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 17 is lower than 70% 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), headquartered in the Philippines, reported total carbon emissions of 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 (purchased electricity), and 2,946,154,000 kg CO2e from Scope 3 emissions. Comparatively, in 2022, EDC's emissions were about 956,911,000 kg CO2e for Scope 1, 4,394,500 kg CO2e for Scope 2, and 3,802,300 kg CO2e for Scope 3, indicating a significant increase in total emissions year-on-year. The trend shows that while Scope 1 emissions have risen, Scope 3 emissions have seen a substantial increase, highlighting the need for enhanced management of indirect emissions. EDC has not set specific reduction targets or initiatives as part of its climate commitments, nor has it disclosed any Science-Based Targets Initiative (SBTi) reduction targets. The company is a current subsidiary of Energy Development Corporation, and all emissions data is inherited from its corporate family structure. Overall, EDC's emissions data reflects the challenges faced in reducing carbon footprints, particularly in Scope 3 emissions, which often represent the largest share of total emissions for energy companies.
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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 |
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.
