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 31 is higher than 57% 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 2024, Energy Development Corporation (EDC) reported total carbon emissions of approximately 42,023,000 kg CO2e, comprising 831,000 kg CO2e from Scope 1 and 41,192,000 kg CO2e from Scope 2 emissions. This marks a slight increase from 2023, where total emissions were about 45,931,000 kg CO2e, with Scope 1 emissions at 837,000 kg CO2e and Scope 2 emissions at 45,094,000 kg CO2e. EDC has set ambitious near-term targets to reduce its carbon footprint, aiming for near-zero emissions in both Scope 1 and Scope 2 by 2025. These commitments reflect the company's proactive approach to climate action, aligning with industry standards for sustainability and emissions reduction. The emissions data is cascaded from EDC, which operates as a current subsidiary within its corporate family. The organization has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from energy consumption. Overall, EDC's commitment to reducing its carbon emissions is a significant step towards achieving sustainability in the energy sector, particularly in the Philippines.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 91,200 | 00,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 4,993,500 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 349,250,000 | 000,000,000 | - | - | - | - | 0,000,000 | - | - | - |
How Carbon Intensive is Energy Development Corporation's Industry?
How Carbon Intensive is Energy Development Corporation's Location?
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.
