Connect with us

Hi, what are you looking for?


Meralco launches sustainability scorecard

MANILA Electric Co. (Meralco) vowed to strengthen and operationalize its sustainability agenda with the adoption of a sustainability scorecard covering the company’s entire value chain.

“Our aim is to ingrain sustainability in all we do, placing it at the core of our strategy and operations as a company,” said Raymond B. Ravelo, first vice-president and chief sustainability officer of Meralco, in a media release on Tuesday.

He described the Meralco Supplier Sustainability Scorecard, or MS3, as “a breakthrough step in broadening the reach and impact of our sustainability efforts as we collaborate closely with our vendor partners in powering the good life for all.”

MS3 was created as a tool to assess suppliers and contractors on various environmental, social, and governance criteria, using the United Nations’ Sustainable Development Goals and the Global Reporting Initiative Standards as its guidelines.

Meralco said that MS3 will provide the company with a comprehensive view of its business partners’ ESG performance and is now incorporated into its accreditation process.

Through the company’s supply chain management (SCM) office, Meralco said that it maintains a network of active suppliers and contractors integral to its ability to deliver high-quality and reliable electric service to customers.

“With the implementation of MS3, Meralco is making headway in increasing awareness on the importance of sustainability among our external stakeholders. Working with different suppliers, we, at SCM, are in a distinctive position to influence and inspire other companies to also embed sustainability in their operations,” said Maria Luisa V. Alvendia, Meralco’s chief of staff to the president and chief executive officer and supply chain advisor.

MS3 will cover all of Meralco’s active suppliers as the company moves towards sustainability excellence throughout its supply chain.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT, Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Ashley Erika O. Jose

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



PHILIPPINE STAR/ MICHAEL VARCAS WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global...


Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded...


Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s...


REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected...


Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to...

Editor’s Pick

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.