Our sustainability progress

ACEN has deepened its commitment to sustainable development and continues to find areas where we can contribute and help solve global issues. We go beyond metrics and regulatory compliance – we aim to deliver value that would benefit society and would impact our employees, customers, suppliers, partners and shareholders meaningfully.

Embedding sustainability across our strategy has established a strong foundation to the entire organization, influencing our thinking and decision making.

We’ve made important progress over the last year through our Environmental, Social, and Governance (ESG) initiatives. To make our sustainability efforts more strategic and focused, and drive the sustainability performance of our organization, we have identified key ESG issues that are material to ACEN and to what matters to our stakeholders. We have established a baseline of our ESG data, including climate that helped us develop our metrics and targets in assessing risks and opportunities.

Our ESG roadmap sets out clear targets to achieve our Net Zero greenhouse gas emissions by 2050 and sustainable development ambitions. These targets are aligned with the UN Sustainable Development Goals (SDGs). The roadmap uses metrics to track our progress toward achieving our goals.

Sustainability
highlights

We’ve made important progress over the last year through our Environmental, Social, and Governance (ESG) initiatives. To make our sustainability efforts more strategic and focused and drive the sustainability performance of our organization, we have identified key ESG issues that are material to ACEN and to what matters to our stakeholders. We have established a baseline of our ESG data, including climate that helped us develop our metrics and targets in assessing risks and opportunities.

Attributable output from
renewable sources

~3,400 GWh

Emissions avoided

~3 million MT CO2e

Equivalent to ~600,000 gasoline-powered vehicles driven for a year1

1 Based on US EPA GHG Equivalencies Calculator
2 Excludes SLTEC employees due to the divestment of the asset in November 2022

Environment Click to be redirected

Completion of

Energy Transition Mechanism

The first market-based ETM in the world

Net Zero Roadmap

Outlines near-term scope 1, 2 and 3 GHG emissions reduction targets aligned with climate science 1.5°C pathway

Biodiversity

Nature habitat areas protected

~2,100 hectares

Trees planted

~731,000

The forests that we protect have become an important wildlife habitat across the region. With the help of our partners in sustainability, we create an ecologically diverse landscape thriving with biodiversity.

Social Click to be redirected

Human capital

713 Employees2

Employee engagement score

93%

Top talent retention rate

95%

Through sustained and cohesive initiatives to integrate our values, vision and culture, our employees identify strongly with our commitment to “do better” by driving positive change for people and planet.

Community

Jobs created

~19,500

Community investments

~ ₱ 123 M

Governance Click to be redirected

In November 2021, ACEN established a board-level Sustainability Committee and an executive-level ESG Committee to regularly review our sustainability strategy, culture and values, while maintaining oversight of performance. An executive level Risk and Health & Safety Committee provides oversight of operational safety and sustainability risks.

Diversity in leadership

Women in leadership positions

39%

We empower our women and allow them to thrive towards true inclusion, recognizing their amazing contributions in the renewable energy space.

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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