Sustainability
Sustainability
SUSTAINABILITY
OUR SUSTAINABILITY PILLARS BEYOND POWER

Planet

Sustainability Sustainability

The state of our world continues to be a cause for grave concern.

NASA reports that 2023 marked the warmest year on record, with a mean global surface temperature 1.35°C above pre-industrial levels, driven by increasing concentrations. Continued global heating is primarily a result of the unabated burning of fossil fuels, which is also the leading source of air pollution that causes over 5.5 million premature deaths worldwide each year. Amid this escalating environmental crisis, wildlife populations around the world continue to approach extinction.

Recognizing the crucial role businesses play in addressing these socio-ecological challenges, One Meralco intensified and multiplied its efforts in 2023 to continue paving the way toward a greener future. The Group rolled out innovative solutions to mitigate greenhouse gas (GHG) emissions, manage air pollutants, regulate water consumption, and reduce solid wastes across our value chain.

The well-being of Mother Earth is not simply a matter of environmental concern; it is also fundamental to sustaining all life forms and ensuring the survival of humanity. As such, One Meralco remains steadfast in its commitment to protect and preserve the planet, in support of SDG 12: Responsible Consumption and Production, SDG 13: Climate Action, and SDG 15: Life on Land.

Planet

People

Sustainability Sustainability

Employees are the reason One Meralco continues to shine bright.

At the heart of the Group’s journey toward sustainability is our diverse and driven talent pool, the main driving force that propels the organization forward. As such, One Meralco places immense value on cultivating a strong culture of and commitment to sustainability among our people, comprised of the brightest minds in the Philippine power industry.

People

In support of SDG 5: Gender Equality and SDG 10: Reduced Inequalities, the Group is committed to promoting diversity and inclusion and ensuring equal opportunities for all. In 2023, One Meralco’s 20,620-strong workforce consisted of 21% women—well above the global energy sector average of 13%. By 2030, up to 40% of the Distribution Utility’s workforce will be women.

In addition to striving for a more gender-balanced workforce, One Meralco takes active measures to build a safe and secure workplace, ensuring that all employees feel respected and protected. The Group has enacted policies and programs designed to safeguard the health and fundamental rights of its employees, exemplifying the premium One Meralco puts on SDG 8: Decent Work and Economic Growth.

Last but not least, One Meralco’s employees receive compensation above the industry average, enabling them to not only fulfill their daily needs but also foster personal growth. To further maximize each employee’s potential, the Group gives its workforce many avenues for professional development and community involvement.

As One Meralco endeavors to transform our sustainability vision into action, our people will continue to be the torchbearers who will lead the Group toward a brighter future.

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Prosperity

Sustainability Sustainability

Inspired by the United Nations’ 2030 Agenda for Sustainable Development, One Meralco is committed to ensuring that all its stakeholders enjoy fulfilling and rewarding lives. The Group champions this global agenda by creating shared value for its customers, communities, and constituents, allowing them to not only survive but also thrive. This is what genuine sustainable development means for One Meralco: leave no one behind.

Meralco

The Group powers the good life for its customers by ensuring access to electricity that fuels enduring and meaningful progress across all levels and sectors of society. One Meralco also works with key stakeholders and strategic partners in reaching unserved and underserved communities to guarantee that everyone, no matter how far they are, contributes to the country’s development—truly reflecting the spirit of the Sustainable Development Goals. Finally, Meralco engages and enables constituents across the value chain to embark on their own sustainability journeys and promote sustainability in their own networks.

For One Meralco, advancing sustainability is both a responsibility and an opportunity to deliver lasting, positive impacts to present and future generations. Through our diverse businesses and initiatives, One Meralco gives stakeholders the power to lead prosperous lives.

Meralco
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Download our
2023 Annual Reports
About the Report

Manila Electric Company’s (“Meralco”, “the Company”) Annual and Sustainability Report (“ASR”) highlights our and our subsidiaries’ (collectively as “One Meralco” or “the Group”) accomplishments in 2023. This report provides our financial, operational, and environmental, social, and governance (“ESG”) performance and discusses our impact on our stakeholders’ lives.

This report is best read in conjunction with the 2023 One Meralco Foundation (“OMF”) Annual Report, which details the OMF’s initiatives and achievements.