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 lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Energy Development Corporation's reported carbon emissions
In 2023, Energy Development Corporation (EDC) reported total carbon emissions of approximately 4,000,000,000 kg CO2e, with emissions distributed across various scopes: 1,081,421,000 kg CO2e for Scope 1, 4,735,400 kg CO2e for Scope 2, and a significant 2,946,154,000 kg CO2e for Scope 3. This indicates a substantial reliance on indirect emissions, particularly from upstream activities. Over the years, EDC has shown fluctuations in its emissions profile. For instance, in 2022, the total emissions were about 1,000,000,000 kg CO2e, with Scope 1 emissions at 956,911,000 kg CO2e and Scope 2 at 3,356,700 kg CO2e. The company has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. EDC's emissions data highlights the need for a strategic approach to mitigate its carbon footprint, especially given the significant contribution of Scope 3 emissions. The company operates in a sector where climate commitments are increasingly scrutinised, and aligning with industry standards for emissions reduction could enhance its sustainability profile.
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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 participating in any of the initiatives that 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.
