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 4 is lower than 71% 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 reported significant carbon emissions, with Scope 1 emissions totalling approximately 10,200,842,400 kg CO2e and Scope 2 emissions from purchased electricity at about 230,180,110 kg CO2e. The company has not disclosed any Scope 3 emissions data. For the previous year, 2022, the reported Scope 2 emissions were around 255,473,170 kg CO2e, while Scope 1 emissions included approximately 63,670 kg CO2e from gasoline consumption and 8,000 kg CO2e from coal combustion. In 2021, Scope 2 emissions were about 198,860,220 kg CO2e, with similar Scope 1 emissions figures. Despite these emissions, MERALCO MGEN Power Generation has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives. The emissions data is cascaded from its parent company, Meralco PowerGen Corporation, which is part of the Manila Electric Company corporate family. Overall, MERALCO MGEN Power Generation's commitment to addressing climate change remains unclear, with no specific targets or initiatives reported to date.
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| 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 927,435,000 | - | - | 00,000,000,000 |
| Scope 2 | 1,740 | 000,000,000 | 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.
