About this Integrated Report

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.

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 and illustrations include information that does not relate solely to historical or current facts. These can be identified through the use of “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. Moreover, these 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 forward-looking 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 of Manila Water operating subsidiaries, namely the Parent Company (East Zone Concession), Manila Water Philippine Ventures (MWPV), and Manila Water Asia Pacific (MWAP).

This report was prepared with reference to the Integrated Report «IR» Framework by the International Integrated Reporting Council (IIRC), Global Reporting Initiative (GRI) Standards, Sustainability Accounting Standards Board (SASB) Standards, Recommendations of the Task Force for Climaterelated Financial Disclosures (TCFD), and Recommendations of the Task Force for Nature-related Financial Disclosures (TNFD). The GRI, SASB, TCFD, and TNFD disclosures that have been referred to are in the Sustainability Content Index. The information contained in this report covers the period from January 1 to December 31, 2024.

On our financial statements
SyCip Gorres Velayo & Co. (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 can be found here, while our financial statements are found here.

On our sustainability performance
Senior management appointed BSI Group Philippines Inc., a third-party multi-disciplinary professional services firm, to perform assurance based on AccountAbility AA1000 Type 2 Moderate Level Assurance on the figures and information pertaining to our sustainability performance. This is the first time we contracted the services of BSI for this type of engagement.

The Independent Assurance Statement validates that the report is in reference to the GRI and SASB Standards, as well the TCFD Recommendations. It guarantees the shareholders and readers of the reliability of the reviewed data, claims, and information contained in this report.

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