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Manila Electric Company, commonly known as Meralco, is a leading provider in the distribution and trade services of electricity in the Philippines. Headquartered in Manila, the company primarily serves Metro Manila and surrounding regions, ensuring reliable power supply to millions of customers across the area. Established in 1903, Meralco has a long-standing history of supporting the country’s economic growth through its core services.
Specialising in electricity distribution, Meralco offers innovative solutions that focus on efficient power delivery and customer service excellence. Its notable achievements include maintaining a robust infrastructure and pioneering initiatives in energy management. As a key player in the Philippine energy sector, Meralco continues to uphold its reputation for reliability and industry leadership.
+2 vs industry average
Manila Electric’s score of 19 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Electricity Distribution is among the most carbon-intensive industries
The Electricity Distribution industry has reduced its overall emissions by 19% since 2018
Scope 3 accounts for ••• of total emissions.
Manila Electric, headquartered in the Philippines, reported Scope 1 emissions of approximately 8.07 billion kg CO2e and Scope 2 emissions of about 2.37 billion kg CO2e for 2025.
Looking back, in 2022, the company disclosed Scope 1 emissions of approximately 6.26 billion kg CO2e, Scope 2 emissions of about 2.15 billion kg CO2e, and Scope 3 emissions of roughly 33.44 billion kg CO2e. In 2021, Scope 1 emissions were around 6.54 billion kg CO2e, Scope 2 emissions were approximately 2.05 billion kg CO2e, and Scope 3 emissions totalled about 31.05 billion kg CO2e. For 2020, Manila Electric reported Scope 1 emissions of roughly 3.06 billion kg CO2e, Scope 2 emissions of about 2.03 billion kg CO2e, and Scope 3 emissions from fuel and energy-related activities of approximately 29.76 billion kg CO2e.
Manila Electric has set a long-term net-zero target for Scope 1 and Scope 2 emissions by around mid-century (2050), aiming for deep decarbonisation through various levers including emerging solutions. The company also aims to reduce its GHG emission intensity across all scopes by 25% by 2025 against a 2020 baseline. Additionally, by the end of 2024, the company aimed for a 50% absolute reduction in Scope 1 and Scope 2 emissions, achieving this through signing renewable energy power supply agreements amounting to 2,329 MW, exceeding their 1,500 MW target.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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