Rokajax search

Thursday, 11th August 2022



  • Home
  • Lopez Companies
    • Business and Finance
    • Calendar
    • Promos and Offers
    • Lopez Group Companies
  • HR Updates
    • HR Council
    • Business Excellence
    • Job Opportunities
  • Employee News
    • Message from Lopez
    • Meet the Executive
    • Meet the Team
    • Milestones
    • Spotlight
    • Advocacy
  • Corporate Sustainability
    • ABS-CBN Foundation
    • Sagip Kapamilya
    • OML Climate Change Center
    • Knowledge Channel
    • Lopez Museum
  • Lifestyle
    • Kapamilya Entertainment
    • Power Plant Mall Finds
    • ABS-CBN Publications
    • Food and Recipes
    • Lifelong Wellness
  • Blog
  • Lopez Values
    • 7 Lopez Values
    • The Credo
    • Web Comics
    • Special Feature

Powering a regenerative and decarbonized future

Twitter

EDC elevates the environment primarily through BINHIEDC elevates the environment primarily through BINHIThe global COVID-19 pandemic has reinforced one of the most important lessons from climate change, in that any and all actions of human beings have corresponding consequences on the environment.

In business, the question posed in particular has been how to redefine value for stakeholders. This has led to the often-repeated mantra of “people, planet and profit,” emphasizing the goal of doing less harm, or avoiding harm, to the environment.

However, the pandemic as a public health crisis has seemingly disproved the notion that such measures suffice in ensuring the welfare of future generations.

Today, the challenge lies in not only minimizing the bad but growing the good. From an enterprise mindset of leaving things as one had found them, the greater mission is to leave things in a better state than before—to grow, nurture and elevate everything that a business touches across all aspects of its operations to produce more positive outcomes.

This is the spirit of regenerative development that Energy Development Corporation (EDC) has undertaken as its revitalized mission. Coupled with its relentless pursuit toward a decarbonized environment, it sees these approaches as part of an effective framework to mitigate this century’s single most defining issue of climate change.

Key stakeholder groups

EDC’s regenerative mission touches five key stakeholder groups. With employees comprising the lifeblood of daily operations that deliver power to consumers, elevating them means treating them with malasakit or a deep concern for their welfare. This is a core value of the Lopez Group that EDC is part of.

At the start of the pandemic and up to this day, malasakit has been the touchstone of management directives to work from home, disburse financial assistance and repurpose benefits to keep team members and their families comfortable and safe.

Malasakit extends as well to EDC’s communities of operations, where the health and safety of residents are top priority. More than that, elevating them means building their capacity through livelihood and educational opportunities. The SIKAT scholarship program, for instance, has been providing not only scholarships to underserved youth but career opportunities and long-term professional development. With the ongoing COVID-19 pandemic as well as perennial natural disasters and climate threats, the resilience of these communities is fortified through partnerships with local government units and assistance to various public healthcare and other needs.

With geothermal energy relying on the natural steam beneath the earth’s surface, the environment is a key impact area that EDC elevates primarily through its flagship BINHI greening program. The program has successfully identified 96 threatened Philippine native tree species as priority and is continuously elevating them from extinction through propagation.

BINHI success

The ongoing success of BINHI is in no small part due to another stakeholder, which is EDC’s strategic multi-sectoral partners. The company elevates these partnerships through the exchange of knowledge and information dissemination that seeks to enrich the science behind environmental conservation.

Among EDC’s most notable partnerships are with the Global Tree Assessment program of the International Union for Conservation of Nature through its secretariat, Botanic Gardens Conservation International; with the University of the Philippines Institute of Biology for EDC’s biodiversity and conservation monitoring program; and with the Philippine Eagle Foundation for the protection and propagation of the endangered national bird.

Last but not the least, all that EDC does is for the ultimate benefit and welfare of its energy consumers. Baseload geothermal or what the company refers to as “Geo 24/7,” as well as wind, solar and hydro power, provide an alternative choice for renewable and ecofriendly power for all Filipinos—increasingly so as modern technologies continue to make them more cost-efficient as well.

EDC’s unrelenting commitment to a regenerative and decarbonized energy future through collaborative partnerships seeks to illuminate this path for the entire planet to follow. This is our hope. This is our mission. (Story/Photos by: Atty. Allan Barcena)

More Articles from Lopezlink

First Balfour nets IiP Silver

First Balfour nets IiP Silver

Lopez Holdings attributable net income at P4.181B

Lopez Holdings attributable net income at P4.181B

FPH board declares cash dividends

NBA marathon on ABS-CBN, S+A!

NBA marathon on ABS-CBN, S+A!

Lopez Group wins big at ASR 2018

Lopez Group wins big at ASR 2018

ABS-CBN wins Best TV Station, dominates Golden Dove Awards

ABS-CBN wins Best TV Station, dominates Golden Dove Awards

Jona, Zephanie and more artists sing ‘Dahilan ng Maligayang Pasko’

Jona, Zephanie and more artists sing ‘Dahilan ng Maligayang Pasko’

ABS-CBN, CLJV booters rule First Balfour Football Cup

ABS-CBN, CLJV booters rule First Balfour Football Cup

Dread October! Asian myths, folklore ‘star’ in HBO anthology

Dread October! Asian myths, folklore ‘star’ in HBO anthology

PH ambassador to the US visits ABS-CBN

PH ambassador to the US visits ABS-CBN

ABS-CBN holds on to spot as most watched network

ABS-CBN holds on to spot as most watched network

Christopher Moore Lopez: From groundskeeper to bartender to music producer

Christopher Moore Lopez: From groundskeeper to bartender to music producer

Windswept on Tayak Hill

Windswept on Tayak Hill

My experience of Smart & Sustainable Cities in ASEAN

My experience of Smart & Sustainable Cities in ASEAN

Freebies overload with new SKYbundles offer!

Freebies overload with new SKYbundles offer!

ABS-CBN Publications

‘Pantawid ng Pag-ibig’ concert records 3.7M online views

‘Pantawid ng Pag-ibig’ concert records 3.7M online views

ABS-CBN’s “Pantawid ng Pag-ibig: At Home Together Concert” recorded 3.7 million views during its livestreaming across the network’s digital platforms on March 22.

Subscribe to Lopezlink

Lopez Holdings Corp. All rights reserved



About Us | Copyright | Sitemap | Archive