Forging Collaborative Pathways for a Decarbonized and Regenerative Future
We commit to help restore the environment we share and create a better future for all FIlipinos.
The whole world is experiencing the effects of climate change.
By 2100, if carbon emissions are not curbed, 74% of the world’s population and 47% of its land area will be exposed to lethal temperatures.
The Energy Development Corporation (EDC), a pioneer and global leader in renewable energy generation, envisions a world powered only by clean energy. Taking direction from the Lopez Group Credo that maintains growth is possible through responsible stewardship, EDC calls on the energy sector to make the necessary shift to clean and low-carbon sources. We must work together to control carbon emissions and build a more sustainable world for all.
About the Report
For the past 10 years, the Energy Development Corporation (EDC) has issued reports as part of its commitment to sustainability. Since 2010, we have been reporting on our economic, environmental, and social impacts through our annual financial and sustainability report, also known as the Performance Report
This year, we are proud to present our first Integrated Report (IR), prepared in accordance with the reporting framework set forth by the International Integrated Reporting Council (IIRC). This shift toward an integrated reporting practice reflects EDC’s proactive approach to the long-term growth of the company. It also demonstrates EDC’s commitment to developing an integrated understanding of the business and its contribution to sustainable development…
EDC’s Commitment and Performance
We’ve made it our business to provide our customers the option to choose a regenerative path by powering their businesses with clean, renewable, and affordable energy that they can rely on 24/7. Aside from future-proofing our operations, we’ve chosen to elevate everything we touch. Learn more about our commitment and sustainability performance.
Executive Messages
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Federico R. Lopez | Chairman and CEO“Corporate sustainability that seeks to simply ‘tick the box’ or do less harm is no longer good enough.” |
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Richard B. Tantoco | President and COO“It was indeed a remarkable year for the company, one that afforded us a robust posture for the coming impact of COVID.” |
About the Report
For the past 10 years, the Energy Development Corporation (EDC) has issued reports as part of its commitment to sustainability. Since 2010, we have been reporting on our economic, environmental, and social impacts through our annual financial and sustainability report, also known as the Performance Report
This year, we are proud to present our first Integrated Report (IR), prepared in accordance with the reporting framework set forth by the International Integrated Reporting Council (IIRC). This shift toward an integrated reporting practice reflects EDC’s proactive approach to the long-term growth of the company. It also demonstrates EDC’s commitment to developing an integrated understanding of the business and its contribution to sustainable development…
EDC’s Commitment and Performance
We’ve made it our business to provide our customers the option to choose a regenerative path by powering their businesses with clean, renewable, and affordable energy that they can rely on 24/7. Aside from future-proofing our operations, we’ve chosen to elevate everything we touch. Learn more about our commitment and sustainability performance.
Executive Messages
![]() |
Federico R. Lopez | Chairman and CEO“Corporate sustainability that seeks to simply ‘tick the box’ or do less harm is no longer good enough.” |
![]() |
Richard B. Tantoco | President and COO“It was indeed a remarkable year for the company, one that afforded us a robust posture for the coming impact of COVID.” |

Federico R. Lopez | Chairman and CEO
“Corporate sustainability that seeks to simply ‘tick the box’ or do less harm is no longer good enough.”

Richard B. Tantoco | President and COO
“It was indeed a remarkable year for the company, one that afforded us a robust posture for the coming impact of COVID.”
At a Glance

9,300.1
gigawatt hours (Gwh) total clean power generated, in sales volume in 2019
For more than 40 years, we have managed our operations with an eye not only on profit, but with utmost care for people and the planet as well. In 2019, prudent planning and project management, which involves managing risks and building resiliency into our assets,enabled EDC to exceed our 2018 total energy sales by 4.0%.

P41,868.4 million
total revenue in 2019; 10.2% increase over our revenue in 2018
This higher revenue is attributed to lower net financial expenses, bolstered by the excellent performance of individual business units, particularly the higher generated volume of our geothermal power plants.

92
customer facilities served with 100% clean and renewable energy
With heightened awareness of climate change, more businesses seek to manage their adverse impacts on the environment by opting for low-carbon energy. In 2019, EDC served 92 customer facilities, 57 of which are contestable customers, a 29.8% increase from 2018.

8,155,348
tCO2e avoided in lieu of coal, based on EDC’s 0.10 tCO2/MWh carbon intensity
EDC is a 100% renewable energy company. By producing clean, low-carbon energy, we avoid harmful emissions that contribute to climate change. In 2019, the amount of carbon we avoided emitting through our operations is equivalent to the carbon sequestration of approximately 265 million trees.

26 Million
tons of carbon sequestered as carbon stock stored in the vegetation of geothermal reservations and other watershed areas restored through the EDC BINHI program
Our long-running EDC BINHI program invests in restoring denuded forests and reviving threatened premium native tree species. This allows us to not only protect biodiversity, but to also sequester carbon as part of our climate action. Since 2008, EDC BINHI has restored a total of 9,449 hectares of denuded forests and planted more than 7.7 million trees.

Why Choose Geothermal?
What is Geo 24/7? Geothermal energy is known as the holy grail of renewable energy technologies since it is the only form of RE that can provide baseload power. It is renewable, reliable, and can provide 24/7 uninterrupted clean power to keep our businesses running, support basic services for every Filipino, and sustainably boost our country’s growth.
Geo 24/7 is about geothermal leader Energy Development Corporation (EDC) and how it powers infinite possibilities.

Why Choose Geothermal?
What is Geo 24/7? Geothermal energy is known as the holy grail of renewable energy technologies since it is the only form of RE that can provide baseload power. It is renewable, reliable, and can provide 24/7 uninterrupted clean power to keep our businesses running, support basic services for every Filipino, and sustainably boost our country’s growth.
Geo 24/7 is about geothermal leader Energy Development Corporation (EDC) and how it powers infinite possibilities.
Our Clients Make A Positive Impact
Our 2019 Integrated Report
Our Integrated Report tells the story of our efforts to achieve our business objectives, hand-in-hand with our sustainability aspirations.
