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 23 is lower 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 2023, Energy Development Corporation (EDC) reported significant carbon emissions, totalling approximately 1,081,421,000 kg CO2e for Scope 1, 4,735,400 kg CO2e for Scope 2, and 2,946,154,000 kg CO2e for Scope 3. This data reflects a comprehensive approach to emissions reporting, covering all three scopes of greenhouse gas emissions. For 2024, EDC has projected Scope 1 and 2 emissions of about 37,000 kg CO2e and 349,100 kg CO2e for electricity consumption, alongside 164,000 kg CO2e from fuel consumption. These figures indicate a focus on reducing emissions through energy efficiency and renewable energy adoption. EDC has set ambitious long-term reduction targets, aiming for a cumulative greenhouse gas reduction of up to 40% by 2040, using 2019 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions, demonstrating a commitment to sustainability and climate action. As a current subsidiary of Energy Development Corporation, the emissions data and reduction initiatives are cascaded from the parent organisation, ensuring alignment with broader corporate sustainability goals. EDC's initiatives reflect industry-standard climate terminology and practices, positioning the company as a proactive player in the energy sector's transition towards a low-carbon future.
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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.
