EDC spearheads Philippine Net Zero Carbon Business Alliance
EDC believes in the vital role of the private sector in its mission of forging a regenerative future. With this, EDC spearheaded the multi-sectoral Net Zero Carbon Alliance (NZCA), a national movement towards net-zero carbon emissions among businesses in the country in which several organizations responded to the call.
The alliance was formed in September 2021, with founding members from homegrown enterprises such as ArthaLand property developer, Lopez Group affiliate First Balfour construction company, Drink Sustainability Communications Agency, Silliman University in Dumaguete, Negros Oriental, as well as local operations of multinational firms Knowles Electronics and Unilever.
The program will provide the members with a framework to attain carbon neutrality. It will also guide partners in tracking, monitoring, and offsetting their carbon emissions, and acquiring a third-party certification for their carbon emissions and offsets. The alliance aims to provide its members access to green financing and other capacity-building tools. It also supports a network of like-minded partners sharing the vision of a decarbonized and regenerative tomorrow.
Within the coalition, EDC will be sharing its expertise as a carbon-negative company through its 100% renewable energy operations and its awardwinning reforestation and biodiversity conservation initiatives.
This initiative aligns with the country’s goal of reducing the Philippine carbon emission to 75%. This is part of the country’s commitment to the Nationally Determined Contributions submitted to the global COP21 Paris Climate Change agreement.