In December 2021, Super Typhoon Rai, locally known as Odette, hit the provinces of Visayas and Mindanao. One night of strong winds and heavy rains caused over half a billion dollars of damages in the country’s agriculture and fisheries. EDC was quick to help and worked with the local power providers to restore electricity in the localities.
As a country geographically positioned to face an average of 20 typhoons annually, we feel the extreme effects of the worsening climate crisis. From these experiences, we responded by adapting and pushing forth our regenerative agenda. We invested our financial capital in typhoon-proofing our manufactured capitals (facilities). We utilized IBM’s weather forecasting technology as an intellectual capital to help us and our communities prepare for the impacts of typhoons.
These proved to be valuable investments as the minimal damage allowed us to immediately assist our affected employees, contractors, and the residents of the areas where we operate—further strengthening our relationship with the communities. One example is our project in Ormoc, Leyte, wherein EDC and the local government developed a disaster preparedness plan that better equips the province to mitigate natural hazards such as severe typhoons. Through this, we expedited the restoration of the power connectivity in the affected areas and boosted the preparedness of the local government we operated in.
As we give back and create value for our stakeholders, they join us in the journey of becoming better stewards of the earth, aid us in our operations with their talents, and bring value to our customers and the Company. These are translated into robust business growth, which will feed again into empowering EDC to fulfill its purpose.
Our EDC values, the relationship among our capitals at our disposal, and our business model as an organization, all work together to create value for our stakeholders. We go beyond renewable energy and elevate everything we touch. We seek to uplift the lives of our stakeholders, promote customer satisfaction, and ensure optimum contribution to the growth of the organization, the development and empowerment of society, and the healing of our environment.