Energy Development Corporation (EDC) bagged a gold and two silver awards at the 8th Asia Sustainability Reporting Awards (ASRA), the most prestigious awards for sustainability and integrated reports.
EDC received the three awards for its exemplary 2021 integrated report, with one gold for Asia’s Best Sustainability Report (CEO Letter category), a silver for Asia’s Best Sustainability Report (Private Company category) and another silver for Asia’s Best Integrated Report (Value Creation category).
Rajesh Chhabra, founder of ASRA and managing director of CSRWorks, said: “EDC’s integrated report demonstrates its commitment to high-quality disclosure about how it manages material environmental, social and governance issues, risks and opportunities to create sustainable value for its stakeholders.”
The CEO Letter category considers messages from top executives that were published in sustainability and integrated reports. Value Creation, on the other hand, evaluates short-, medium- and long-term value resulting from the positive outcomes of the companies’ business activities. Asia’s Best Sustainability Report for Private Companies looks at environmental, social and governance (ESG) reports that were voluntarily released by companies.
“We are grateful to CSRWorks for recognizing our 2021 integrated report, which mirrors our over 1,400 employees’ hard work in providing a reliable source of 24/7 clean, renewable energy to our fellow Filipinos in a way that nurtures the environment and our communities,” said Atty. Allan Barcena, assistant vice president and head of corporate relations and communications at EDC. “These awards inspire us to not only keep on improving our reports but more importantly, to work towards having a regenerative ESG performance.”
The winning reports are selected based on a rigorous assessment process, with an independent judging panel determining the finalists and winners.
(Story/Photos by: Frances Ariola)