Gearing Up to Become
a Global Filipino Water Company

2021 Integrated Report

About This Integrated Report

Manila Water continuously adheres to the integrated reporting standards as a means of aligning the Company with the external environment. This Integrated Report presents the Company's previous year's performance of the operating business units and a thorough account of its strategy and governance. This has been reviewed by Senior Management before publication.

Note on forward-looking statements

Certain statements and illustrations contained in this report may constitute “forward-looking statements” within the meaning of applicable securities, laws and regulations. These statements (including plans, objectives, projections, and estimates) and illustrations include information that does not relate solely to historical or current facts, and can be identified by the use of words such as “may,” “believe,” “expect,” “anticipate,” “assume,” “estimate,” “plan” or “continue,” and similar expressions or by future or conditional verbs such as “should”, “would” and “could.“

Such statements are based on current expectations of future events, estimates and certain assumptions of our management. These are therefore subject to certain risk factors and uncertainties, some of which are beyond our control, and which may cause the actual results, the financial situation, the development or the performance to differ materially from the estimates or performance implied in these forward looking statements. We do not assume any obligation to update these forwardlooking statements to reflect actual results, changes in assumptions, or changes in other factors affecting such statements.

Reporting standards

This report covers all financial information, as well as economic, environmental, social and governance performance of all Manila Water operating subsidiaries, namely the Parent Company (East Zone Concession) of the Metropolitan Waterworks and Sewerage System (MWSS), Manila Water Philippine Ventures (MWPV), and Manila Water Asia Pacific (MWAP). This report is aligned with the Integrated Report <IR> guidelines by the International Integrated Reporting Council (IIRC) and recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). It is also in reference to the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) Standards. The GRI, SASB, TCFD and United Nations Sustainable Development Goals that have been referred to are in the Sustainability Content Indices page. The information contained in this report covers the period from January to December 2021.

On our financial statements

SGV & Co. is the external auditor of the Company's financial statements, with Djole S. Garcia as the lead engagement partner given the required audit partner rotation every five years. More information about our audit process is found on this website, while our financial statements are found here.

On our sustainability performance

Senior Management appointed DNV, an independent organization and a global provider of certification, assurance assessment, and training services. This is the sixth time we contracted the services of DNV with their scope limited to conducting assurance and validating the figures and information pertaining to our sustainability performance presented in this report.

The Independent Assurance Statement found here validate that the report is in reference with the GRI and SASB, and aligned with the <IR> guidelines and TCFD recommendations. It guarantees the shareholders and readers of the reliability of the reviewed data, claims, and information contained in this report. The Statement also contains the assurer's findings and recommendations for our Company's succeeding reporting period.


We welcome inquiries and feedback on this report. For investor concerns, you may e-mail invrel(at)manilawater.com. Meanwhile, for sustainability concerns, you may e-mail sustainability(at)manilawater.com.