Our ESG Approach

ACEN’s aspiration to be a leading renewable energy provider is driven by its goal to create value that would benefit society, as well as our employees and shareholders. Sustainability is at the core of our business, and it is integrated into the way we do things.

Last October, we announced our commitment to achieve Net Zero greenhouse gas emissions by 2050. ACEN recognizes that we have a role to play in addressing the rising global temperatures, threatened biodiversity, and social inequality.

We believe that strong Environmental, Social, and Governance (ESG) performance is an indicator of long-term financial growth and resilience for a company.
We collaborate with different partners and influence others to do the same, in order to help accelerate the energy transition, and shape the future together.

We aim to deliver long-term value for all our stakeholders and continue to develop initiatives across our ESG strategy to have a clear roadmap, as well as metrics and targets, that track our ESG performance alongside our financial performance.

This journey is not just for ACEN but for all our stakeholders as well.

Environment

Environment Net Zero
by 2050
  • We have ~4,000 MW of renewable energy capacity across the Asia Pacific.
  • We are committed to transition the company’s generation portfolio to 100% renewable energy by 2025.
  • Our Environmental and Social Policy is a pillar of how we develop and operate our plants.

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Social

Social Investing
in People
  • We create programs that support the development of the entire organization.
  • We partner with our host communities, local leaders and organizations to develop programs that would help address social needs.
  • We continue to partner with our customers, suppliers, employees, and communities in prioritizing health and safety, environmental protection, labor and ethical business practices.

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Governance

Governance Integrating
Sustainability
  • We are committed to transparency, accountability, and ethical business conduct, in full compliance with applicable laws and regulations.
  • We embed sustainability in the way we work and in our strategic planning, capital allocation, business development and operations.
  • Our board and governance structure provides effective oversight over strategic decisions, and appropriate monitoring of performance.

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Net Zero
Company by
2050
Renewable Energy
Capacity
~4,000 MW
Renewable Energy
by 2050
100 %

Sustainability Highlights

While we develop clear metrics and targets to track and communicate our sustainability performance, just as we have for financial performance, we continue to drive company-wide support to Environmental, Social and Governance (ESG) standards and practices across the organization starting from the top management, permeating across the organization.

Our ESG Performance


100%
Renewables
by 2025

Read more about our ESG approach

Total Renewables
Capacity

~4,000 MW

Renewables
Share

98%

Emissions
Avoided

4.2 MILLION mt co2e*

Investments in
Renewable Energy

₱71.4 BILLION*

Environment

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Forest
Protected

1,903 ha

Trees
Planted

574,120

Water Recycled/
Returned

99%

Upcycled
Plastics

37,517 Kilograms

Social

Read more on how we invest in people

Investment
in Communities

₱89 MILLION

Taxes Paid to
Local Govt.

₱3 BILLION

Jobs
Created

over 7,500

Employee
Diversity

27% Female

Governance

Read more about how we embed sustainability in our business

Board
Diversity

45% Female

Independent
Directors

36%

Leadership
Positions

35% Female

Reported Incidents
of Corruption

0

*from 2021 to Q3 2023

Our Environmental & Social Policy

Paving the way to integrate sustainability in the way we work and influence our decision-making on strategy, capital allocation, operations, governance, and culture is our Environmental and Social (E&S) Policy, with the aim to deliver long-term value for all our stakeholders.

As part of our sustainability commitment, we implement the Environmental and Social Management System (ESMS) to manage E&S risks and impacts throughout the life cycle of our projects. Through the ESMS, we are able to identify and assess E&S risks to develop appropriate action plans and mitigation measures.

Read more about our E&S Policy


Our Environmental and Social Management System Process


PHASE 1:
ASSESS E&S RISKS

Step 1. General E&S Risk Identification

Step 2. Risk Prioritization

Step 3. Stakehoider Engagement and Mapping

Step 4. Emergency Scenarios Assessment

PHASE 2:
MANAGE E&S RISKS

Step 5. Formulate E&S Action Plan for Priority Risks

Step 6. Formulate Stakeholder Engagement Plan

Step 7. Develop Stakeholder Communication Platform

Step 8. Formulate Emergency Preparedness Plans (as necessary)

PHASE 3
APPROVAL OF E&S ACTION
PLANS

Step 9. Secure approval of E&S Action Plans

Step 10. Issue Notice to Proceed

PHASE 4 & 5:
IMPLEMENTATION
MONITORING & REPORTING

Step 11. Ensure compliance with national regulatory requirements and internal monitoring of E&S Action Plan implementation

Step 12. Conduct a semi-annual review on the progress and compliance of all E&S Action Plans and Stakeholder Engagement Plans

Policies & Reports

Policies

Reports

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