Manila Electric Company, commonly known as Meralco, is a leading electric distribution utility based in the Philippines. Headquartered in Pasig City, Meralco serves a vast customer base across Metro Manila and surrounding provinces, making it the largest electric power distributor in the country. Founded in 1903, the company has achieved significant milestones, including the expansion of its service areas and the introduction of innovative energy solutions.
Meralco's core offerings include electricity distribution, energy management services, and renewable energy initiatives, setting it apart in the competitive energy sector. With a commitment to sustainability and customer service, Meralco has established a strong market position, recognised for its reliability and efficiency. The company continues to play a pivotal role in the Philippines' energy landscape, driving advancements in technology and infrastructure.
+13 vs industry average
Manila Electric’s score of 28 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity Distribution is among the most carbon-intensive industries
Industry performance
The Electricity Distribution industry has reduced its overall emissions by 31% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Manila Electric's reported carbon emissions
Manila Electric's (Meralco) total carbon emissions for 2024 were approximately 46.7 billion kg CO2e. This figure is comprised of approximately 6.63 billion kg CO2e in Scope 1 emissions, 2.42 billion kg CO2e in Scope 2 emissions, and about 37.67 billion kg CO2e in Scope 3 emissions. In 2023, Meralco reported total emissions of approximately 45.07 billion kg CO2e, with Scope 1 emissions at about 6.44 billion kg CO2e, Scope 2 at approximately 2.27 billion kg CO2e, and Scope 3 at around 36.35 billion kg CO2e. The company is committed to deep decarbonisation around mid-century, aiming for net-zero emissions by 2050 across Scope 1 and Scope 2 emissions. Meralco has also set a near-term target to reduce GHG emission intensity by 25% by 2025, using a 2020 baseline. As of the end of 2024, Meralco had signed Renewable Energy (RE) power supply agreements (PSAs) totalling 2,329 MW, surpassing their target of 1,500 MW.
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Manila Electric’s Climate Goals (2030 & 2050)
5 goals2024
50% reduction in Scope 1
By the end of 2024, the DU (including MPower) had already signed RE power supply agreements (“PSAs”) amounting to 2,329 MW, exceeding our 1,…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Manila Electric
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