Manila Electric Co 2022 IR
The report highlights Meralco's financial, operational, and sustainability performance in 2022. The company achieved a record-high consolidated core net income of PHP 27.1 billion, driven by strong performance in its power generation business. Meralco expanded its customer base by 3% to 7.6 million, resulting in a 6% increase in energy sales. On the environmental front, the company secured 1,475 MW of renewable energy supply and achieved a record-high 96% solid waste diversion rate. Additionally, Meralco advanced its diversity goals, with women representing 23% of the group-wide workforce.
Company: Manila Electric Co
Sector: Utilities
Country: Philippines
Year: 2022
Type: IR
Pages: 582
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Manila Electric Co
Combined Annual And Sustainability Report
The report highlights Meralco's financial, operational, and sustainability performance in 2022. The company achieved a record-high consolidated core net income of PHP 27.1 billion, driven by strong performance in its power generation business. Meralco expanded its customer base by 3% to 7.6 million, resulting in a 6% increase in energy sales. On the environmental front, the company secured 1,475 MW of renewable energy supply and achieved a record-high 96% solid waste diversion rate. Additionally, Meralco advanced its diversity goals, with women representing 23% of the group-wide workforce.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Integrated Report
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
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees