(The Philippine Star) - March 9,
2020 - 12:00am
MANILA, Philippines — Reading
through the GRI Content Index of Energy Development Corporation’s (EDC) 2018
Sustainability Report, one will easily notice zero reduction in the company’s
energy consumption. This is basically because energy production is EDC’s core
business, and a better perspective to look into is how the company ensures
access to “affordable, reliable, sustainable and modern energy for all” or the
seventh Sustainable Development Goal (SDG) of the United Nations (UN).
EDC is the largest 100% renewable
energy company in the Philippines with 44 years of world-renowned expertise in
geothermal technology, operating 1,181 MW of geothermal, 150 MW of wind, 132 MW
of hydroelectric, and 12 MW of solar — 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 CO2/MWh intensity).
The company is recognized as a world
leader in wet steam field technology, with strategic geothermal business units
in Bicol, Leyte, Negros Island, and Mindanao. It also operates one of the
biggest combined wind and solar farms in the region, located in Burgos, Ilocos
Norte, and substantial hydro assets located in Nueva Ecija.
The green initiative was heightened
in 2016, when Federico Lopez, chairman and chief executive officer of EDC
announced that they would forego investments in coal and only pursue clean
energy. In 2017, the company adopted the First Philippine Holdings Corp. (FPH)
Sustainability Framework, which is “focused on system value and acknowledges
that our business can only grow and prosper if the ecosystems and natural resources
on which we depend also grow and prosper.”
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