Category: Feature Financial Capital

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

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 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 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 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