Future-Proofing Nature and Society: ASEAN Green Bonds In June 2021, amid the ongoing pandemic and the urgent need for action on the climate crisis, the Securities and Exchange Commission (SEC) approved EDC’s PHP 15-billion Association of Southeast Asian Nations (ASEAN) Green Bonds shelf registration along with issuing a Permit to Sell for the initial tranche… Continue reading Future-Proofing Nature and Society: ASEAN Green Bonds
Category: Feature Financial Capital
Empowering our stakeholders and the future
Empowering our stakeholders and the future We empower our stakeholders to become agents of change and development in their communities. EDC contributes to the local economy by prioritizing locally-based suppliers and working closely with our community organizations and cooperatives. In 2021, our local spend comprised 70% of our total purchases. In providing clean and reliable … Continue reading Empowering our stakeholders and the future
Financial Management Strategies
Financial Management Strategies We optimized capital allocation of all funds for operational and capital expenses while maintaining stable target selling prices and annual revenues. In ensuring the financial and non-financial returns of our investors, we enforced sound financial management strategies through fully-funded business plans, secured grants and concessional financings, and the completion of timely Debt… Continue reading Financial Management Strategies
Financial and Operational Highlights
Financial and Operational Highlights In 2021, the EDC consolidated revenue increased by 12.6 percent or PHP 4,751.6 million to PHP 42,368.4 million, from PHP 37,616.8 million in 2020. We attribute this to higher wholesale electricity spot market (WESM) prices. We also saw a decrease in our energy sales volume by 0.9 percent or by 84.7… Continue reading Financial and Operational Highlights
How the Financial Department Digitized during the Pandemic
How the Financial Department Digitized during the Pandemic For the Payables & Attest Accounting Department (PAAD) and the Site Accounting Team, processing payments before the pandemic were usually done upon receipt of the hard copy of the documents from vendors. With people on lockdown and community quarantine, the PAAD team had to work around processing… Continue reading How the Financial Department Digitized during the Pandemic