Acen Corp 2023 AR2
The report outlines ACEN Corporation's financial and operational performance for the fiscal year 2023, highlighting its aggressive expansion in renewable energy. The company increased its attributable capacity to 4,772 MW, with 99% coming from renewable sources. Key achievements include the completion of a robust Net Zero roadmap targeting net-zero greenhouse gas emissions by 2050 and the successful implementation of the world's first market-based Energy Transition Mechanism for the early retirement of the SLTEC coal plant. Additionally, the company raised ₱25 billion through a preferred shares offering to fund its green energy projects.
Company: Acen Corp
Sector: Utilities
Country: Philippines
Year: 2023
Type: AR2
Pages: 557
Acen Corp
Annual Report
The report outlines ACEN Corporation's financial and operational performance for the fiscal year 2023, highlighting its aggressive expansion in renewable energy. The company increased its attributable capacity to 4,772 MW, with 99% coming from renewable sources. Key achievements include the completion of a robust Net Zero roadmap targeting net-zero greenhouse gas emissions by 2050 and the successful implementation of the world's first market-based Energy Transition Mechanism for the early retirement of the SLTEC coal plant. Additionally, the company raised ₱25 billion through a preferred shares offering to fund its green energy projects.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Net Zero Target
Employees