EDC 2014 SR (UPDATED)
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>EDC</strong> <strong>2014</strong> Performance Report<br />
(MMT) composed of representatives<br />
from the DENR, the local government<br />
unit, and people’s organizations<br />
representing the community. There<br />
were a total of 10 spills in <strong>2014</strong>,<br />
all of which had no impact on any<br />
water body based on water quality<br />
monitoring results. We did not receive<br />
any notice of violation.<br />
We have also analyzed the ecosystem<br />
services of each project site using<br />
the World Resource Institute’s<br />
(WRI) framework. WRI’s Corporate<br />
Ecosystem Services Review is a<br />
structured methodology and a<br />
strategic tool that helps businesses<br />
proactively develop strategies to<br />
manage risks and opportunities that<br />
arise from their dependence on<br />
natural resources and ecosystems.<br />
Using the framework helped us<br />
identify 154 ecosystem services in the<br />
<strong>EDC</strong> sites, and they are classified into<br />
the three categories of “provisioning<br />
services” (goods and products<br />
obtained by ecosystems), “regulating<br />
services” (benefits obtained from<br />
an ecosystem’s control of natural<br />
processes), and “cultural services”<br />
(non-material benefits obtained from<br />
ecosystems like tourism, religious,<br />
and educational values).<br />
Shared Values<br />
Service contract areas from 2012 to <strong>2014</strong><br />
Project Name<br />
Area<br />
(sq. Km.)<br />
Overlap/Adjacent to a<br />
Protected Area<br />
Mount Zion (North Cotabato, Davao del Sur) 17.06 Mount Apo Natural Park<br />
Balingasag Geothermal Prospect (Misamis<br />
Oriental, Bukidnon)<br />
Mount Ampiro Geothermal Prospect<br />
(Misamis Occidental)<br />
Lakewood (Zamboanga del Norte,<br />
Zamboanga del Sur, Zamboanga<br />
1,471.26 Mount Balatukan Range Natural Park<br />
483.20 Mount Malindang Natural Park<br />
1,743.96<br />
Buug Natural Biotic Area<br />
Dumanquilas Protected Landscape/<br />
Seascape<br />
Mount Timolan Protected Landscape<br />
Mandalagan (Negros Occidental) 777.33 Northern Negros Natural Park<br />
SUBTOTAL 4,492.81<br />
Pantabangan Solar Project (Pantabangan,<br />
Nueva Ecija)<br />
Solar Exploration Areas<br />
Burgos Solar (<strong>2014</strong>) Burgos, Ilocos Norte<br />
Construction Phase<br />
WIND Exploration Areas<br />
Burgos 1 (2013)* Burgos, Ilocos Norte<br />
Pre-construction Phase<br />
Burgos 2 (2013)* Burgos, Ilocos Norte<br />
Pre-construction Phase<br />
3.24<br />
891 ha. None<br />
1,137.15 ha. None<br />
893.40 ha. None<br />
Total New Additional Area for<br />
2013-<strong>2014</strong> (ha.) 2,921.55<br />
Pantabangan-Caranglan Watershed<br />
Reservation<br />
New service contract areas acquired by <strong>EDC</strong> in 2013 and <strong>2014</strong><br />
As a publicly listed company and good<br />
corporate citizen, we are responsible<br />
to a wide range of stakeholders:<br />
from our host communities to our<br />
investors, advocacy groups, and to<br />
our local and national governments.<br />
<strong>EDC</strong>’s commitment is underpinned<br />
by a shared priority towards this<br />
wide network of individuals and<br />
institutions: an increased focus<br />
on sustainable development, a<br />
responsible stewardship of natural<br />
and man-made resources, and<br />
a vision toward equitable socioeconomic<br />
progress where a rising tide<br />
lifts all boats. Every year, we allocate<br />
1% of our net recurring income to<br />
This page contains the following GRI indicator(s):<br />
G4-EN11, G4-EN24.<br />
61
Change language