Gearing Up to Become
a Global Filipino Water Company
2021 Integrated Report
Sustainability
Sustainability Framework
Management Approach
Manila Water's corporate vision is Manila Water's corporate vision is to be a global leader in providing quality water and environmental services supportive of sustainable development. This is made explicit through the Company's Sustainability Framework that captures and communicates the unique contributions and impact of the Company to the environment and society at large.
Manila Water's sustainability focus works from the inside out, starting with caring and developing its employees to ensure a pool of competent talents to lead good service and fuel growth. Through its water service that provides access to potable water and sanitation facilities, Manila Water helps build communities and protects people's health. In order to continually provide exceptional service, the Company takes active participation in protecting and ensuring the sustainability of raw water sources and helping to restore the quality of the natural environment. In the course of expanding service coverage and providing customers with quality water and wastewater service, Manila Water serves as a vital contributor to economic growth.
A closer look at 2021
Initially using the guidelines from the Global Reporting Initiative (GRI), it has since adopted additional frameworks set by the International Integrated Reporting Council a.k.a. <IR> Framework, the Sustainability Accounting Standards Board (SASB), and the indicators in the UN Sustainable Development Goals .
ESG Targets to 2025
As Manila Water intensifies its pursuit for growth in both domestic and international markets and remain dedicated to embedding sustainability into every part of the business. In 2021, the Company laid the groundwork for the development and disclosure of a set of mid-term sustainability targets on water access and security, carbon emission reduction and capital expenditure as part of its business strategy. Each business unit of Manila Water are gearing up to achieve these commitments to 2025.
Milestones
| ENVIRONMENT | ECONOMIC | SOCIAL |
|---|---|---|
|
Carbon Emission Reduction 60% reduction and avoidance in Scope 1 and Scope 2 emissions through:
|
Capital Expenditure Building infrastructure sufficient to satisfy service commitments and improvements |
Water Access and Security At least 15% supply buffer
|
