Manila Electric
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.
DitchCarbon Score
How does Manila Electric's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Distribution industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Manila Electric's score of 25 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Manila Electric's reported carbon emissions
In 2024, Manila Electric Company (Meralco) reported total carbon emissions of approximately 46,700,000,000 kg CO2e. This includes Scope 1 emissions of about 6,630,953,000 kg CO2e, Scope 2 emissions of approximately 2,418,234,000 kg CO2e, and significant Scope 3 emissions totalling around 37,671,744,000 kg CO2e. The previous year, 2023, saw total emissions of about 36,352,508,000 kg CO2e, with Scope 1 at approximately 6,443,711,000 kg CO2e and Scope 2 at around 2,273,457,000 kg CO2e. Meralco has set ambitious climate commitments, aiming for deep decarbonisation by mid-century (2050) through various strategies, including the adoption of carbon capture, utilisation, and storage technologies. In the near term, the company targets a 50% reduction in Scope 2 emissions by the end of 2024, having already signed renewable energy power supply agreements amounting to 2,329 MW, surpassing their initial target of 1,500 MW. The emissions data is sourced directly from the Manila Electric Company, with no cascading from a parent organisation. Meralco's commitment to sustainability reflects its proactive approach to addressing climate change and reducing its carbon footprint.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 32,950,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,910,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 29,990,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Manila Electric is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
