Energy Development Corporation

In 2023, Energy Development Corporation (EDC) reported significant carbon emissions, totalling approximately 1,081,421,000 kg CO2e from Scope 1, 4,735,400 kg CO2e from Scope 2, and a staggering 2,946,154,000 kg CO2e from Scope 3 emissions. This reflects a continued reliance on fossil fuels and highlights the challenges the company faces in reducing its carbon footprint. Over the years, EDC's emissions have fluctuated, with Scope 1 emissions peaking at about 1,081,421,000 kg CO2e in 2023, while Scope 2 emissions have remained relatively lower. The Scope 3 emissions, which include indirect emissions from the supply chain and product use, have consistently represented the largest portion of their total emissions, indicating a need for comprehensive strategies to address these upstream and downstream impacts. Despite the high levels of emissions, EDC has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may hinder their ability to align with global climate goals and the expectations of stakeholders increasingly focused on sustainability. In summary, while EDC's emissions data reveals a substantial carbon footprint, the absence of clear reduction strategies poses challenges for the corporation in meeting future climate commitments and enhancing its sustainability profile.