ACEN Corp. has obtained a higher rating from CDP, the global nonprofit that assesses corporate environmental transparency and performance in climate change, deforestation and water security. It said on Monday that the power arm of Ayala Corp.
ACEN Corp. has obtained a higher rating from CDP, the global nonprofit that assesses corporate environmental transparency and performance in climate change, deforestation and water security.
CDP scores organizations from A to D- based on the comprehensiveness of their disclosures, awareness of environmental issues, management strategies and progress toward sustainability goals. “Achieving CDP Leadership status reflects ACEN’s disciplined approach to integrating sustainability into our business strategy. Transparency and strong climate governance are key to ensuring long-term value for our stakeholders while accelerating the energy transition.”
Building on this momentum, ACEN’s ETM project is now serving as a pilot for Transition Credits, with the goal of accelerating the plant’s retirement to 2030–10 years earlier than planned–cutting carbon emissions by an additional 19 million tons.
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