BUSINESS
Advocates Philippines
Meralco's First Integrated Report Scores Big With Platinum Win
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Meralco is celebrating a major milestone after its inaugural One Meralco 2024 Integrated Report clinched the Platinum Award for Asia’s Best Integrated Report – First-Time Category at the 2025 Asia Integrated Reporting Awards (AIRA), one of the region’s most respected recognitions for corporate reporting.
The Manuel V. Pangilinan-led power distributor topped entries from across Asia, the Pacific, and the Middle East, impressing judges with a report that goes beyond traditional financial disclosures and paints a clear picture of long-term value creation.
AIRA is known for its stringent multi-stage evaluation process, which includes expert reviews and reputation checks. This year’s win cements Meralco’s position as a regional leader in corporate transparency and sustainability reporting.
“We recognize that what matters to our stakeholders goes well beyond financial and operational figures. Climate risks, social impact, and governance are now key drivers of value and play an increasingly important role in decision-making,” said Meralco First Vice President and Chief Sustainability Officer Raymond B. Ravelo. “By embedding these into our reporting framework ahead of regulatory timelines, we are preparing Meralco not only to meet current reporting requirements, but also to address the opportunities and challenges of the years ahead.”
Meralco’s 2024 Integrated Report is among the earliest in the Philippines to adopt both the International Integrated Reporting Framework and the IFRS S2 Climate-related Disclosures standard—well ahead of future mandates from the Securities and Exchange Commission. It also marks the company’s first use of double materiality, analyzing how Meralco’s operations affect people and the planet, as well as how sustainability risks and opportunities could impact its bottom line.
The report introduces the concept of “One Meralco,” bringing the parent firm and its subsidiaries together in a unified narrative that highlights collective economic, environmental, and social value creation.
“AIRA winners are redefining corporate transparency and long-term value creation through integrated thinking,” said Rajesh Chhabara, Managing Director of CSRWorks International and founder of AIRA.
With this win, Meralco sets a strong benchmark not just for the country, but for the entire region—showing that first-time integrated reports can make a powerful impact when built on clarity, accountability, and a forward-looking vision.
The Manuel V. Pangilinan-led power distributor topped entries from across Asia, the Pacific, and the Middle East, impressing judges with a report that goes beyond traditional financial disclosures and paints a clear picture of long-term value creation.
AIRA is known for its stringent multi-stage evaluation process, which includes expert reviews and reputation checks. This year’s win cements Meralco’s position as a regional leader in corporate transparency and sustainability reporting.
“We recognize that what matters to our stakeholders goes well beyond financial and operational figures. Climate risks, social impact, and governance are now key drivers of value and play an increasingly important role in decision-making,” said Meralco First Vice President and Chief Sustainability Officer Raymond B. Ravelo. “By embedding these into our reporting framework ahead of regulatory timelines, we are preparing Meralco not only to meet current reporting requirements, but also to address the opportunities and challenges of the years ahead.”
Meralco’s 2024 Integrated Report is among the earliest in the Philippines to adopt both the International Integrated Reporting Framework and the IFRS S2 Climate-related Disclosures standard—well ahead of future mandates from the Securities and Exchange Commission. It also marks the company’s first use of double materiality, analyzing how Meralco’s operations affect people and the planet, as well as how sustainability risks and opportunities could impact its bottom line.
The report introduces the concept of “One Meralco,” bringing the parent firm and its subsidiaries together in a unified narrative that highlights collective economic, environmental, and social value creation.
“AIRA winners are redefining corporate transparency and long-term value creation through integrated thinking,” said Rajesh Chhabara, Managing Director of CSRWorks International and founder of AIRA.
With this win, Meralco sets a strong benchmark not just for the country, but for the entire region—showing that first-time integrated reports can make a powerful impact when built on clarity, accountability, and a forward-looking vision.
Nov 30, 2025
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