Manila Electric Co 2024 Annual Report with Sustainability Disclosures
Company: Manila Electric Co
Sector: Energy utilities
Country: Philippines
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 623
The report describes Meralco's 2024 consolidated financial and ESG performance, including PhP 470.4 billion in consolidated revenues and 46.7 MtCO2e of Group-wide GHG emissions. It highlights the Group's first double materiality assessment and the adoption of GRI, SASB, GHG Protocol, and Integrated Reporting frameworks. The report also emphasizes the expansion of renewable energy, including the 3,500 MWp MTerra Solar project with a 4,500-MWh battery storage system. Social and governance highlights include workforce development, safety initiatives, anti-corruption controls, and sustainability oversight by the Board Sustainability Committee.
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