has been rehabilitated. This is equivalent to about 6.4 million seedlings planted all over the country in partnership with 109 farmers associations whose members are incentivized for helping EDC grow and maintain its BINHI areas.
EDC’s BINHI experience shows that, with the right combination of win-win strategies and partnerships, the triple bottom line of environmental, social, and economic transformation is attainable.
Another good example of successful strategic partnerships is the 10 Million Trees in 10 Years for a Greener Negros (10M in 10) project, one of the finalists in the 1st CSR Guild Awards’ Outstanding CSR Collaboration Project category. 10M in 10 is a movement that EDC initiated in 2015 to grow back the forests in Negros Island by planting, growing, and maintaining 10 million trees in 10 years. As of 2018, 10M in 10 has already planted over 6.2 million trees with the help of its 156 stakeholder partners.
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.