Cited Meralco’s leadership in sustainability

Dominant distributor Manila Electric Co. (Meralco) once again received international recognition for excellence in sustainability as the company reaffirmed its commitment to transparent communications and adherence to global sustainability reporting standards.

Meralco’s 2022 combined annual and sustainability report, ‘Sikat’, received critical acclaim from two esteemed awards ceremonies: the 9th Asia Sustainability Reporting Awards (ASRA) and the Asia Sustainability Reporting Rating (ASRRAT) 2023.

“Sikat” summarizes the collective performance of Meralco and its subsidiaries in 2022. In addition to articulating financial and operational performance, the report delves into environmental, social and governance (ESG) issues that are critical to Meralco’s businesses and stakeholders.

At the recent ASRA, Meralco earned a Gold Award in the “Asia’s Best Workplace Reporting” category, becoming the only Philippine Gold winner among participants from 15 countries. ASRA commended Meralco for setting “a benchmark for transparently reporting the management of significant sustainability impacts, risks and opportunities.”

Gold grade achieved

In addition, Meralco achieved a Gold Rank from ASRRAT for the fourth consecutive year, underscoring its consistent excellence in communicating sustainability performance.

“Transparent sustainability reporting is a cornerstone of Meralco’s commitment to ESG excellence, fostering trust with our stakeholders and enabling informed decision-making. By sharing our sustainability performance and impact, we want to further drive positive change within our organization and beyond and encourage others to follow suit,” said Raymond Ravelo, First Vice President and Chief Sustainability Officer of Meralco.

Founded in 2015, ASRA serves as a prestigious platform for organizations committed to sustainability reporting. ASRRAT, formerly known as the Sustainability Reporting Awards, is run by the National Center for Corporate Reporting and recognizes companies for sustainability reports that disclose energy consumption and greenhouse gas emissions, in line with the Sustainable Development Goals (UN SDGs), among others. United Nations. criteria.