Energy Development Corporation
Energy Development Corporation (EDC), headquartered in the Philippines, is a leading player in the electricity nec industry, specialising in renewable energy solutions. Founded in 1976, EDC has established itself as a pioneer in geothermal energy, harnessing the country's rich natural resources to provide sustainable power across various regions, including Luzon, Visayas, and Mindanao.
With a diverse portfolio that includes geothermal, wind, and solar energy, EDC is committed to delivering innovative and environmentally friendly energy solutions. The company’s unique approach to harnessing geothermal resources sets it apart in the market, contributing significantly to the Philippines' energy security. Recognised for its commitment to sustainability, EDC has achieved numerous accolades, solidifying its position as a leader in the renewable energy sector.
-6 vs industry average
Energy Development Corporation’s score of 9 is lower than 30% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Energy Development Corporation's reported carbon emissions
Energy Development Corporation (EDC), headquartered in the Philippines and operating in the electricity sector, reported Scope 1 emissions of approximately 1.08 billion kg CO2e and Scope 3 emissions of about 2.95 billion kg CO2e for 2023. Scope 2 emissions for the same year stood at approximately 4.74 million kg CO2e. In 2022, EDC's Scope 1 emissions were approximately 956.91 million kg CO2e, with Scope 2 emissions at about 4.39 million kg CO2e and Scope 3 emissions at 3.80 million kg CO2e. The company's total emissions for 2023 amounted to approximately 4.04 billion kg CO2e. EDC's historical emissions data shows significant Scope 1 emissions in previous years, including about 1.08 billion kg CO2e in 2020 and 935.57 million kg CO2e in 2021. Scope 2 emissions were recorded at approximately 3.77 million kg CO2e in 2021. Scope 3 data for 2020 and 2021 were reported as 0.0 kg CO2e and 3.36 million kg CO2e respectively, with missing data points for "scope_3/fuel_and_energy_related_activities" across several reporting years. The company's environmental reporting includes a "Mindanao Grid Carbon Intensity" factor of 780.0, reported in MWh for Scope 1 and 2 emissions. Energy Development Corporation is a current subsidiary with cascaded data originating from itself, indicating direct reporting. As of the latest available information, no specific reduction targets or commitments to initiatives like SBTi have been publicly disclosed by the company.
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Energy Development Corporation’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Energy Development Corporation yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Energy Development Corporation
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