Tag Archives: EDC Sustainability

Corporate Sustainability Videos: Spotlight on Energy Development Corporation


Today’s blog features Energy Development Corporation or EDC. EDC has been instrumental in making geothermal energy viable in this part of the world. From its inception as a state-owned corporation to its privatization as part of the Lopez Group, EDC has always blazed the trail in developing sustainable power projects. Most of its initiatives in environmental management are now modeled in national regulatory processes like the promulgation of social benefits to host communities (ER 1-94) and the application of the scoping and social acceptability process in the Environmental Impact Assessment Statement.

EDC is the only energy company in the Philippines to earn the Client Leadership Award from the World Bank-International Finance Corporation after Manila Water Company.

This video shares its story on how EDC had shaped and is continuing to shape the practice of sustainability in the developing energy projects. The company has international expansion programs in Indonesia, Peru and Chile.

Disclaimer: The views written in this blog is that of the author only and may not necessarily represent the organizations or entities mentioned.


Sustainability Reporting in the Philippines (Updates)


Coinciding with the revival of the Rio 2012 talks, corporate entities in the Philippines have upped the ante when it comes to reporting their non-financial performance, better known as sustainability report. A week ago, the 2012 CSR expo in Manila delivered yet another remarkable turnout which saw more and more companies demonstrating marked improvements in implementing corporate responsibility programs. In my next blog article, I will write about the thought leaders — companies that have paved the way in corporate reporting — and how their recently released sustainability reports are growing in breadth and scope. From well-thought titles to assurance statements, Philippine business are stirring amid stakeholder clamor for sincere and consistent reporting.

Here are links to some of the sustainability reports worthy of your scrutiny. While some have shown maturity (getting it right) others have given it a shoddy attempt. Nonetheless, a worthy batting average for a sector that has been known to be conservative in stakeholder engagement. Give them a try and tell me what you think. I will discuss(and critic) their content and context in the next article.

Energy Development Corporation Higher Peaks, New Horizons

Manila Water 2010 Sustainability Report

Petron 2011 Sustainability Report

Cebu Holdings 2011 Annual and Sustainability Report

Aboitiz 2011 Sustainability Report

Now, about Aboitiz’ 2011 Sustainability Report, there seems to have been similarities with an earler report published by its competitor. Interestingly, both reports work on the similar themes and design execution. Take a look below. Aboitiz Power released their 2011 Sustainability Report looking similar to the Integrated Report released by Energy Development Corporation in 2009 for its 2008 performance. Maybe the corporate communications unit of Aboitiz or its design agency failed to research on the matter? Whatever the reasons are, the published works look almost the same. Exciting times for Philippine company sustainability reporting.AQA

For the mean time, here is a “Practical advice to accelerate your company’s sustainability journey” by Richard Hardyment and Andrew Wilson of Corporate Citizenship. The first step is to assess what stage the leadership of your company is at regarding sustainability.

·         Is the company in “denial”? This can be characterised as “business as usual” mode where the board has limited interest in non-financial issues; this may include a CEO that shows little or no interest in environmental, social or economic sustainability issues.
·         Is the company “primed to move”? Has the company issued a sustainability report or is it planning to? Are sustainability issues gaining momentum, is the CEO interested in some flagship sustainability programs or are some board members seeing some connection between their role and sustainability issues?
·         Is the company a CSR champion? Is the Board is a driving force behind sustainability initiatives and are directors looking toward new tools and ideas to improve social and environmental performance?
Here’s the link to the article, courtesy of CSR Asia. Enjoy!