by INQUIRER.net BrandRoom | Inquirer.net
Sustainability has become a mainstream concept in recent years with companies from various industries adopting it to their core practice. However, not all sustainability measures are equal or can effectively undo decades of damage. One company, however, has been continuously practicing and pioneering sustainable practices for over 40 years.
Filipino company Energy Development Corporation (EDC) is a global and diverse renewable energy company and is the largest 100-percent renewable energy company in the country, operating 1,181 MW of geothermal, 150 MW of wind, 132 MW of hydroelectric power, and 12 MW of solar energies for a total of 1,475 MW of clean and renewable energy. As of 2018, it had generated total energy sales of 8,945.3 GWh while avoiding 7,782,411 tons CO2e (based on EDC’s 0.1 ton CO 2 /MWh intensity).
EDC only invests in low-carbon RE solutions to encourage consumers to make sustainable choices and to ensure that future generations can still enjoy and benefit from their natural heritage.
In its pursuit to lessen the carbon footprint of its business operations, EDC has achieved the status of a carbon negative company and is one of the few companies to have achieved this. A carbon negative entity absorbs more carbon from the atmosphere than it emits. This is achieved by generating green energy like geothermal, improving their energy efficiency, and through greening programs that contribute to greater carbon sequestration.