EDC cited for strong environmental practices

Danessa Rivera (The Philippine Star) - September 17, 2018 - 12:00am

https://www.philstar.com/business/2018/09/17/1852042/edc-cited-strong-environmental-practices

MANILA, Philippines — Lopez-led Energy Development Corp. (EDC) has garnered global recognition anew after it was included in the FTSE4Good Emerging Index for its strong environmental, social and governance (ESG) practices.

The FTSE Russell, a wholly-owned subsidiary of the London Stock Exchange Group’s Information Services Division, said the Lopez-led has been independently assessed according to the FTSE4Good criteria and has satisfied the requirements to become a constituent of the FTSE4Good Index Series.

EDC has recently received its certificate of membership signifying its inclusion in the FTSE4Good Emerging Index.

Created by the global index provider FTSE Russell in 2001, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong ESG practices.

The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.

Apart from being the country’s leading renewable energy company and one of the world’s largest geothermal producers, EDC implements comprehensive environmental management and corporate social responsibility programs that ensure inclusive growth and enhance the ecosystem in areas where it operates.

“We strive to make a positive impact on the environment and our host communities as we generate clean, reliable and cost-competitive geothermal energy to power our country.  Creating harmony for our business, the people around us and our planet has always been at the heart of our sustainability strategy,” EDC president and COO Richard Tantoco said.

EDC’s community partnerships and BINHI greening legacy programs have been recognized consistently for their success and sustainability.

EDC has been measuring its own economic, environmental and social impacts and disclosing them every year through its annual performance report following the widely used reporting framework established by the Global Reporting Initiative (GRI).