ACEN Named Philippines’ Most Outstanding Energy Company by Asiamoney
ACEN, the listed energy platform of the Ayala Group, was recognised as the Most Outstanding Company in the Philippines in the energy sector of the recently concluded Asiamoney 2022 Asia’s Outstanding Companies Poll. This is the second consecutive year that ACEN received the accolade.
The poll acknowledges publicly listed companies in the region that have excelled in areas such as financial performance, management team excellence, investor relations activities and CSR initiatives.
Over 900 fund managers, analysts, bankers, and rating agencies were invited by Asiamoney to take part in the voting which concluded on 15 July 2022. In total, 4,620 votes were received to rate listed companies across 12 markets in Asia. Asiamoney is a leading financial publication covering Asian banking and financial markets. It is a division of global media London-based group Euromoney Institutional Investor PLC.
Eric Francia, ACEN president and CEO, said:
“We are very pleased with this regional recognition. It is an excellent opportunity to celebrate our hardworking team, our commitment to the renewable energy cause and the gains that we have already achieved in leading the energy transition. Though we have a long road ahead towards a sustainable future, this award is a great reflection of our significant progress.”
ACEN’s transformational journey continues to mark milestone after milestone, with the company now reaching ~4,000 MW of attributable capacity both in the Philippines and internationally. 87 per cent of ACEN’s capacity or ~3,400 MW is from renewable sources such as solar, wind and geothermal energy.
With its strong balance sheet, a robust project pipeline of renewable energy projects and a highly capable and motivated team, ACEN’s successful transformation allows it to play a leading role in the energy transition of the region.
ACEN aspires to be the largest listed renewables platform in Southeast Asia, to reach 20 GW of renewables capacity by 2030. In 2021, ACEN announced its commitment to achieving Net Zero greenhouse gas emissions by 2050. This will involve the early retirement of its remaining coal plant by 2040 and the transition of the company’s generation portfolio to 100% renewable energy by 2025.