Manila Electric Co 2023 Annual Report with Sustainability Disclosures
Company: Manila Electric Co
Sector: Energy utilities
Country: Philippines
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 553
The report presents One Meralco's 2023 sustainability performance across climate, people, governance and community initiatives. Group Scope 1 emissions were 6,422,877.74 tCO2e, Scope 2 emissions were 2,270,695.60 tCO2e, and Scope 3 emissions were 36,352,380.75 tCO2e. The Group reported 20,620 employees and workers, with women representing 21%, and described 1,880 MW of contracted renewable-energy PSAs against its 1,500 MW 2030 commitment. It also set 20% overall-emissions and 30% Scope 1 reduction targets by 2030 versus BAU, supported by Board-level Sustainability Committee oversight and TCFD-aligned reporting.
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