Manila Electric Co 2021 AR2
The report highlights Manila Electric Company's (Meralco) operational and financial performance in 2021, along with its sustainability and corporate social responsibility initiatives. Meralco achieved consolidated energy sales of 46,073 GWh, representing a 6% increase compared to 2020, and grew its customer base to 7.4 million accounts. The company advanced its sustainability agenda by launching its long-term sustainability strategy, aiming to be coal-free by 2050, and converting 6% of its fleet to electric vehicles. Additionally, through the One Meralco Foundation, the company supported household and school electrification, reforestation, and COVID-19 relief efforts.
Company: Manila Electric Co
Sector: Utilities
Country: Philippines
Year: 2021
Type: AR2
Pages: 124
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Manila Electric Co
Annual Report
The report highlights Manila Electric Company's (Meralco) operational and financial performance in 2021, along with its sustainability and corporate social responsibility initiatives. Meralco achieved consolidated energy sales of 46,073 GWh, representing a 6% increase compared to 2020, and grew its customer base to 7.4 million accounts. The company advanced its sustainability agenda by launching its long-term sustainability strategy, aiming to be coal-free by 2050, and converting 6% of its fleet to electric vehicles. Additionally, through the One Meralco Foundation, the company supported household and school electrification, reforestation, and COVID-19 relief efforts.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Published
Jun 2, 2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available