Datasets:
WHATX
/
ESG_Report

Dataset card Data Studio Files
xet
 Community
text
stringlengths
0
7.73k
Total energy (indexed to net sales) MWh per net sales (MM $USD) 385 294 275 251 -35.0.
Waste disposed: landfill, treatment and incineration (absolute) Metric tons 145,000 136,000 158,000 151,000 4.14.
Waste disposed: landfill, treatment and incineration (indexed to net sales) Metric tons per net sales (MM $USD) 6.84 5.09 5.21 4.69 -31.4.
Starting in 2016, waste disposed and waste by disposal type does not include waste-to-energy. Total hazardous and total nonhazardous waste below includes waste-to-energy.
Total hazardous waste (absolute) Metric tons 47,700 42,300 45,600 58,300 22.2.
Total nonhazardous waste (absolute) Metric tons 132,000 134,000 172,000 182,000 37.9.
Total water use (absolute) Million cubic meters 49.0 43.0 42.2 44.7 -8.78.
Total water use (indexed to net sales) Million cubic meters per net sales (MM $USD) 0.00231 0.00161 0.00139 0.00139 -39.8.
Health and safety.
Global lost time incident rate Per 100 3M employees (200,000 work hours) 0.594 0.364 0.321 0.331 -44.3.
Global recordable incident rate Per 100 3M employees (200,000 work hours) 1.85 1.56 1.22 0.967 -47.6.
Feature stories Who we are How we work What we create About report 229 3M 2021 Sustainability Report | #improvinglives
Corporate Headquarters 3M Center St. Paul, MN 55144-1000 USA (651) 733-1110 www.3M.com/Sustainability © 2021 3M. All rights reserved.
ENABLING SUSTAINABLE RECOVERY 2020 INTEGRATED REPORT
To help the economy rise from the effects of the pandemic, AC Energy remained focused on its renewables growth strategy. Our 2020 investments in the Philippines created more than 3,000 jobs within our host communities, and continue to be vital pieces towards reigniting the economy and creating economic activity.
We believe that moving to a low-carbon economy will produce jobs and further prevent human harm. The World Bank estimates that transitioning to low-carbon, resilient economies could create 65 million new jobs by 2030*. We will continue to collaborate with partners that can help us drive progress towards our sustainable energy transition.
Photo: Concrete pouring of the massive wind turbine foundation *Worldbank.org, Human capital and climate action: Outcomes that deliver for people and planet, May 12, 2020.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT Enabling Sustainable Recovery 2 1
About the Report.
Approach to Reporting This is the second Integrated Report of AC Energy Corporation (PSE: ACEN), formerly AC Energy Philippines. The Report outlines AC Energy Corporation’s value-building strategy towards its stakeholders, measuring its impact on the economy, society and the environment, while managing risks and leveraging on opportunities in its external and internal environments.
Reporting Principle and Period Covered The Report is prepared in accordance with the Key Guiding Principles and Content Elements of the Integrated Reporting <IR> framework as defined by the International Integrated Reporting Council (IIRC), and discloses AC Energy’s performance as against its Key Performance Indicators (KPIs). The Report also references the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI).
The information in this Report covered the period January 1, 2020 to December 31, 2020.
Forward-looking Statements AC Energy Corporation discloses forward-looking statements and illustrations in the Report to aid current and potential investors and stakeholders understand the AC Energy Corporation management’s assessment of the company’s future plans, financial outlook and overall prospects.
Forward-looking information are dependent on certain assumptions based on what the company knows and expects as of the current period. These statements are subject to certain risk factors and uncertainties, some of which may be beyond the company’s control and may differ materially from those implied.
Management Review The contents of the Report have been reviewed by the senior executives of AC Energy Corporation, including the President and Chief Executive Officer, Chief Finance Officer, the Head of Legal and Regulatory and the Vice President and Head of Corporate Communications and Sustainability.
External Assurance To establish quality and materiality of the information contained herein, AC Energy has engaged DNV as an independent third-party external verifier to assure and review the nonfinancial disclosures made in the report.
The conducted assessment used VeriSustain Protocol, which is aligned with the ISAE3000 and AA1000AS standards and the GRI Standards framework. This covered procedures and supporting documents governing materiality, stakeholder engagement as well as performance and management approach for economic, environmental and social aspects of the business. Results and recommendations made in the external verification will be tackled by both senior management and board members of AC Energy for continuous improvement of our data collection, control and reporting practices.
Feedback We welcome inquiries and feedback on this report. Please email investorrelations@acenergy.com.ph.
Table of Contents 4 About the Report 5 Protect, Serve, Pivot: Ayala Group's Response to the Pandemic 9 AC Energy in 2020 13 Message from the Chairman and the President 17 Sustainable Transformation 21 Geographic Presence 23 How We Create Value 25 Our Sustainability Focus Areas 45 Governance and Leadership Team 75 Annexes.
ABOUT THE REPORT.
Photo: North Luzon Renewables Wind Farm in Pagudpud, Ilocos Norte.
Enabling Sustainable Recovery 4 AC ENERGY CORPORATION 2020 INTEGRATED REPORT 4 3
Enabling Sustainable Recovery 6 AC ENERGY CORPORATION 2020 INTEGRATED REPORT 5.
MESSAGE INTRODUCTION CREATING VALUE GOVERNANCE ANNEXES 2020 HIGHLIGHTS
Enabling Sustainable Recovery 8 AC ENERGY CORPORATION 2020 INTEGRATED REPORT 7
AC ENERGY CORPORATION IN 2020.
AC Energy in 2020 CORPORATION.
We aspire to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5GW of renewables capacity by 2025.
The Philippines remains to be AC Energy’s core market, and the company reinforces its strong commitment to invest in much needed energy projects in the country as it takes strides to expand and diversify its generation portfolio, and significantly increase its renewables capacity.
2020 % Renewables Share Increase 1,034 MW 2018 416 MW 15% 47%
Net Income ₱3.75B.
Market Capitalization ₱110.48B 65x 7x.
Revenue ₱20.44B 27% 29% 71%
Under Construction Operating.
Shareholders' Equity ₱21.35B 30% 62 MW 354 MW 491 MW 543 MW.
Thermal RE RE Share %
Photo: 120 MW GigaSol Alaminos in Laguna.
Our 120 MW GigaSol Alaminos solar farm features a pioneering Sustainability Hub and is surrounded by Ayala Land’s Carbon Forest.
Enabling Sustainable Recovery 10 AC ENERGY CORPORATION 2020 INTEGRATED REPORT 9.
MESSAGE INTRODUCTION CREATING VALUE GOVERNANCE ANNEXES 2020 HIGHLIGHTS
2020 HIGHLIGHTS.
Birds of the Conservation Estate In Ilocos Norte, residents have discovered the value of protecting nature, and have become stewards of AC Energy’s Conservation Estate. The forests witness an increase in biodiversity as AC Energy and its wind farms, North Luzon Renewables and NorthWind, with the help of the locals, create an ecologically diverse landscape. The forest is now home to 117 species of birds, 33 of which are endemic, and four are classified as vulnerable.
Capacity Building With various training workshops to build their skills, local residents learn sustainable farming techniques such as contour hedgerow and watershed systems at AC Energy’s model farm in Ilocos Norte. They are also taught how to produce mushrooms, ginger, ube, and other root crops, fruits and vegetables. Today, there are close to 2,000 fruit trees of cacao, coffee, calamansi and cashew flourishing in the farm.
2020 Highlights.
Our sustainability strategy is embedded in our corporate strategy and aligned with the UN Sustainable Development Goals.
Renewables Share 47%
MTC02e Emissions avoided 349,437.
Piloting circular approach in construction sites AC Energy integrated a circular approach in its renewable energy developments. In Alaminos and Palauig, a total of 8, 645 kg of plastic waste from solar panel packaging have been recycled into eco bricks to be used as construction materials for solar plant facilities.
Protecting the Turtles In the coastal town of Bangui, species of endangered marine turtles have been observed laying eggs and nesting along the shoreline of the bay. Through awareness campaigns and continuous coordination with the locals, the danger of poaching and smuggling of the eggs have significantly decreased, with the residents acting as guardians of the endangered species, becoming partners of AC Energy in turtle conservation.
Land protected and restored.
Sustainability Investments 910 hectares ₱151.51M from 2018 to 2020.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT Enabling Sustainable Recovery 12 11.
MESSAGE INTRODUCTION CREATING VALUE GOVERNANCE ANNEXES 2020 HIGHLIGHTS
MESSAGE FROM THE CHAIRMAN 14.
Message from the Chairman and the President.
Dear Fellow Shareholders,
After more than a year, the COVID-19 pandemic remains as the most challenging crisis we have all faced in recent times in terms of its unprecedented impact to human life as well as our healthcare and economic system. Amidst the continuing challenges, we recognize the tremendous sacrifice and service of our many healthcare and economic frontliners. We deeply appreciate all that you continue to do for the country.
Strong Bayanihan spirit On behalf of the entire Ayala Group, we give our sincere thanks to the entire AC Energy team for its unwavering commitment to go the extra mile to ensure stable and reliable access to power for our communities, especially during these times. We extend our deepest gratitude to our various energy frontliners, some of whom have had to stay at our powerplants and away from their families for several months in order to provide power for commerce, industry and everyone working and schooling from home.
We also thank our colleagues at AC Energy for going beyond the call of duty and contributing resources in the fight against COVID-19. Your assistance in establishing treatment facilities early during the pandemic was greatly appreciated. We are delighted to see the strong spirit of Bayanihan in our organization, and hope that we can sustain this moving forward.
As our understanding of the pandemic deepens, we believe that there is now a renewed appreciation of the interconnectedness of communities and the infrastructure that hold these together. We recognize that complex global issues, such as the pandemic, economic inequality, and climate change, trace their roots to failures in fully integrating sustainability principles to decision-making and operations. In the same vein, embracing sustainability will be our way forward in addressing these intricate global challenges. We are encouraged that several governments and private institutions, including many in the Philippines, are renewing their commitments to these same principles.
Green-led recovery Amidst plans to revive our economy, we believe that we have a once-in-a-lifetime opportunity to “build back better” towards a more sustainable, resilient, and inclusive future as we steadily move the post-COVID world. Sustainable recovery is now seen as perhaps our best and only way forward to achieve our environmental goals to mitigate climate change, to create jobs, build economic resilience, and ultimately, improve the well-being of people. We are delighted that AC Energy has made significant progress along these fronts and continues to be recognized as a key contributor to sustainable growth and development.
For the past year, AC Energy Corporation or ACEN, remained focused on its renewables growth strategy through continuous renewable energy investments. Despite the difficult year, the company earmarked ₱10 billion in CAPEX and augmented its generating capacity with the construction of two new solar plants, battery storage and firming facilities in Luzon. This brings ACEN’s total attributable capacity to 1,034 MW, with almost half of the capacity coming from renewable sources. Our 2020 investments created more than 3000 jobs within our host communities and continue to be vital pieces towards reigniting the economy and creating economic activity.
As the country looks ahead to bounce back quickly from the pandemic, ACEN remains strongly committed to our vision of a sustainable energy future. In fact, we believe that this commitment to a green-led recovery is more important now than ever. Towards this end, we built our sustainability framework on three focus areas embedded across our business operations, governance, and culture. We aim to have a low carbon portfolio by 2030, protect the environment, and invest in our host communities.
Enabling Sustainable Recovery 14.
MESSAGE INTRODUCTION CREATING VALUE GOVERNANCE ANNEXES.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT 13 2020 HIGHLIGHTS MESSAGE FROM THE CHAIRMAN AND THE PRESIDENT
MESSAGE FROM THE CHAIRMAN AND THE PRESIDENT.
Extraordinary turnaround year AC Energy Corporation registered a record ₱3.75 billion in net income in 2020, an exceptional performance that was driven by three factors:
First, the company was able to achieve significant improvement in operating efficiencies and reliability. Plant availability increased by 29 percentage points for its thermal assets. These improvements were borne out of the plant renewal initiatives that the company carried out when it started the transformation journey in the middle of 2019.
Second, the company significantly improved its operating margins. This was largely driven by the ability to secure longer term contracts that provide more stable cash flows. The company’s agile energy portfolio also allowed the strategic sourcing of competitive priced electricity and fuel to help improve margins. Third, the company successfully completed the.
Net Income ₱3.75B.
Total Attributable Capacity 1,034 MW.