2019 Integrated Report
Intellectual CapitalImproving our ways of working
EDC’s intellectual capital encompasses the intangible properties associated with our brand and reputation that are critical to our success as an organization. This includes diverse resources that we own and manage, such as patents, copyrights, intellectual property, as well as our overall organizational systems, procedures, and protocols, all of which provide significant competitive advantages.
The synergy of our combined intellectual capital helps us manage our existing assets effectively and efficiently, as well as streamline the operations of our various energy facilities. As an organization, we must constantly embrace and adopt innovations that help us improve our performance amid a challenging business environment.
Currently, EDC has two patent registrations and one utility model registration with the Intellectual Property Office (IPO) of the Philippines. These inventions are currently used in our geothermal field and plant operations, particularly in the fluid collection and reinjection system and geothermal wells.
Integrated software, systems, and processes
The various software and applications used in our energy facilities also provide the scientific backbone for how these operate. In energy marketing, specific software and applications also informed and enabled the demand forecasting techniques and trading strategies we developed in-house. This is premised on the notion that our decision-making must be data-driven and evidence-based. This also helps us think ahead and anticipate local and global trends that may directly or indirectly impact our operations. In 2019, we learned that we must uphold existing protocols and gather more data before doing geothermal well interventions.
Our integrated systems and processes, as well as our shared services, promote collaboration among groups to expedite and upscale our value delivery. In 2019, we also actively sought ways of working that would promote greater flexibility and ease, and ensure that our workforce would not be bogged down by internal processes.
Our Manufactured Capital
Our 2019 Integrated Report
Our Integrated Report tells the story of our efforts to achieve our business objectives, hand-in-hand with our sustainability aspirations.