Energy Development Corporation
Energy Development Corporation (EDC), headquartered in the Philippines, is a leading player in the renewable energy sector, specialising in geothermal energy production. Founded in 1976, EDC has established itself as a pioneer in harnessing the Philippines' rich geothermal resources, operating primarily in regions such as Luzon, Visayas, and Mindanao. The company offers a range of core services, including the development, operation, and maintenance of geothermal power plants, which are distinguished by their commitment to sustainability and innovation. EDC's unique approach to energy development has positioned it as a market leader, with notable achievements in reducing carbon emissions and promoting renewable energy solutions. With a strong focus on environmental stewardship, EDC continues to drive the transition towards a greener energy future in the Philippines and beyond.
DitchCarbon Score
How does Energy Development Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Energy Development Corporation's score of 20 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Energy Development Corporation's reported carbon emissions
In 2023, Energy Development Corporation (EDC) reported significant carbon emissions, totalling approximately 4,000,000,000 kg CO2e. This figure includes 1,081,421,000 kg CO2e from Scope 1 emissions, 4,735,400 kg CO2e from Scope 2 emissions, and a substantial 2,946,154,000 kg CO2e from Scope 3 emissions, which primarily encompass indirect emissions from the value chain. Over the years, EDC has shown fluctuations in its emissions profile. For instance, in 2022, the company emitted about 1,000,000,000 kg CO2e from Scope 1, 3,356,700 kg CO2e from Scope 2, and 3,802,300 kg CO2e from Scope 3. The data indicates a trend of increasing emissions, particularly in Scope 3, which reflects the broader impact of their operations. Despite these figures, 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 reflect the challenges faced by the energy sector in balancing operational demands with sustainability goals. As a leading energy provider in the Philippines, EDC's emissions and climate strategies are critical in the context of global climate commitments and the transition towards a low-carbon economy. The company’s ongoing efforts to address its carbon footprint will be essential in aligning with international climate standards and expectations.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 91,200 | 00,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 4,993,500 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 349,250,000 | 000,000,000 | 000,000,000 | - | - | 00,000,000 | 0,000,000 | 0,000,000 | - | 0,000,000 | 0,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Energy Development Corporation is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
