Manila Electric Company

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023

In its 2023 reporting, Manila Electric Company disclosed greenhouse gas emissions of 45.1M tCO2e/year. By scope: Scope 1: 6.4M tCO2e/year; Scope 2: 2.3M tCO2e/year; Scope 3: 36.4M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
45.1M tCO2e/year
2023
⚡
Renewable Energy
7%
of total energy
💧
Water Usage
1220.0B liters/year
2023
♻️
Waste
2.1K tons/year
2023
⚙️
Energy Use
82.9K MWh/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).6.4M tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.2.3M tCO2e/year
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).36.4M tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

📅 Medium-term

  • Contract 1,500 MW of RE supply and build 1,500 MW of attributable RE capacity by 2030
  • Electrify 25% of service fleet by 2030

🔭 Long-term

  • Coal-free by 2050

🌱 ESG Focus Areas

Climate ChangeDiversity & InclusionCommunity DevelopmentRenewable EnergyGovernance

⚠️ Challenges & Risks +

  • Lingering effects of the Fuel Cost Recovery Adjustment (FCRA) affecting Retail Electricity Supply (RES) units
  • Integrating Distributed Energy Resources (DERs) into the grid
  • Seamlessly integrating digital solutions without disrupting operations
  • System implementation risks associated with the Customer Information System (CIS) platform
  • Cybersecurity risks and online fraud

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards, SASB Standards for Electric Utilities and Power Generators, TCFD Guidance
Assurance: DNV Business Assurance Singapore Pte. Ltd.