Energy Development Corporation President and Chief Operation Officer Richard Tantoco was recognized as one of this year’s ESG, Diversity, and Climate Trailblazers in Governance, Risk, Compliance (GRC) company Diligent’s 2022 Modern Governance 100 honorees.
The award acknowledges GRC and Environment, Social, and Governance (ESG) professionals worldwide who make positive contributions to their industry and communities.
Now in its fourth year, the awards have since grown across five categories for nominations, showing the span of responsibilities including audit and analytics, boards and governance, compliance and business ethics, ESG and diversity practices, and risk and strategy.
Tantoco was chosen for his outstanding work in putting initiatives in place to measure and report on ESG in a meaningful way, helping organizations to do better and holding them to account to stakeholders, communities, and the planet. He is responsible for initiatives that foster better ESG, having pioneered corporate sustainability reporting in the country.
EDC’s Integrated Report focuses on its different capitals, stories, and the systematic approach taken in its activities and operations. Voluntarily releasing its ESG performance each year enables EDC to maintain its transparency and accountability to its stakeholders and report on how the company’s actions create value and positive impact for all.
This is achieved through environmental and social programs implemented in all EDC facilities to enhance the ecosystem and uplift the lives of its stakeholders and communities, acknowledging that the business only grows when the society and environment wherein they operate also thrive.
In the Philippines, only three individuals have been recognized in this category: Tantoco and University of Asia and the Pacific’s Center for Social Responsibility Chair, Prof. Colin L. Hubo, this year, and First Philippine Holdings’ (FPH) Chief Sustainability Officer Agnes C. de Jesus last year. See the full list of winners here.
Both EDC and FPH are part of the Lopez Group of Companies that commit to forge collaborative pathways for a decarbonized and regenerative future.
The call for collaborative efforts is aligned with the United Nations’ Intergovernmental Panel on Climate Change (IPCC)’s assessment and the urgent need to undertake a sustained, rapid, and large-scale reduction in carbon emissions to mitigate the destructive impact of climate change, a feat only achievable through the cooperation of an equal scale.
The path to decarbonizing the Philippines is long and difficult. Still, leaders like Tantoco and companies like EDC are forging the way for others to follow, which shows the role businesses can play in finding growth opportunities while achieving a clean and regenerative future.
The Energy Development Corporation (EDC) is the leading 100% clean, renewable energy company in the Philippines, with over 40 years of experience in geothermal technology. With power plants situated across the country, EDC is the world’s largest vertically integrated geothermal company. The company also strives to provide the best customer and value-adding services to all its customers. To learn more about lowering your business’ carbon footprint by shifting to renewable energy, visit Energy Development Corporation’s official website or email [email protected]