Manila Electric Co 2022 AR2
The report highlights Manila Electric Company's (Meralco) financial, operational, and ESG achievements for the fiscal year 2022. The company achieved a record consolidated core net income of PhP 27.1 billion, driven by strong performance in its power generation business, and expanded its customer base to 7.6 million. In sustainability, Meralco accelerated its clean energy transition by contracting 1,475 MW of renewable energy and achieved an all-time high solid waste diversion rate of 96%. Additionally, the company advanced gender diversity, with women representing 22% of its distribution utility workforce.
Company: Manila Electric Co
Sector: Utilities
Country: Philippines
Year: 2022
Type: AR2
Pages: 581
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Manila Electric Co
Annual Report
The report highlights Manila Electric Company's (Meralco) financial, operational, and ESG achievements for the fiscal year 2022. The company achieved a record consolidated core net income of PhP 27.1 billion, driven by strong performance in its power generation business, and expanded its customer base to 7.6 million. In sustainability, Meralco accelerated its clean energy transition by contracting 1,475 MW of renewable energy and achieved an all-time high solid waste diversion rate of 96%. Additionally, the company advanced gender diversity, with women representing 22% of its distribution utility workforce.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Employees