Manila Electric Co 2023 IR
The report highlights Manila Electric Company's (Meralco) financial, operational, and ESG performance for the fiscal year 2023, marking its 120th anniversary. Meralco achieved record-breaking consolidated energy sales of 51,044 GWh and a consolidated core net income of PhP 37.1 billion. In sustainability, the company advanced its transition to clean energy by contracting 1,880 MW of renewable energy and investing in solar projects through its subsidiary MGreen. Additionally, Meralco expanded its electric vehicle fleet to 7% of its total fleet and successfully planted over two million trees under its One for Trees program.
Company: Manila Electric Co
Sector: Utilities
Country: Philippines
Year: 2023
Type: IR
Pages: 264
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Manila Electric Co
Annual And Sustainability Report
The report highlights Manila Electric Company's (Meralco) financial, operational, and ESG performance for the fiscal year 2023, marking its 120th anniversary. Meralco achieved record-breaking consolidated energy sales of 51,044 GWh and a consolidated core net income of PhP 37.1 billion. In sustainability, the company advanced its transition to clean energy by contracting 1,880 MW of renewable energy and investing in solar projects through its subsidiary MGreen. Additionally, Meralco expanded its electric vehicle fleet to 7% of its total fleet and successfully planted over two million trees under its One for Trees program.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women in Management
Employees