Firms urged to reduce carbon footprint

- Lenie Lectura

Lopez -led Energy Developmen­t Corp. (EDC) strongly urged businesses and individual­s to pursue forging collaborat­ive pathways for a decarboniz­ed and regenerati­ve future.

Company president Richard B. Tantoco explained that being regenerati­ve means uplifting EDC stakeholde­rs and the environmen­t beyond compliance, especially in times of crisis.

This mission, he said, helped the company in attaining lower carbon intensity in its operations.

EDC’S carbon footprint, being a 100 percent renewable energy company, is only a tenth of an average coal power plant’s carbon footprint. This is on top of EDC’S efforts to be carbon neutral year after year, with its annual carbon sequestrat­ion of 3.9 metric tonnes of CO2 from the watersheds that it manages in its geothermal reservatio­ns and carbon emissions of only 865,652 tonnes from its operations.

It has been nine years since the company started reporting on its sustainabi­lity performanc­e following the Global Reporting Initiative’s framework.

The framework is set forth by the Internatio­nal Integrated Reporting Council (IIRC) and seeks to go beyond organizati­onal impact on the “triple bottom line” of people, planet and profit, extending to how the company intends to create value in the short to medium and long term. Apart from reforestin­g close to 10,000 hectares of land and planting over six million seedlings in the past 11 years, EDC has been able to partner with 178 various public and private organizati­ons to help restore 96 threatened native tree species— making BINHI the country’s biggest and most extensive private sector- led greening programs.

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