Energy Development Corporation: A leader in renewable energy
First Gen owned Energy Development Corporation, stands out as the Philippines’ largest and only 100% renewable energy company, with a focus on geothermal energy. As the world’s largest vertically-integrated geothermal company, EDC has been instrumental in positioning the Philippines as the third-largest geothermal energy producer globally. With an installed capacity of 1,463.78 MW, EDC provides clean, reliable, and affordable energy to businesses and communities across the country.
EDC’s commitment to sustainability extends beyond energy production. The company established the Net Zero Carbon Alliance (NZCA) in 2021, a multi-sectoral initiative aimed at achieving net-zero carbon emissions among Filipino businesses by or before 2050. As a private sector-led movement, the NZCA empowers Philippine enterprises to commit to achieving net-zero emissions through a comprehensive framework. This framework encompasses best practice sharing, scaled emission reduction and tracking, and improved access to green financing, leveraging EDC’s extensive decarbonization experience.
The NZCA brings together businesses and organizations from diverse sectors to foster innovation, share best practices, and accelerate the transition to a sustainable, low-carbon economy. Through collaboration and advocacy, the alliance promotes actionable strategies to reduce carbon emissions and support the global goal of limiting temperature rise to 1.5°C.
Building on its 2024 progress, the alliance’s focus in 2025 will be three-fold: strengthening partnerships with key decarbonization enablers both locally and globally, enhancing engagement across diverse industries in the Philippine private sector to broaden its reach and impact, and implementing data-driven performance management systems and assessment protocols that include standardized reporting and enhanced transparency and credibility measures.
Arthaland Corporation: Certified sustainable property development
Arthaland, a pioneering property developer and NZCA partner, continues to lead the charge in sustainable real estate. As a signatory to the World Green Building Council’s Net Zero Carbon Buildings Commitment, Arthaland pledged to decarbonize its operational portfolios by 2030. In 2024 alone, it successfully avoiced 80% of greenhouse gas emissions across its developments. Landmark projects like the Arthaland Century Pacific Tower and Arya Residences, have earned globally recognized green building certifications, including including EDGE Zero Carbon . Beyond commitments, Arthaland’s demonstrated climate action and quantifiable progress are setting a new standard for sustainable development in the Philippines, raising expectations across the real estate sector.
Monde Nissin: Renewable energy adoption
Monde Nissin, makers of household brands like Lucky Me, Skyflakes and Fita , has demonstrated its commitment to “making collective action possible “ for the planet through its collaboration with EDC. Since 2022, Monde Nissin has secured 16 MW of clean energy from EDC’s Unified Leyte Geothermal Plant complex, which powers its 7 out of 8 facilities with renewable energy. This contributed to a reduction of 32% in greenhouse gas emissions intensity in 2024 compared to the 2021 baseline. Additionally, this shift to clean energy has translated to 91% of Monde Nissin’s electricity consumption now coming from renewable sources. This joint effort is driven by Monde Nissin’s aspiration in Making Better Possible®and underscores the importance of working together to accelerate the shift toward cleaner energy sources.
EY/SGV: Sustainability reporting and decarbonization
EY/SGV plays a crucial role in promoting sustainability through transparent reporting and decarbonization strategies. As a global leader, EY aims to become carbon negative and achieve net zero by 2025, with initiatives that include reducing emissions and engaging suppliers in setting Science-Based Targets. In the Philippines, SGV supports companies in aligning with global sustainability frameworks and government mandates, fostering a culture of transparency and accountability in environmental stewardship.
Collective contribution to the Philippines’ NDC
The collective efforts of EDC, Arthaland, Monde Nissin, and EY/SGV are pivotal in supporting the Philippines’ NDC goals. By focusing on renewable energy, sustainable development, and decarbonization, these companies help reduce the country’s reliance on fossil fuels and mitigate climate change impacts.
Renewable Energy Expansion: EDC’s geothermal operations and Monde Nissin’s adoption of renewable energy contribute significantly to reducing the country’s carbon footprint, aligning with the NDC’s conditional reduction targets.
Sustainable Development: Arthaland’s green buildings and EY/SGV’s sustainability reporting practices promote environmentally conscious practices across sectors, supporting unconditional emission reductions.
Collaborative Decarbonization: The Net Zero Carbon Alliance, led by EDC, facilitates a collaborative approach to achieving net zero, providing tools and resources for businesses to transition towards a low-carbon economy. In 2025, NZCA will focus on strengthening partnerships with decarbonization enablers, enhancing industry engagement, and implementing data-driven performance management systems to enhance transparency and credibility.
International collaboration for decarbonization
Recent collaborations highlight the growing importance of international partnerships in accelerating decarbonization efforts. The Japan External Trade Organization (JETRO) has engaged with the NZCA to introduce cutting-edge decarbonization technologies and services tailored to the Philippine market. This partnership underscores the potential for cross-border collaboration in driving impactful climate action, with Japanese innovators providing solutions to support Philippine businesses in their path toward net zero.
The Philippines’ journey towards achieving its climate goals is bolstered by the concerted efforts of key stakeholders like EDC, Arthaland, Monde Nissin, and EY/SGV and over thirty other companies operating in the Philippines. Through their innovative approaches to renewable energy, sustainable development, and collaborative decarbonization, these organizations not only contribute to the country’s NDC but also set a precedent for sustainable practices in their respective industries. As the Philippines continues to navigate the challenges of climate change, the leadership and commitment of these companies will be crucial in shaping a greener future for generations to come.
