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.
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.
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.
Manila Electric's score of 9 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Manila Electric Company (Meralco) reported total carbon emissions of approximately 44,000,000 kg CO2e. This figure includes 6,443,711 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 2,273,457 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Notably, Scope 3 emissions, which account for the majority of their carbon footprint, reached about 36,352,508 kg CO2e. Comparatively, in 2022, Meralco's total emissions were around 40,000,000 kg CO2e, with Scope 1 emissions at 6,257,204 kg CO2e and Scope 2 emissions at 2,151,383 kg CO2e, while Scope 3 emissions were approximately 33,441,925 kg CO2e. This indicates a slight increase in total emissions year-on-year. Meralco has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they are actively engaged in monitoring and reporting their emissions across all three scopes, demonstrating a commitment to transparency in their environmental impact. The absence of defined reduction targets suggests a potential area for future development in their sustainability strategy.
Access structured emissions data, company-specific emission factors, and source documents
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|
Scope 1 | 32,950,000 | 00,000,000 | 0,000,000.00 | 0,000,000.00 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 1,910,000,000 | 0,000,000,000 | 0,000,000.00 | 0,000,000.00 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 3 | 29,990,000,000 | 00,000,000,000 | 00,000,000 | 00,000,000.00 | 00,000,000 | 00,000,000 | 00,000,000 |
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.