Metro Pacific Investments Corporation

Metro Pacific Investments Corporation's reported carbon emissions

Metro Pacific Investments Corporation (MPIC), headquartered in the Philippines and operating in services auxiliary to financial intermediation (67), reported its carbon emissions for several years. For 2023, MPIC's total emissions were approximately 22,741,000,000 kg CO2e. This comprised approximately 3,985,000,000 kg CO2e of Scope 1 emissions, about 1,168,000,000 kg CO2e of Scope 2 emissions, and approximately 17,268,000,000 kg CO2e of Scope 3 emissions. Notably, some Scope 3 data, specifically purchased goods and services, was missing for this reporting year. In 2021, the company's total emissions were approximately 44,134,000,000 kg CO2e. This included roughly 10,059,000,000 kg CO2e of Scope 1 emissions, approximately 2,212,000,000 kg CO2e of Scope 2 emissions (with a location-based total of about 2,052,400,000 kg CO2e), and about 32,813,000,000 kg CO2e of Scope 3 emissions. Prior to 2021, MPIC also reported emissions data. In 2020, Scope 1 emissions were approximately 8,698,700,000 kg CO2e, and Scope 2 emissions were about 2,030,600,000 kg CO2e (location-based). Scope 3 emissions were reported under fuel and energy-related activities at approximately 31,032,100,000 kg CO2e. In 2019, Scope 1 emissions were about 4,883,600,000 kg CO2e, Scope 2 emissions were approximately 1,982,000,000 kg CO2e (location-based), and Scope 3 fuel and energy-related activities were around 33,381,400,000 kg CO2e. For 2018, Scope 1 emissions were approximately 4,871,700,000 kg CO2e and Scope 2 emissions were about 8,600,000 kg CO2e. In 2017, Scope 1 emissions were approximately 4,872,000,000 kg CO2e and Scope 2 emissions were about 7,530,000 kg CO2e. In 2016, the total emissions reported were approximately 25,010,000 kg CO2e, with Scope 1 at about 31,857,000 kg CO2e and Scope 2 at approximately 548,539,000 kg CO2e. It's important to note that Scope 3 emissions were not disclosed for the years 2016 through 2018. MPIC is committed to environmental stewardship and has initiated various renewable energy projects across its group to reverse negative environmental trends. Specifically, the company has set near-term targets for Scope 1 and Scope 2 emissions reduction between 2023 and 2025, aiming to intensify its efforts through renewable energy initiatives.