Our approach
We continue to grow our renewables portfolio while delivering our climate ambitions that will provide access to clean, reliable and affordable energy.
Our focus
We aim to become a 100% renewable energy company by 2025, and develop, operate and own 20 GW of renewables by 2030.
We target to deliver our commitment for the early retirement of the 246 MW coal plant by 2040 – which we successfully divested in 2022 through an Energy Transition Mechanism.
We aim to deliver our commitment to become a Net Zero GHG emissions company by 2050.
Our approach
We are committed to protecting and conserving biodiversity, maintaining ecosystem services and adequately managing living natural resources throughout the lifecycle of our power plants.
Our focus
We safeguard natural habitats and biodiversity to help address climate impacts.
We continue the implementation of no net loss and mitigation hierarchy in developing our projects.
Our approach
Our energy transition is a journey with our workforce to ensure a Just Transition that leaves no one behind.
Our focus
We aim to enhance the health, safety and wellbeing of our workforce.
We work to develop a diverse workforce and inclusive workplace culture.
Our approach
We develop renewable projects to create greater impact and tangible benefits for the communities where we operate.
Our focus
We ensure that our presence will provide opportunities that will benefit our host communities by creating jobs, livelihood and improved access to human basic needs.
Our approach
We continue to grow our renewables portfolio while delivering our climate ambitions that will provide access to clean, reliable and affordable energy.
Our focus
We proactively work to enhance our ESG reporting in order to deliver on our sustainability ambitions.
We continue to collaborate with all our stakeholders and place their interests at the core of our operations.
We align our processes in all the jurisdictions where we operate and ensuring ESG management practices.
We strive for leadership diversity and inclusion to foster a culture of excellence.
We align our disclosures and policies with the difference ESG frameworks and data providers.
ESG RATINGS
Progress compared to baseline score.
CDP: Climate Change score
Sustainalytics: ACEN garnered a lower ESG risk rating from high risk to medium risk
At the COP28 in Dubai, we announced our partnership with The Rockefeller Foundation’s Coal to Clean Credit Initiative and Monetary Authority of Singapore to pilot the use of Transition Credits for the early retirement of coal plants.
Since 2014, through our forest protection program, we have ~94 kilotons of carbon stored, equivalent to 345 kilotons of carbon dioxide avoided, covering ~625 hectares of our Conservation Estate in Ilocos Norte.
We partner with UP Los Banos in the development and implementation of the methodology. The assessment of the carbon stock additionality was verified by Carbon Check ISO 14064 - 2 (2019).
Trees plantedAcross 39 sites in our areas of operation
1 M trees target by 2025
At the COP28 in Dubai, ACEN launched its Just Energy Transition roadmap in partnership with global coal-toclean accelerator.
Percentage of ACEN employees who responded favorably to the nine Sustainable Engagement items in a survey conducted by Willis Towers Watson.
Top talent retention rateImplementation of framework to align our programs with the Social Progress Index to measure our progress.
Job created
Integrating sustainability into our operations, we have established supplementary policies in 2023 to strengthen governance on crucial ESG themes: ESG Policy, Supplier Code of Conduct, Learning and Development Policy and Human Rights Policy
We empower our women and allow them to thrive towards true inclusion, recognizing their amazing contributions in the renewable energy space.
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 ESG 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.
Step 1. General E&S Risk Identification
Step 2. Risk Prioritization
Step 3. Stakehoider Engagement and Mapping
Step 4. Emergency Scenarios Assessment
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)
Step 9. Secure approval of E&S Action Plans
Step 10. Issue Notice to Proceed
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