EDC Integrated Report 2022

About EDC

Energy Development Corporation (EDC) is a global and diverse renewable energy company with 46 years of pioneering sustainable practices. As the Philippines’ leading 100% renewable energy producer which accounts for almost 20% of the country’s total installed renewable energy capacity, EDC also provides 61% of the country’s total installed geothermal power. At the heart of EDC’s overall mission is its vision of a regenerative future manifested through impactful environmental and social programs implemented in every EDC facility. These aim to enhance the ecosystem and uplift the lives of those in its partner communities exponentially.

Mission

To forge collaborative
pathways for a decarbonized
and regenerative future.

Vision

To be the leading global geothermal
energy company and key provider of
clean, renewable 24/7 energy.

Lopez Credo & Values

As employees of the Lopez group of companies, we believe that our primary reason for being is to serve God and the Filipino people. Thus, we shall always conduct ourselves in a manner that is mindful of the long-term mutual benefit of the Lopez Group and the various publics we serve. We will be responsible stewards of all our resources and conscious of our obligation to present and future generations. Since 1928, and in the years and generations to follow, our commitment to the distinctive Lopez values will not change as we remain committed to serving our stakeholders. In our service to the Filipino people, we will be guided by the following distinct Lopez Values:

 

  • A Pioneering
  • Entrepreneurial Spirit
  • Business Excellence
  • Unity
  • Nationalism
  • Social Justice
  • Integrity
  • Employee Welfare and Wellness
 
We know from generations of experience that it is by living according to these values that a company can be built to last

Way to Play

We promote a regenerative society by increasing access to reliable renewable energy through purposeful innovation and proactive partnerships.

 

Our Capability System includes:

 

Sustainable Generation–expansive understanding and management of geothermal resources to develop and optimize resilient assets

Purposeful Innovation–systematic identification and deployment of groundbreaking ideas that improve performance and customer satisfaction

 Committed Stakeholder Ecosystem–integrated approach in building mutually beneficial relationships to progress our regenerative agenda

Transformative Integration–Deft integration of targeted acquisitions that increase corporate value

Organizational Agility–Delivery of fast, customer-centric solutions through self-organized teams who can pivot and prioritize

Purpose

We recognize that our planet’s life support systems and social institutions are now at a breaking point. Unbridled consumption and the importance of bottom-line growth are at the root of the climate crisis, our alienation from nature, and the profound social and economic divisions that have become existential threats to humanity today. Overcoming these challenges will require paradigm shifts in thinking, living, and doing business. Pursuing sustainability that seeks only to do less harm is no longer good enough.

 

Instead, we need to create symbiotic, mutually beneficial relationships with nature and society that benefit more than just shareholders. Today’s businesses must urgently become a regenerative force that elevates or creates an exponential positive impact on everything they touch—customers, employees, suppliers, contractors, the environment, communities, and investors. We are mindful that we exist within highly diverse and nested systems and must all play unique, reciprocal, and synchronized roles in a world that needs healing.

 

Our collective success will be measured by how quickly we can decouple economic and social prosperity from the destruction of our planet’s life support systems. We choose this path because it is the only way to a destination where everyone has the opportunity to thrive and prosper on a healthy planet. We choose this path because we believe it is the only way to create lasting value for all stakeholders, not just shareholders. We choose this path because it is inseparable from the Lopez Values that have, and always will, define us.

Chosen Path

We take the path that puts the welfare of present and future generations as our foremost concern. We use our heritage and expertise as a leading geothermal energy provider to fulfill our duty to co-create a regenerative society.

We strive to deepen our relationships with customers.  Understanding their need for dependable and affordable renewable energy, we purposefully innovate to improve our services to provide the best possible customer experience.

We embark on broadening the markets we serve. Our four decades of advancing renewable energy in the Philippines create the impetus to expand globally and accelerate decarbonization.

We build trusted partnerships with public and private stakeholders to shape a regenerative society. We commit to thinking, living, and doing business in a manner that enables nature to flourish and humanity to prosper alongside an economy that advances.

We foster a  culture that cares deeply for the well-being of our people. We empower people to reach their full potential in a workplace where accountability, performance orientation, and collaboration is the norm.

EDC Affiliates

EDC Integrated
Report 2022

Energy Development Corporation (EDC) is a global and diverse renewable energy company with 46 years of pioneering sustainable practices. As the Philippines’ leading 100% renewable energy producer which accounts for almost 20% of the country’s total installed renewable energy capacity, EDC also provides 61% of the country’s total installed geothermal power. At the heart of EDC’s overall mission is its vision of a regenerative future manifested through impactful environmental and social programs implemented in every EDC facility. These aim to enhance the ecosystem and uplift the lives of those in its partner communities exponentially.

Mission

To forge collaborative
pathways for a decarbonized
and regenerative future.

Vision

To be the leading global geothermal energy company and key provider of clean, renewable 24/7 energy.

Lopez Credo & Values

As employees of the Lopez group of companies, we believe that our primary reason for being is to serve God and the Filipino people. Thus, we shall always conduct ourselves in a manner that is mindful of the long-term mutual benefit of the Lopez Group and the various publics we serve. We will be responsible stewards of all our resources and conscious of our obligation to present and future generations. Since 1928, and in the years and generations to follow, our commitment to the distinctive Lopez values will not change as we remain committed to serving our stakeholders. In our service to the Filipino people, we will be guided by the following distinct Lopez Values:

 

  • A Pioneering
  • Entrepreneurial Spirit
  • Business Excellence
  • Unity
  • Nationalism
  • Social Justice
  • Integrity
  • Employee Welfare and Wellness
 
We know from generations of experience that it is by living according to these values that a company can be built to last

Way to Play

We promote a regenerative society by increasing access to reliable renewable energy through purposeful innovation and proactive partnerships.

 

Our Capability System includes:

 

Sustainable Generation–expansive understanding and management of geothermal resources to develop and optimize resilient assets

Purposeful Innovation–systematic identification and deployment of groundbreaking ideas that improve performance and customer satisfaction

 Committed Stakeholder Ecosystem–integrated approach in building mutually beneficial relationships to progress our regenerative agenda

Transformative Integration–Deft integration of targeted acquisitions that increase corporate value

Organizational Agility–Delivery of fast, customer-centric solutions through self-organized teams who can pivot and prioritize

Purpose

We recognize that our planet’s life support systems and social institutions are now at a breaking point. Unbridled consumption and the importance of bottom-line growth are at the root of the climate crisis, our alienation from nature, and the profound social and economic divisions that have become existential threats to humanity today. Overcoming these challenges will require paradigm shifts in thinking, living, and doing business. Pursuing sustainability that seeks only to do less harm is no longer good enough.

 

Instead, we need to create symbiotic, mutually beneficial relationships with nature and society that benefit more than just shareholders. Today’s businesses must urgently become a regenerative force that elevates or creates an exponential positive impact on everything they touch—customers, employees, suppliers, contractors, the environment, communities, and investors. We are mindful that we exist within highly diverse and nested systems and must all play unique, reciprocal, and synchronized roles in a world that needs healing.

 

Our collective success will be measured by how quickly we can decouple economic and social prosperity from the destruction of our planet’s life support systems. We choose this path because it is the only way to a destination where everyone has the opportunity to thrive and prosper on a healthy planet. We choose this path because we believe it is the only way to create lasting value for all stakeholders, not just shareholders. We choose this path because it is inseparable from the Lopez Values that have, and always will, define us.

Chosen Path

We take the path that puts the welfare of present and future generations as our foremost concern. We use our heritage and expertise as a leading geothermal energy provider to fulfill our duty to co-create a regenerative society.

 

We strive to deepen our relationships with customers.  Understanding their need for dependable and affordable renewable energy, we purposefully innovate to improve our services to provide the best possible customer experience

 

We embark on broadening the markets we serve. Our four decades of advancing renewable energy in the Philippines create the impetus to expand globally and accelerate decarbonization.

 

We build trusted partnerships with public and private stakeholders to shape a regenerative society. We commit to thinking, living, and doing business in a manner that enables nature to flourish and humanity to prosper alongside an economy that advances.

We foster a  culture that cares deeply for the well-being of our people. We empower people to reach their full potential in a workplace where accountability, performance orientation, and collaboration is the norm.

EDC Affiliates

Other Resources

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Head Office: Rockwell Business Center Tower 3, Ortigas Avenue, Pasig City, 1604, Philippines
Phone: (+632) 8667.EDC (8667-7332) | (+632) 7752.2332
Email: corpcomm@energy.com.ph