BUSINESS
Advocates Philippines
Meralco Shines On The Global Stage For Sustainability Reporting - Again!
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Here’s another proud moment for the Philippines: Meralco has just bagged international recognition for its outstanding sustainability reporting—proving once again that it walks the talk when it comes to transparency, accountability, and real action for the planet and its people.
The Manila Electric Company (Meralco), led by business icon Manuel V. Pangilinan, earned two prestigious awards for its 2023 Combined Annual and Sustainability Report, aptly titled “Pangako”. The awards came from no less than the 10th Asia Sustainability Reporting Awards (ASRA) and the Asia Sustainability Reporting Rating (ASRRAT) 2024—both highly respected bodies when it comes to evaluating sustainability governance across Asia.
At the ASRA, Meralco took home the Silver Award in the Asia’s Best Sustainability Report – Governance category, coming in strong among participants from 13 different countries. The company was praised for setting a “high benchmark” for transparency and leadership in managing sustainability risks, impacts, and opportunities.
Meanwhile, over at ASRRAT, Meralco received a Bronze Rank—marking the fifth year in a row it has been recognized by the group for its consistency and excellence in communicating its sustainability efforts.
So, what’s in “Pangako” that makes it award-worthy? It’s more than just a report—it’s a promise. It showcases how Meralco and its subsidiaries performed not just financially, but in terms of social impact, environmental care, and good governance. From climate-related action to community development and ethical leadership, it paints a clear picture of how the company is doing its part to “power the good life”—its overarching sustainability vision.
Raymond B. Ravelo, Meralco’s First VP and Chief Sustainability Officer, summed it up well: “Transparent sustainability reporting is a cornerstone of Meralco’s commitment to ESG excellence. It fosters trust and enables smarter, more responsible decisions.”
Since launching its Powering the Good Life agenda in 2019, Meralco has been aligning its efforts with the United Nations Sustainable Development Goals (UN SDGs), focusing on four main pillars: Power, Planet, People, and Prosperity.
With these back-to-back accolades, Meralco isn’t just keeping the lights on—it’s lighting the way forward for a more sustainable future.
The Manila Electric Company (Meralco), led by business icon Manuel V. Pangilinan, earned two prestigious awards for its 2023 Combined Annual and Sustainability Report, aptly titled “Pangako”. The awards came from no less than the 10th Asia Sustainability Reporting Awards (ASRA) and the Asia Sustainability Reporting Rating (ASRRAT) 2024—both highly respected bodies when it comes to evaluating sustainability governance across Asia.
At the ASRA, Meralco took home the Silver Award in the Asia’s Best Sustainability Report – Governance category, coming in strong among participants from 13 different countries. The company was praised for setting a “high benchmark” for transparency and leadership in managing sustainability risks, impacts, and opportunities.
Meanwhile, over at ASRRAT, Meralco received a Bronze Rank—marking the fifth year in a row it has been recognized by the group for its consistency and excellence in communicating its sustainability efforts.
So, what’s in “Pangako” that makes it award-worthy? It’s more than just a report—it’s a promise. It showcases how Meralco and its subsidiaries performed not just financially, but in terms of social impact, environmental care, and good governance. From climate-related action to community development and ethical leadership, it paints a clear picture of how the company is doing its part to “power the good life”—its overarching sustainability vision.
Raymond B. Ravelo, Meralco’s First VP and Chief Sustainability Officer, summed it up well: “Transparent sustainability reporting is a cornerstone of Meralco’s commitment to ESG excellence. It fosters trust and enables smarter, more responsible decisions.”
Since launching its Powering the Good Life agenda in 2019, Meralco has been aligning its efforts with the United Nations Sustainable Development Goals (UN SDGs), focusing on four main pillars: Power, Planet, People, and Prosperity.
With these back-to-back accolades, Meralco isn’t just keeping the lights on—it’s lighting the way forward for a more sustainable future.
May 1, 2025
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