MERALCO MGEN POWER GENERATION
Meralco MGen Power Generation Corporation, commonly referred to as MGen, is a leading player in the Philippine energy sector, headquartered in Pasig City, Philippines. Established in 2016, MGen focuses on power generation, primarily through renewable and conventional energy sources, contributing significantly to the country's energy landscape. With a commitment to sustainability, MGen operates various power plants across Luzon, enhancing the reliability of electricity supply. The company’s core services include the development, operation, and maintenance of power generation facilities, distinguished by their innovative technologies and adherence to environmental standards. MGen has achieved notable milestones, including strategic partnerships and investments in renewable energy projects, positioning itself as a key contributor to the Philippines' transition towards a more sustainable energy future.
DitchCarbon Score
How does MERALCO MGEN POWER GENERATION'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
MERALCO MGEN POWER GENERATION's score of 7 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MERALCO MGEN POWER GENERATION's reported carbon emissions
In 2023, MERALCO MGEN Power Generation, headquartered in the Philippines, reported significant carbon emissions totalling approximately 10,200,084,400 kg CO2e for Scope 1 and about 230,180,110 kg CO2e for Scope 2. The Scope 1 emissions primarily stem from gasoline consumption and coal combustion, with specific figures of 69,240 tonnes CO2e and 8,000 tonnes CO2e, respectively. For the previous year, 2022, the company disclosed Scope 2 emissions of about 255,473,170 kg CO2e, while Scope 1 emissions data was not available. Despite the substantial emissions figures, MERALCO MGEN Power Generation has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The emissions data is cascaded from its parent company, Meralco PowerGen Corporation, which is part of the Manila Electric Company corporate family. Overall, while MERALCO MGEN Power Generation has made strides in reporting its emissions, it currently lacks defined climate commitments or reduction strategies, placing it in a challenging position within the industry context of increasing climate accountability.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | 00,000,000,000 |
| Scope 2 | 198,860,220 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
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.
MERALCO MGEN POWER GENERATION 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.
