Energy Development Corporation Sustainability Profile
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 23 is lower than 59% 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 1,081,421,400 kg CO2e, comprising 1,081,421,000 kg CO2e from Scope 1, 4,735,400 kg CO2e from Scope 2, and about 2,946,154,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its Scope 1 and Scope 2 emissions to near zero by 2025, as outlined in their 2024 Sustainability Report. This commitment reflects EDC's dedication to addressing climate change and aligns with industry standards for carbon reduction. The emissions data for 2024 is not yet available, but EDC's previous years' emissions indicate a significant focus on reducing their carbon footprint. The company is a current subsidiary of Energy Development Corporation, which influences its climate initiatives and reporting practices. EDC's proactive approach to sustainability and emissions reduction positions it as a leader in the energy sector in the Philippines, contributing to global climate goals.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 91,200 | 00,000 | 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 |
| Scope 3 | 349,250,000 | 000,000,000 | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000,000 |
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Energy Development Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Energy Development Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
