{"id":17847,"date":"2025-02-10T22:46:42","date_gmt":"2025-02-10T15:46:42","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=17847"},"modified":"2025-02-10T22:46:42","modified_gmt":"2025-02-10T15:46:42","slug":"acen-achieves-leadership-level-in-cdps-climate-change-assessment","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=17847","title":{"rendered":"ACEN achieves Leadership level in CDP’s climate change assessment"},"content":{"rendered":"\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

MANILA, Philippines<\/span><\/span>, Feb. 10, 2025<\/span><\/span> \/PRNewswire\/ — ACEN has achieved\u00a0Leadership level and an A\u2212 rating\u00a0for its climate actions from\u00a0CDP, the global non-profit that assesses corporate environmental transparency and performance in\u00a0climate change, deforestation and water security. This marks an improvement from ACEN’s previous B rating, underscoring the company’s continued commitment to climate action and transparency.<\/p>\n

\n<\/div>\n

To attain\u00a0Leadership status, companies must demonstrate\u00a0best practices\u00a0in climate action, environmental governance, transparency, risk management and target setting. CDP scores organizations from A (highest) to D- (lowest) based on the comprehensiveness of their disclosures, awareness of environmental issues, management strategies and progress toward sustainability goals.<\/p>\n

ACEN has participated in\u00a0CDP’s climate disclosure since 2022, joining over\u00a024,800 organizations\u00a0in contributing to the world’s largest and most comprehensive dataset on environmental action. CDP’s insights empower investors, companies, cities and governments to make informed, sustainability-driven decisions.<\/p>\n

Jonathan Back<\/span>, ACEN group CFO and Chief Strategy Officer, said: “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. Our improved rating reinforces our commitment to responsible growth and scaling renewable energy investments that drive both financial and environmental impact.”<\/p>\n

Driving climate action and early coal retirement<\/b><\/p>\n

ACEN remains at the forefront of\u00a0early coal retirement, having completed the world’s\u00a0first market-based Energy Transition Mechanism (ETM)\u00a0in November 2022<\/span>. This milestone transaction involved divesting a\u00a0246 MW coal plant in Batangas\u00a0and committing to its\u00a0early retirement by 2040, 15 to 25 years ahead of the typical\u00a040\u201350-year\u00a0coal plant lifespan. This initiative is projected to reduce up to 50 million tons of carbon emissions.<\/p>\n

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\u2014ten years earlier than planned\u2014cutting carbon emissions by an additional 19 million tons.<\/p>\n

Transition Credits are\u00a0high-integrity carbon credits\u00a0that facilitate the just and responsible phaseout of coal, replacing it with clean energy. ACEN is developing this pioneering initiative in collaboration with the\u00a0Monetary Authority of Singapore<\/span> (MAS) and The Rockefeller Foundation under Article 6 of the Paris Agreement. The Philippine and Singaporean governments have affirmed their support, with a Memorandum of Understanding signed in August 2024<\/span> and an Implementation Agreement targeted for completion this year.<\/p>\n

ACEN was also the\u00a0first energy company in Southeast Asia\u00a0to launch a\u00a0comprehensive Net Zero roadmap, featuring\u00a0near-term emission reduction targets aligned with the GHG Protocol and the latest climate science, as well as\u00a0long-term targets\u00a0consistent with the deep decarbonization of the power sector.<\/p>\n

ABOUT\u00a0ACEN\u00a0<\/b><\/p>\n

ACEN, the Ayala group’s listed energy platform, is at the forefront of the energy transition, with a rapidly growing presence across the Philippines<\/span>, Australia<\/span>, Vietnam<\/span>, India<\/span>, Indonesia<\/span>, Lao PDR and the USA<\/span>. The company currently has 6.8 GW of attributable renewable energy capacity spanning operational, under-construction, and committed projects.<\/p>\n

As a pioneer in advancing the shift to sustainable energy, ACEN is dedicated to delivering clean, reliable, and affordable power across the Asia-Pacific<\/span> region. With an ambitious target to scale its renewable energy capacity to 20 GW by 2030, the company is on track to achieve 100% renewable energy generation by 2025 and reach Net Zero greenhouse gas emissions by 2050, driving a carbon-neutral future and supporting the global energy transition.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

MANILA, Philippines<\/span><\/span>, Feb. 10, 2025<\/span><\/span> \/PRNewswire\/ — ACEN has achieved\u00a0Leadership level and an A\u2212 rating\u00a0for its climate actions from\u00a0CDP, the global non-profit that assesses corporate environmental transparency and performance in\u00a0climate change, deforestation and water security. This marks an improvement from ACEN’s previous B rating, underscoring the company’s continued commitment to climate action and transparency.<\/p>\n

\n<\/div>\n

To attain\u00a0Leadership status, companies must demonstrate\u00a0best practices\u00a0in climate action, environmental governance, transparency, risk management and target setting. CDP scores organizations from A (highest) to D- (lowest) based on the comprehensiveness of their disclosures, awareness of environmental issues, management strategies and progress toward sustainability goals.<\/p>\n

ACEN has participated in\u00a0CDP’s climate disclosure since 2022, joining over\u00a024,800 organizations\u00a0in contributing to the world’s largest and most comprehensive dataset on environmental action. CDP’s insights empower investors, companies, cities and governments to make informed, sustainability-driven decisions.<\/p>\n

Jonathan Back<\/span>, ACEN group CFO and Chief Strategy Officer, said: “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. Our improved rating reinforces our commitment to responsible growth and scaling renewable energy investments that drive both financial and environmental impact.”<\/p>\n

Driving climate action and early coal retirement<\/b><\/p>\n

ACEN remains at the forefront of\u00a0early coal retirement, having completed the world’s\u00a0first market-based Energy Transition Mechanism (ETM)\u00a0in November 2022<\/span>. This milestone transaction involved divesting a\u00a0246 MW coal plant in Batangas\u00a0and committing to its\u00a0early retirement by 2040, 15 to 25 years ahead of the typical\u00a040\u201350-year\u00a0coal plant lifespan. This initiative is projected to reduce up to 50 million tons of carbon emissions.<\/p>\n

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\u2014ten years earlier than planned\u2014cutting carbon emissions by an additional 19 million tons.<\/p>\n

Transition Credits are\u00a0high-integrity carbon credits\u00a0that facilitate the just and responsible phaseout of coal, replacing it with clean energy. ACEN is developing this pioneering initiative in collaboration with the\u00a0Monetary Authority of Singapore<\/span> (MAS) and The Rockefeller Foundation under Article 6 of the Paris Agreement. The Philippine and Singaporean governments have affirmed their support, with a Memorandum of Understanding signed in August 2024<\/span> and an Implementation Agreement targeted for completion this year.<\/p>\n

ACEN was also the\u00a0first energy company in Southeast Asia\u00a0to launch a\u00a0comprehensive Net Zero roadmap, featuring\u00a0near-term emission reduction targets aligned with the GHG Protocol and the latest climate science, as well as\u00a0long-term targets\u00a0consistent with the deep decarbonization of the power sector.<\/p>\n

ABOUT\u00a0ACEN\u00a0<\/b><\/p>\n

ACEN, the Ayala group’s listed energy platform, is at the forefront of the energy transition, with a rapidly growing presence across the Philippines<\/span>, Australia<\/span>, Vietnam<\/span>, India<\/span>, Indonesia<\/span>, Lao PDR and the USA<\/span>. The company currently has 6.8 GW of attributable renewable energy capacity spanning operational, under-construction, and committed projects.<\/p>\n

As a pioneer in advancing the shift to sustainable energy, ACEN is dedicated to delivering clean, reliable, and affordable power across the Asia-Pacific<\/span> region. With an ambitious target to scale its renewable energy capacity to 20 GW by 2030, the company is on track to achieve 100% renewable energy generation by 2025 and reach Net Zero greenhouse gas emissions by 2050, driving a carbon-neutral future and supporting the global energy transition.<\/p>\n

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