EDC 2014 SR (UPDATED)

EDC 2014 Performance Report
EDC RECEIVES CERTIFICATION
FOR RESOURCE MANAGEMENT
FEATURE
become waste material, this process replenishes and secures
the resource as the condensates become raw material. A total
of 160 geothermists continuously analyze the three-kilometer
reservoir below, conducting research and development to
ensure its optimum feed to the geothermal projects.
Resource security is further strengthened by environmental
management systems in our operating sites, a certification
that we strive to maintain. Our Southern Negros Geothermal
Project was recently certified to ISO 14001:2004 by SGS
Philippines under the United Kingdom Accreditation Service.
This certification is focused on identifying and minimizing a
company’s environmental risks and impacts.
Steam and water, EDC’s raw materials for power generation,
are natural resources that take time to regenerate, following
cycles and processes beyond man’s control. Geothermal
energy production depends on meteoric water or rainwater
in EDC fields by up to 59% and hydropower by 100%, which
is also regulated by a healthy forest.
To ensure resource security while protecting natural
processes, a key sustainability target of our company, we
undertake continuous process innovations and adopt cuttingedge
technologies and best industry practices. Resourcesecurity
initiatives also work towards minimizing the intensity
of natural resource use.
Aligned with our target of resource security is our 2014
certification for ISO 9001: 2008 from TUV Rheinland Cert
GmbH. The certification attests and validates our performance
standards in resource management in our operating fields in
the Bicol Region, Leyte Province, the Negros Islands, and in
Mount Apo in Mindanao, and at the Head Office.
Taking more than a year and completed in 2014, the
certification process required the thorough review of the
processes and practices of the EDC Resource Management
Division of its Geosciences and Reservoir Engineering Group.
Our performance in personnel safety, equipment calibration,
and maintenance planning, as well as following best industry
practices were also key to qualifying for the certification.
Starting in April 2013, the certification initiative aimed to
establish a model that will systematically reduce EDC’s
environmental impacts and implement waste reduction and
conservation programs that will result in savings in operating
cost. SGS conducted stage one of the certification audit
in SNGP in June 2014 and stage two in July 2014. The
certification was then granted in August 2014 after it was
established that our management system was in line with
the requirements of the ISO 14001: 2004 standard and we
demonstrated the ability to systematically achieve agreed
requirements within the scope and the organization’s policy
and objectives. The certificate is valid for three years, subject
to an annual surveillance audit.
The totality of the company’s environmental stewardship is
focused on watershed management, which includes social
forestry, biodiversity protection and monitoring, forest
protection, and ecosystem valuation. Because of these
initiatives, backed by our accurate, cost effective, reliable,
and timely technical innovation, our company is able to
ensure base load power generation for our customers and
to strengthen our position as an international geothermal
power developer.
EDC is also one of the first adopters of reinjection. We reinject
geothermal condensates into the three-kilometer geothermal
reservoir after processing the steam to become electricity.
Rather than release the condensates into the environment to
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