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A materiality assessment was conducted in order to identify the Company's material issues with regards to its business strategy, capitals, and stakeholder concerns. The Company references the SASB Materiality Map and GRI Standards in identifying its material topics.
The materiality assessment started with the identification of initial topics through industry benchmarking and extensive desk-research based on global ESG standards.
Initial material topics were then priotitized according to the results of consultation sessions, taking into account stakeholder concerns and accounts from stakeholder-facing units.
The findings were further validated through questionnaires disseminated across senior management.
The results are the Company's baseline material topics and will be subjected to annual review to ensure accuracy and relevance.
Footnote: Economic material topics cover all plants listed under ACEN and are reported on an equity share approach.
Footnote: Social material topics cover all plants listed under ACEN excluding the Maibarara Geothermal Plant due to insignificant economic stake by the Company. The Company has no operational control over the excluded plant.
Economic.
Social.
Materiality.
ANNEXES.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT Enabling Sustainable Recovery 78 77.
MESSAGE INTRODUCTION ANNEXES CREATING VALUE GOVERNANCE 2020 HIGHLIGHTS
Material Factors and the relevant <IR> Capitals Specific Topics Why it is Material Management Approach Performance Scorecard Indicator ESG Indicators Reporting Boundary.
Energy Consumption Natural Capital Electricity consumption within the organization Energy, in the form of fuel and electricity is a significant input to our operations.
We conduct continuous monitoring of our energy consumption across all plants and are implementing structural retrofits to improve plant efficiency in identified thermal plants.
• Energy consumed • Energy intensity See Annex: Environmental Performance Indices.
GRI: 302-1.
Fuel consumption within the organization.
Water Consumption Natural Capital Water consumption Water is used in our business operations, especially in our thermal plants.
We conduct continuous monitoring of our water consumption and comply with relevant environmental laws across our plants.
• Water consumed • Water withdrawn GRI: 303-3, 303-5 SASB: IF-EU-140a.1 Extraction from surface water and consumption from third-party water is disclosed in cubic meters.
Effluents and Waste Natural Capital Hazardous wastes The Company's plant operations regularly generate hazardous waste and coal ash as by-products.
We implement a strict policy ensuring that the hazardous wastes that we generate are turned over to DENRaccredited haulers for proper disposal.
• Hazardous waste generated • Hazardous waste disposed GRI: 306-2.
Flyash Management Coal residual is sold to cement processing companies for coprocessing purposes. Excess waste is disposed through DENR-approved disposal pits.
• Flyash generated • Percentage of flyash recycled SASB: IF-EU-150a.1.
Biodiversity Impacts Natural Capital Biodiversity The Company commits to ensuring environmental responsibility is practiced across the different stages of operations.
See pages 31-34 • Habitats protected See Protecting the Environment GRI: 304-1.
Tree planting GRI: 304-3.
Greenhouse gas emissions Natural Capital.
Scope 1 GHG emissions GHG emissions are a by-product of our operations, especially our thermal plants.
The Company regularly monitors its GHG emissions across all its plants.
• GHG Emissions • GHG Intensity See Annex: Environmental Performance Indices.
GRI: 305-1 SASB: IF-EU-110a.1.
Scope 2 GHG emissions GRI: 305-2 SASB: IF-EU-110a.1.
Climate Strategy Natural Capital Manufactured Capital.
Installed RE Capacity Embedded in our business strategy is building towards a low-carbon portfolio.
See pages 27-30 • Attributable RE capacity See A Low Carbon Portfolio by 2030.
RE projects within the pipeline.
Footnote: Environmental material topics cover all plants listed under ACEN excluding the Maibarara Geothermal Plant due to insignificant economic stake by the Company. The Company has no operational control over the excluded plant.
Environmental.
ANNEXES.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT Enabling Sustainable Recovery 80 79.
MESSAGE INTRODUCTION ANNEXES CREATING VALUE GOVERNANCE 2020 HIGHLIGHTS
Economic Performance Unit 2019 Performance 2020 Performance.
Direct economic value generated ₱ 15,998,254.00 22,176,467.00.
Direct economic value distributed ₱ 18,480,902.00 25,461,910.00.
Operating cost ₱ 14,982,848.45 13,957,452.40.
Employee wages and benefits ₱ 382,675.00 1,114,761.00.
Dividends given to stockholders and interest payments to loan providers ₱ 2,530,658.00 8,007,305.00.
Taxes given to government ₱ 580,199.00 2,349,176.00.
Investments to community (CSR, sponsorships, donations, contributions) ₱ 4,521.55 33,215.60.
Procurement Practice Unit 2019 Performance 2020 Performance.
Procurement budget spent on local suppliers % 96% 70%
Electricity and Fuel Consumption Unit 2019 Performance 2020 Performance.
Electricity Consumption kWh 20,230,325.42 14,606,177.67.
Diesel Consumption liters 40,904,680.85 15,097,503.66.
Gasoline Consumption liters 1,832,223.45 32,839.73.
Coal Consumption Tons 782,489.26 1,037,355.79 2019 electricity consumption realigned to capture purchased electricity only.
Energy Consumption Unit 2019 Performance 2020 Performance.
Energy consumption from diesel GJ 1,566,383.66 578,136.35.
Energy consumption from gasoline GJ 63,503.36 1,138.20.
Energy consumption from coal GJ 9,467,050.40 12,531,452.48.
Electricity/indirect energy GJ 72,829.17 52,582.24.
Energy consumed within the organization GJ 11,169,766.59 13,163,309.27.
Emissions Unit 2019 Performance 2020 Performance.
Scope 1 Emissions Tons CO2e 1,006,202.70 1,215,009.82.
Scope 2 Emissions Tons CO2e 14,394.02 10,373.16.
Scope 1 Emissions (attributable) Tons CO2e 513,628.37 1,214,866.86.
Scope 2 Emissions (attributable) Tons CO2e 11,576.31 9,908.66.
Our Scope 1 emissions include the direct combustion of various diesel and gasoline among our Company's plant equipment, generator sets, and company-owned vehicles, as well as, the combustion of coal in SLTEC. Standards used for the computations are based on the GHG Protocol Corporate Accouting and Reporting Standard. The gases reported include carbon dioxide, methane, and nitrous oxide. Our Scope 2 emissions include the indirect energy emissions from the purchase of electricity from the national grid. Location-based grid emission factors used for local facilities are based on the Department of Energy (Philippines).
Water Unit 2019 Performance 2020 Performance.
Water Consumption cu.m 117,292.84 194,254.87.
Water Withdrawal cu.m 248,211,000.00 265,006,345.08.
This table refers to water consumed by ACEN plants from local water supply lines, as well as surface water sourced by SLTEC from Balayan Bay.
Hazardous Waste Generated by Type Unit 2019 Performance 2020 Performance.
Batteries kg 1,300.00 1,215.60.
Electronic waste kg 465.00 4,344.45.
Used oil kg 975,792.98 985,409.02.
Busted fluorescent lamps kg 267.60 333.52.
Oil contaminated materials kg 63,001.70 1,431,801.80.
Chemical contaminated materials kg 50.00 2,338.00.
Other hazardous wastes kg 1,782.00 804.80.
Other hazardous wastes include plant-specific wastes such as clinical waste, resinous material.
Flyash Management Unit 2019 Performance 2020 Performance.
Flyash generated tons 44,277.15 60,955.65.
Percentage of flyash recycled % 92.35 81.72.
Economic Performance Indices Environmental Performance Indices.
ANNEXES.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT Enabling Sustainable Recovery 82 81.
MESSAGE INTRODUCTION ANNEXES CREATING VALUE GOVERNANCE 2020 HIGHLIGHTS
INDEPENDENT ASSURANCE STATEMENT.
Introduction DNV GL AS Philippines Branch (“DNV”) has been commissioned by the management of AC Energy Corporation (“AC Energy” or “the Company”, SEC Identification Number: 069-039274) to undertake an independent assurance of the sustainability/non-financial disclosures in AC Energy’s 2020 Integrated Report (the “Report”) in its printed format for the year ended 31st December 2020. The intended users of this Assurance Statement are the management of the Company.