Climate Change Data

Megaworld Corporation

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Scope 1 Emissions:33,575.29 tCO2e
Scope 2 Emissions:162,302.6 tCO2e
Scope 3 Emissions:198,734.21 tCO2e
Renewable Energy Share:35%
Total Energy Consumption:1,338,913.85 GJ
Water Consumption:2,923.02 megaliters
Waste Generated:92,375.35 metric tonnes (solid); 1,763.66 metric tonnes (hazardous)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Achieved carbon neutrality for 100% Megaworld-owned buildings.
  • 35% of properties now powered by renewable energy; plan to transition all contestable properties to renewable sources by 2027.
  • Planted over 72,000 trees since 2021 in Miag-ao, Iloilo Pilot Site
  • Launched Goal Zero Waste Management Program across all operating townships targeting 90% reduction on residual wastes

Social Achievements

  • Walk Into Your Future: Scholarship Application Caravan provided scholarships to 1,000 students.
  • Eskwela ng Bayan tutored 90 grade school pupils.
  • One Mega for Brigada supported 21 public schools.
  • Operations Malasakit: Haplos ng Biyaya supported 100 senior citizens.
  • Hope for Health: Medical Missions served over 1,600 individuals.
  • One Spoon at a Time: Feeding Activity benefited 150 public school students and 10 mothers.
  • Hands in Harmony: Livelihood Program generated livelihood opportunities for 15 PWDs and their parents.

Governance Achievements

  • Implemented a digital Stakeholder Survey.
  • Established the 2035 Carbon Neutrality Road Map for the Real Estate Arm (Operating Commercial Establishments Only)
  • 100% of all employees, business partners, and management participated in anti-corruption training in 2023
  • 0 corruption incidents in 2023

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality for Scopes 1 and 2 by 2035.
Medium-term Goals:
  • Achieve 70% jump in hotel room keys by 2028.
  • Transition 100% contestable properties to renewable energy by 2027.
  • Plant an additional 72,000 trees in Miag-ao, Iloilo over the next two years.
Short-term Goals:
  • Achieve 10% GLA increase in office segment by 2026.
  • Achieve at least 30% boost in GLA for malls by 2026.
  • Complete water recycling program at McKinley Hill by 2024.
  • Begin Water Recovery Project at Iloilo Festive Walk Mall by 2024.

Environmental Challenges

  • Rising cost of commodities and logistical hurdles affecting product availability in malls.
  • Competitive labor market intensified by global travel resumptions in hotels.
  • Connectivity issues and data security concerns related to WFH in BPO industry.
Mitigation Strategies
  • Close collaboration with tenants to ensure diverse product mix in malls.
  • Bolstering marketing strategies to attract significant tourist markets in hotels.
  • International Finance Center (IFC) provides robust internet connectivity and advanced security measures for BPO operations.

Supply Chain Management

Responsible Procurement
  • Vendor’s Accreditation Program
  • Emphasis on local sourcing
  • Use of high-quality, durable materials
  • Compliance with ISO 14001 standards for vendors

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Philippines’ Securities and Exchange Commission (SEC) Sustainability Reporting Guidelines for Publicly-Listed Companies

Certifications: LEED, EDGE, ISO 9001, ISO 14001

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 7
  • SDG 12
  • SDG 13
  • SDG 15
  • SDG 1
  • SDG 2

Report details how various initiatives contribute to these goals (see section 'Contribution to the UN Sustainable Development Goals').

Sustainable Products & Innovation

  • Smart homes with energy-efficient appliances and green features.

Awards & Recognition

  • Numerous awards listed in the report (Asia-Pacific Stevie Awards, International Business Awards, Anvil Awards, etc.)