EDC 2014 SR (UPDATED)
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<strong>EDC</strong> <strong>2014</strong> Performance Report<br />
General Standard<br />
Disclosures<br />
Page<br />
GENERAL GENERAL STANDARD STANDARD DISCLOSURES DISCLOSURES<br />
Page Omissions External Assurance<br />
REPORT PROFILE<br />
G4-28 Calendar year <strong>2014</strong> Full<br />
G4-29 5/6/<strong>2014</strong> Full<br />
G4-30 Annual Full<br />
G4-31 Frances L. Ariola<br />
(ariola.fl@energy.com.ph)<br />
G4-32 This report covers discussions of material indicators that seek to fulfill the “In Accordance<br />
– Comprehensive” criteria. As in our previous reports, it has been subjected to third-party<br />
validation and the findings are published on page 116.<br />
G4-33 a. <strong>EDC</strong> has been seeking external assurance for its annual performance reports since<br />
2011;<br />
b. Please see our external assurers’ consolidated report on page 116;<br />
c. <strong>EDC</strong> has no direct relationship or dealings with its external assurers. The company<br />
has tapped the University of Asia & Pacific’s Center for Social Responsibility to host<br />
<strong>EDC</strong>’s external validation process; d. First Philippine Holdings (FPH) and <strong>EDC</strong>’s<br />
Chief Sustainability Officer was involved in seeking assurance for <strong>EDC</strong>’s <strong>2014</strong> annual<br />
performance report.<br />
GOVERNANCE<br />
G4-34 p. 93 Full<br />
G4-35 In <strong>2014</strong>, FPH appointed Ms. Agnes C. de Jesus as its Chief Sustainability Officer to lead<br />
the implementation of various corporate sustainability programs including the adoption of<br />
the GRI framework not only in <strong>EDC</strong> but in FPH’s other companies, starting with FirstGen<br />
Corporation. Ms. de Jesus leads <strong>EDC</strong>’s Steering Committee and Technical Working Group<br />
for the GRI program and reports directly to FPH and <strong>EDC</strong> Chairman and<br />
CEO Federico R. Lopez.<br />
G4-36 In <strong>2014</strong>, FPH appointed Ms. Agnes C. de Jesus as its Chief Sustainability Officer to lead<br />
the implementation of various corporate sustainability programs including the adoption of<br />
the GRI framework not only in <strong>EDC</strong> but in FPH’s other companies, starting with FirstGen<br />
Corporation. Ms. de Jesus leads <strong>EDC</strong>’s Steering Committee and Technical Working Group<br />
for the GRI program and reports directly to FPH and <strong>EDC</strong> Chairman and<br />
CEO Federico R. Lopez.<br />
G4-37 pp. 86-87 Full<br />
G4-38 pp. 95-98 Full<br />
G4-39 p. 94 Full<br />
G4-40 p. 94 Full<br />
G4-41 p. 84 Full<br />
G4-42 p. 93 Full<br />
G4-43 p. 82 Full<br />
G4-44 p. 98 Full<br />
G4-45 p. 95 Full<br />
G4-46 p. 97 Full<br />
G4-47 p. 97 Full<br />
G4-48 Our Chief Finance Officer and his team reviews and approves the financial aspects while<br />
our Chief Sustainability Officer reviews the non-financial aspects of our sustainability<br />
report.<br />
G4-49 p. 33 Full<br />
G4-50 NONE Full<br />
G4-51 p. 101 Full<br />
G4-52 p. 101 Full<br />
G4-53 p. 97 Full<br />
G4-54 The total compensation of all our officers and board of directors is 8% of the total<br />
employee cost or approximately 11:1<br />
G4-55 http://www.energy.com.ph/wp-content/uploads/2011/05/<strong>EDC</strong>-ANNUAL-REPORT-<br />
<strong>2014</strong>-PSE.pdf (p. 73)<br />
ETHICS AND INTEGRITY<br />
G4-56 p. 12 Full<br />
G4-57 p. 33 Full<br />
G4-58 p. 33 Full<br />
SPECIFIC STANDARD DISCLOSURES<br />
DMA and Indicators Page or Direct Answer Omissions External Assurance<br />
CATEGORY: ECONOMIC<br />
G4-DMA http://www.energy.com.ph/sustainability/<br />
ECONOMIC PERFORMANCE<br />
G4-EC1 p. 39 Full<br />
G4-EC2 pp. 14-17, 88<br />
(The Environment and the Community)<br />
G4-EC3 p. 73 (Life after <strong>EDC</strong>) Full<br />
G4-EC4<br />
Benefits from duty-free importations:<br />
₱97.63 million<br />
Full<br />
Full<br />
Full<br />
Full<br />
Full<br />
Full<br />
Full<br />
Full<br />
Full<br />
Full<br />
121
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