ACEN gets higher rating for climate change report

MANILA, Philippines — Ayala-owned ACEN Corp. has secured a “B” rating from environmental non-profit disclosure system CDP for its climate change disclosure, moving two levels up from last year’s rating.

ACEN has been participating in the global non-profit’s Climate Change questionnaire since 2022, contributing to the world’s inventory of self-reported environmental data. This aligns with the demand for environmental transparency from financial institutions, customers and policy makers.

“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,” ACEN CFO and chief strategy officer Jonathan Back said.

CDP CEO Sherry Madera said that sustainability is an “essential part” of long-term success in the business community.

According to Madera, there are more than 23,000 businesses disclosing through CDP.

“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,” she said.

“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.

In 2023, ACEN was the first energy firm across Southeast Asia to launch a robust net zero roadmap, including near-term emission reduction targets aligned with the greenhouse gas emissions protocol and the latest climate-science.

CDP uses capital markets and corporate procurement to encourage companies to disclose their environmental impacts and to reduce GHG, safeguard water resources and protect forests.