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 energy to our customers, we are able to boost their productivity and engagement in economic activities, reduce supply chain emissions, and lessen our carbon footprint.
We have pursued initiatives and direct investments in education, enterprise development, biodiversity conservation, watershed management, and environmental management. As our services depend on the health and stability of the environment, we also invested in ecosystem services to manage the watersheds in our project sites. We also provided royalty payments for host communities where our power projects are located.
Moreover, EDC conducted stakeholder surveys to evaluate our performance and monitor key Corporate Social Responsibility (CSR) performance indicators. This allows us to assess the effectiveness of our initiatives and their contributions to long-term inclusive growth and self-reliance in our partner communities.