ACEN aligns itself with the United Nations Framework Convention on Climate Change and the Paris Agreement on reducing global carbon emissions to limit global temperature increase to well below 2 degrees Celsius. Consistent with the Ayala group’s commitment to the UN Sustainable Development Goals, ACEN is additionally focused on protecting the wider environment and creating value for the communities it serves.
This ESG policy statement has been approved by the ACEN Board of Directors and is fully supported by the ACEN Group’s management, officers, and employees, and serves as a guide to the ACEN Group as it pursues its priority targets and goals through 2050.
1. We are committed to Net Zero GHG emissions by 2050
By 2025: ACEN attributable capacity will be 100% renewables generation, which will result in zero Scope 1 stationary GHG emissions from the company’s generation portfolio.
By 2030: ACEN aspires to reach 20 GW of renewables capacity by 2030
By 2040: Early retirement of the 246 MW SLTEC coal plant, and its transition to cleaner technology by 2040
2. We aspire for excellence in environmental management
ACEN commits to protecting and conserving biodiversity, preserving ecosystem services, and sustainably managing and utilizing living natural resources throughout the lifecycle of its power plants.
Forest Use/Land Conversion
Endangered and Migratory Species
ACEN aims to be highly sensitive in selecting its project sites and in this regard, it aims to implement projects in areas: (a) which are not of significant importance to Critically Endangered or Endangered Species, as listed on the International Union for the Conservation of Nature (IUCN) Red List of Threatened Species if the project would lead to a net reduction of the species over a reasonable period of time; and (b) where migratory species will not be threatened with extinction (or where migratory species would significantly benefit from international co-operation), as identified by the Convention on the Conservation of Migratory Species of Wild Animals.
Water Resources and Aquatic Habitats
Recognizing the importance of preserving our water resources, ACEN aims to conserve water resources particularly in areas with limited water resources, by using site appropriate technologies in coordination with regulatory agencies and local communities. To properly manage aquatic habitats, ACEN aims to reduce intake flow for freshwater rivers and streams, lakes and reservoirs, and estuaries and tidal rivers, to a level sufficient to maintain resource use and protect biodiversity.
1“Critical habitat” is defined areas with high biodiversity value, including (i) habitat of significant importance to Critically Endangered and/or Endangered11 species; (ii) habitat of significant importance to endemic and/or restricted-range species; (iii) habitat supporting globally significant concentrations of migratory species and/or congregatory species; (iv) highly threatened and/or unique ecosystems; and/or (v) areas associated with key evolutionary processes. (IFC Performance Standard 6)
3. We seek to fulfill our commitment to protect and improve the communities affected by our operation
ACEN commits to protecting and improving communities, including indigenous populations and vulnerable populations, that are affected by its operations. In this regard:
4. We aspire to be a governance leader in the power industry
ACEN recognizes that good governance permeates a sound and effective ESG policy. As such, it commits to put a premium on environmental and social considerations in making investment decisions and to ensure among others that adequate systems, processes and measures are in place to ensure that this ESG Policy is properly and sufficiently implemented from project conceptualization to investment decision making, then to project development and operations.
ACEN aspires to be a power industry governance leader in all the jurisdictions where it operates and it commits to continuously transform and evolve, as needed, to achieve this target.
To report any illegal act, wrongdoing, malpractice, risk
to the corporation, or any violation of company policy:
*All reports shall be treated in confidence and the identity of the whistleblower
will be protected. The whistleblower shall be protected from all forms of