Manila Electric Co 2023 AR2
The report highlights Manila Electric Company's (MERALCO) financial and operational performance for the fiscal year 2023, alongside its progress in sustainability initiatives. In 2023, the company achieved a 4% growth in consolidated revenues to PHP 443,612 million, driven by a 4% increase in electricity sales volume to 51,044 GWh. On the environmental front, MERALCO expanded its Greening the Network Program by installing 15,066 natural ester oil-insulated distribution transformers and electrifying 8% of its vehicle fleet. Additionally, the company logged over 14 million safe person-hours and reduced recordable work injuries by 55%. Through the One for Trees program, the company reached a milestone of planting over 2.3 million trees to date.
Company: Manila Electric Co
Sector: Utilities
Country: Philippines
Year: 2023
Type: AR2
Pages: 553
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Manila Electric Co
Annual Report
The report highlights Manila Electric Company's (MERALCO) financial and operational performance for the fiscal year 2023, alongside its progress in sustainability initiatives. In 2023, the company achieved a 4% growth in consolidated revenues to PHP 443,612 million, driven by a 4% increase in electricity sales volume to 51,044 GWh. On the environmental front, MERALCO expanded its Greening the Network Program by installing 15,066 natural ester oil-insulated distribution transformers and electrifying 8% of its vehicle fleet. Additionally, the company logged over 14 million safe person-hours and reduced recordable work injuries by 55%. Through the One for Trees program, the company reached a milestone of planting over 2.3 million trees to date.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
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 in Management
Net Zero Target
Employees