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EDC receives global recognition for environmental practices

Southern Negros geothermal plant, Negros Oriental, Philippines (source: Mike Gonzalez, creative commons BY-SA 3.0)
Alexander Richter Alexander Richter 4 Oct 2018

Geothermal energy company Energy Development Corporation (EDC) has once again been included in the FTSE4Good Emerging Index for its strong environmental, social and governance (ESG) practices.

Reported today, Philippines-based geothermal energy company Energy Development Corporation (EDC) announces that it is once again included in the FTSE4Good Emerging Index for its strong environmental, social and governance (ESG) practices.

EDC has been powering Negros Island for over 35 years now. The company operates the 222.5 MW Southern Negros Geothermal Project in Valencia, Negros Oriental.

The FTSE Russell, a wholly owned subsidiary of the London Stock Exchange Group’s Information Services Division, confirmed that EDC 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.

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 have always been at the heart of our sustainability strategy,” stated Richard Tantoco, EDC president and chief operating officer.

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

A copy of EDC’s report may be downloaded at www.energy.com.ph/sustainability.

Source: SunStar