CDP Improved ACEN Corporation's Rating to "B" for the Climate Change Impact Report

ACEN Corporation has demonstrated its dedication to environmental stewardship by receiving a "B" rating from CDP, a global non-profit organization that manages the most popular environmental disclosure platform in the world, for its climate change disclosure. With two more stars than in the previous year, ACEN's assessment highlights the company's commitment to decarbonization and strict adherence to environmental regulations.

Since beginning its disclosures with CDP in 2022, ACEN has actively participated in the Climate Change questionnaire, contributing to the world’s most comprehensive inventory of self-reported environmental data. The company’s ongoing efforts align with the increasing demand for environmental transparency from financial institutions, customers and policymakers.

In 2022, ACEN completed the world’s first Energy Transition Mechanism (ETM) transaction that enabled the full divestment of the 246 MW South Luzon Thermal Energy Corporation (SLTEC) coal plant. Under the ETM framework, the coal plant will be retired by 2040, reducing its operating life of up to 50 years by half and reducing up to 50 million metric tons of carbon emissions.

In 2023, ACEN was also the first energy company in Southeast Asia to launch a robust Net Zero roadmap, which includes near-term emission reduction targets aligned with the GHG protocol and the latest climate-science.

Jonathan Back, ACEN Group CFO & Chief Strategy Officer, said: “Our commitment to environmental transparency through CDP is a pivotal element of our sustainability strategy. It not only reaffirms our accountability to stakeholders but also enhances our capability to manage environmental risks as we expand our renewable energy portfolio globally.”

Sherry Madera, CDP CEO, said: “With over 23,000 businesses disclosing through CDP this year, it is clear that sustainability – and the data that underpins it - is not a ‘nice to have’, but an essential part of long-term success in the business community that is showing no sign of slowing down – nor should it.

“Disclosure works, and today we should take a short pause to celebrate the dedication to transparency and accountability shown by ACEN reporting through CDP this year. A 1.5-degree future is still possible if the global community works in lockstep to get there. By sharing their environmental data with CDP, ACEN is starting/continuing an environmental journey that will contribute to keeping that future in sight,” she added.

​ACEN (PSE:ACEN) is the listed energy platform of the Ayala Group. The company has ~4,800 MW of attributable capacity from owned facilities in the Philippines, Australia, Vietnam, Indonesia and India, with a renewable share of 99 percent, among the highest in the region. ACEN’s aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 20 GW of renewables capacity by 2030. ACEN is committed to transition the company’s generation portfolio to 100 percent renewable energy by 2025 and to become a Net Zero greenhouse gas emissions company by 2050.​

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over USD137 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests.