Monday, November 28, 2016

EDC named one of Asia’s top green companies

EDC Chief Finance Officer Nestor Vasay (center) received the recognition for EDC as one of the top green companies in Asia



The country’s biggest geothermal company, Energy Development Corporation (EDC), was awarded as one of the Top Green Companies in Asia at the recently concluded Asia Corporate Excellence & Sustainability (ACES) Awards 2016 organized by Malaysian-based MORS Group.


EDC bested almost 200 other nominated companies and individuals from various Asian countries this year.  Its Chief Finance Officer Nestor H. Vasay received the award.


In her message during the awards night held in Shangri-la Hotel, Singapore, MORS Group CEO Shanggari Balakrishnan said that the ACES awards recognized entrepreneurs, corporate leaders, and best corporate practices in sustainability in Asia.


“These are companies that have innovative approaches to sustainable business into their operations. The winners have been able to show us how to build meaningful sustainability practices that do not only improve their business but also make a significant impact to their communities,” added Dr. Jayanthi Desan, lead jury of ACES Awards.


“These are also companies that have strong disclosures, most of them using the Global Reporting Initiative’s (GRI) sustainability reporting framework.”


As a global, diversified, renewable power company, energy, environment, and empowerment resound in all of EDC’s business undertakings for over 40 years now.  The company has been generating clean, renewable energy to power infinite possibilities for the country’s growing economy without harming the environment.


As one of the earliest sustainability reporters and adopters of the GRI in the country, EDC has been measuring and reporting on its environmental and social impacts to its stakeholders for their informed decision since 2010.  The company’s 2010 integrated financial and sustainability report was the first in the Philippines to validated by the GRI’s head office in Amsterdam in 2011.


“Sustainability has been weaved into EDC’s business since the start of its operations,” said Vasay.  “The integrated financial and sustainability report that we release every year is something that our investors and lenders appreciate because it tells them how we take care of the environment and our communities as a truly green company.”


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.



Thursday, November 3, 2016

Notice of Analysts’/Investors’ Briefing


Please be advised that the Energy Development Corporation will conduct an earnings call via a dial-in conferencing facility on its YTD 9M 2016 Financial and Operating Results on November 10, 2016 at 3:30 p.m. to 4:30 p.m.


Interested parties may refer to the attached invitation. As there may be limited slots available during the conference proper itself, we shall be giving priority to those who have confirmed their participation. 


Please click HERE to access the PSE Disclosure with the Invitation and Reply Form.

Thursday, October 27, 2016

EDC’s Tongonan plant is lone recipient of DENR’s Seal of Approval


Receiving the PEPP award are Leonita Sabando, head of Environmental Unit and acting Pollution Control Officer for Tongonan plant (third from left) and Regina Pascual, EDC environmental head (fourth from left) .  Photo shows from left to right: DENR PEPP Office Head Michiko Navaluna, ASEC Rommel Abesamis, Leonita Sabando, Regina Pascual, FASPO Director Mr. Domingo, DENR EMB Director Gilbert Gonzales, DENR ASEC Corazon Davis, EMB8 Regional Director Letecia Maceda and World Bank Senior Environmental Engineer Gerry Parco.


The 112.5-MW Tongonan geothermal power plant of Energy Development Corporation (EDC) is this year’s lone recipient of the Philippine Environment Partnership Program (PEPP) Seal of Approval given annually by the Department of Environment and Natural Resources (DENR).  This is the 5th time that the Tongonan plant has been recognized by the DENR for exemplary performance in environmental management and protection.


The PEPP Seal of Approval is given to industries which strive to go beyond compliance and are driven to improve their performance with competitiveness, image and supply chain requirements.  Nominees undergo a rigid evaluation process that includes validation of documentary requirements and actual site inspection by the regional offices of the Environmental Management Bureau (EMB).


The 112.5-MW Tongonan power plant is operated by Green Core Geothermal, Inc. (GCGI), a subsidiary of EDC.