Visayan Daily Star, Philippines
The country’s biggest geothermal company, the Energy Development Corporation, was awarded as one of the Top Green Companies in Asia at the recent Asia Corporate Excellence and Sustainability Awards 2016, organized by Malaysian-based MORS Group. EDC bested almost 200 other nominated companies and individuals from various Asian countries this year. Its chief finance officer, Nestor Vasay, received the award, a press release from the firm said yesterday.
In her message during the awards night held in Shangri-la Hotel, Singapore, MORS Group CEO Shanggari Balakrishnan said the ACES awards recognized entrepreneurs, corporate leaders, and best corporate practices in sustainability in Asia.
“These are companies that have innovative approaches to sustainable business into their operations. The winners have been able to show us how to build meaningful sustainability practices that do not only improve their business but also make a significant impact to their communities," Jayanthi Desan, lead jury of ACES Awards, said. “These are also companies that have strong disclosures, most of them using the Global Reporting Initiative's sustainability reporting framework.”
As a global, diversified, renewable power company, energy, environment, and empowerment resound in all of EDC’s business undertakings for over 40 years now, the press release said.
The company has been generating clean, renewable energy to power infinite possibilities for the country’s growing economy without harming the environment.
As one of the earliest sustainability reporters and adopters of the GRI in the country, EDC has been measuring and reporting on its environmental and social impacts to its stakeholders for their informed decision since 2010.
The company’s 2010 integrated financial and sustainability report was the first in the Philippines to be validated by the GRI’s head office in Amsterdam in 2011.
EDC is the country’s leading producer of geothermal energy and a multi-awarded Filipino company in the areas of geothermal development, environmental excellence, corporate governance, and corporate social responsibility, the press release said. Its 222.5-megawatt geothermal facility in Valencia, Negros Oriental, has been sustainably generating clean, renewable geothermal power for Negros Island and the rest of the Visayas region for 34 years now, the press release added.