Business Daily Media

Men's Weekly

.

Energy Development Corporation Named Green Company of the Year at ACES Awards 2024

BANGKOK, THAILAND - Media OutReach Newswire - 6 December 2024 - The Philippines' Energy Development Corporation (EDC), a global renewable energy leader, has been awarded the Green Company of the Year at the 2024 Asia Corporate Excellence & Sustainability (ACES) Awards.

This prestigious accolade recognises EDC's unwavering commitment to advancing the country's renewable energy sector while championing biodiversity, forest restoration, and climate change mitigation.

Energy Development Corporation was proudly honoured as Asia
Energy Development Corporation was proudly honoured as Asia's Green Company of the Year at the ACES Awards 2024. Representing EDC on stage were Abegail Gatdula, Watershed Management Officer (left center), Erwin Magallanes, Head of Corporate Relations (center), and Danilo Tolarba, AVP & Human Resource Head (right center). The award was presented by Luis Bueno Nieto, Advisor, ACES Council (left), Dr Jayanthi Desan, Advisor, ACES Council (2nd from left), Dr Shanggari Balakrishnan, President, ACES Awards (right), and Hemant Batra, Honorary Chairman, ACES Council (2nd from right). This recognition cements EDC’s leadership in sustainability and green innovation across Asia.

As the largest renewable energy producer in the Philippines, EDC is at the forefront of clean energy transformation. Central to its sustainability efforts is its BINHI programme, launched in 2008 to propagate endangered native tree species, rehabilitate degraded forests, and protect biodiversity. This flagship initiative embodies EDC's long-term vision for ecological restoration and sustainable development.

Empowering Communities through Partnerships

EDC's success stems from its strategic collaborations with local communities, farmers, and organisations. Working with 88 local farmer associations, EDC provides resources and training to manage nurseries, source seedlings, and protect forested areas near its geothermal plants.

One notable initiative is the Baslay Coffee Program in Negros Oriental, which supports former slash-and-burn farmers through sustainable agroforestry. By transitioning to eco-conscious coffee farming, these communities have gained stable livelihoods while safeguarding the environment. Similar programmes in Leyte and North Cotabato replicate this model, demonstrating EDC's scalable approach to community engagement.

Global partnerships, including collaborations with the University of the Philippines Institute of Biology and BGCI's Global Tree Assessment Program, further enhance BINHI's impact on biodiversity conservation.

Leading in Regenerative Development

EDC's sustainability philosophy extends beyond preservation to regenerative development. By restoring ecosystems and ensuring a net-positive environmental impact, EDC sets a benchmark for sustainable business practices. Its renewable energy portfolio—spanning geothermal, hydro, wind, and solar—plays a vital role in decarbonising the Philippines' energy grid, avoiding nearly 6 million tonnes of CO₂ emissions annually. EDC's geothermal plants, delivering 24/7 clean energy, are instrumental in reducing fossil fuel reliance.

Complementing its clean energy efforts, EDC's watershed management programmes sequester more carbon than the company emits. In 2023, EDC's forested areas absorbed 1.7 million tonnes of CO₂, surpassing its operational emissions of 1.1 million tonnes.

A Vision for a Regenerative Future

Looking ahead, EDC aims to expand its low-carbon energy portfolio to 9,000 MW by 2030, further reducing emissions and restoring ecosystems through BINHI and other initiatives. This vision reinforces EDC's role in driving the Philippines' transition to a regenerative, decarbonised future.

The ACES Green Company of the Year Award reflects EDC's leadership in renewable energy and environmental regeneration. Shanggari B, President of the ACES Awards, states, "EDC's vision of a regenerative future exemplifies how businesses can thrive while making a profound, positive impact on the planet."

Hashtag: #EDC #EnergyDevelopmentCorporation #Philippines #Sustainability #GreenEnergy #ACESAwards2024 #ResponsibleBusiness #SustainableFuture


The issuer is solely responsible for the content of this announcement.

About Energy Development Corporation

Energy Development Corporation (EDC) is First Gen Corporation's 100% Renewable Energy (RE) subsidiary with close to 1,500MW total installed capacity that accounts for almost 20% of the Philippine's total installed RE capacity. Its 1,170MW geothermal portfolio comprises 80% of the country's total installed geothermal capacity, making the Philippines the third largest geothermal producer in the world. First Gen is the Philippines' leading clean energy company.

News from Asia

Lee Kuan Yew School of Public Policy Releases Strategic Roadmap for ASEAN's 5G-AI Transformation

New Research Reveals US$130 Billion Economic Opportunity and Outlines Policy Framework to Accelerate Regional Digital Leadership by 2030SINGAPORE - Media OutReach Newswire - 22 July 2025 - The Le...

DFI Retail Group Holdings Limited Half-Year Results For The Six Months Ended 30 June 2025 And Announcement Of Special Dividend

Highlights 39% underlying earnings growth Increased contributions from associates, Health & Beauty and Food Health & Beauty delivered strong like-for-like (LFL...

HeyMax Acquires Hong Kong’s krip to Accelerate Regional Expansion into Loyalty and Rewards Market

HeyMax’s first acquisition fast-tracks its regional expansion, bringing over 6,000 credit card deals offered by over 3,000 merchants, and personalized loyalty experiences to consumers in Hong Kong ...

CUHK Faculty of Engineering: Advancing Innovation Through Research Excellence and Global Collaboration

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - The Faculty of Engineering at The Chinese University of Hong Kong (CUHK) continues to strengthen its position in global engineering educat...

Adecco Singapore Marks 40 Years of Enabling Talent and Business Growth

SINGAPORE - Media OutReach Newswire - 23 July 2025 - Adecco Singapore has officially commemorated its 40th anniversary with a stakeholder event held at the National Gallery Singapore. The occasion...

Samsung’s Solve for Tomorrow 2025 Youth Innovation Competition is Now On

SINGAPORE - Media OutReach Newswire - 23 July 2025 - Samsung Solve for Tomorrow 2025, the highly-anticipated youth innovation competition, is back for its ninth edition in Singapore! As the natio...

Jollibee Group Evolves its Corporate Brand to Help Power Global Growth

Brand update brings to life its global purpose and positioning as a unified group of brandsMANILA, PHILIPPINES - Media OutReach Newswire - 23 July 2025 - The Jollibee Group, one of the world's fas...

AECOM to enhance mobility across the Greater Bay Area by delivering the Hong Kong Section of Hong Kong–Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai)

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - AECOM, the trusted global infrastructure leader, today announced that its joint venture with AtkinsRéalis has been awarded the consultancy ...

OCBC Hong Kong Unveils New Brand Campaign

Connected to “As One Group, OCBC Enables Aspiration All Across ASEAN and Greater China” Demonstrating the Unwavering Commitment in Realising Customer’s Aspirations HONG KONG SAR - Media...

X.me Foundation Empowers Global Expansion of the X.me Social Media Platform

SINGAPORE - Media OutReach Newswire - 23 July 2025 - X.me (https://x.me) is a social media platform where users can freely express themselves, share content, engage, and interact while earnin...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

Sell by LayBy