Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, Framework

Third-party Assurance: DNV Business Assurance Singapore Pte. Ltd.

Environmental Metrics

ESG Focus Areas

• Water Security
• Climate Change
• Biodiversity
• Community Relations
• Corporate Governance
• Human Capital

Environmental Achievements

• Achieved a 42% reduction and avoidance in Scope 1 and 2 GHG Emissions compared to BAU
• Achieved an end-of-period NRW level at 13.5%
• Planted nearly 310,000 trees since 2022
• Achieved 24% water buffer, ensuring ample raw water for all business units
• Reforested approximately 680 has. of watershed area since 2022
• Consistently maintained 100% compliance with national drinking water standards
• Recycled 13.75 MCM of backwash water with a 13x increase in backwash recovery

Social Achievements

• Maintained a below-industry LTI rate average at 0.46
• Improved ESG Ratings: Sustainalytics, MSCI, and CDP
• Launched the Professional Friend initiative to address both work-related and personal challenges
• Zero incidents of work-related ill-health
• Increased the presence of women in crucial leadership roles to 83 out of 165 department and division heads
• Achieved a milestone by overseeing the signing of a new collective bargaining agreement with the East Zone rank-and-file union, which extends to cover 87% of all eligible employees
• Launched a Wellness Leave initiative

Governance Achievements

• Received a 3-golden arrow award from the Institute of Corporate Directors (ICD) for its performance rating against the 2022 ASEAN Corporate Governance Scorecard (ACGS)
• Received its first 4-golden arrow recognition from the ICD for its performance rating against the 2021 ACGS

Climate Goals & Targets

Environmental Challenges

• Government/Regulatory Failure to align, plan, meet obligations, requirements and terms called for by the prevailing Concession Agreements
• Failure to secure regulatory approvals on tariff adjustments
• Failure to maintain or prepare sufficient sources of raw water
• Inability to manage commercial and physical water losses
• Failure to meet growth in both demand and revenue
• Inability to manage unfavorable fluctuations in prices of commodities
• Failure to source and provide timely and cost-efficient funding
• Failure to protect critical company data

Mitigation Strategies

• Implementation of the approved 5-Year Rate Rebasing Service Improvement Plan
• Tariff adjustments were implemented
• Implementation of short and medium-term water source development projects
• Repair and replacement of damaged network and implementation of pressure management initiatives
• Establishment of billed volume recovery initiatives
• Establishment of framework agreements and negotiation of contract terms with major industry providers
• Establishment of new and increase existing credit lines with banks
• Improvement of security and resiliency based on a zero-trust principle

Supply Chain Management

Supplier Audits: 499 out of 601 suppliers screened using environmental and social criteria

Responsible Procurement

• Vendor Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Coastal flooding
• Temperature extremes
• Fluvial Flooding
• Water Stress
• Drought
• Wildfire
• Tropical Cyclone

Transition Risks

• Technology
• Reputation
• Market
• Carbon Pricing
• Litigation

Opportunities

• Developing and expanding products and service
• Adopting clean energy sources
• Implementing resource efficiency initiatives
• Incorporating resilience strategies
• Expanding into new markets and businesses

Reporting Standards

Frameworks Used: IIRC, GRI Standards, SASB Standards, TCFD Recommendations

Certifications: Null

Third-party Assurance: SyCip Gorres Velayo & Co. (SGV & Co.)

UN Sustainable Development Goals

• Goal 6
• Goal 1
• Goal 3
• Goal 4
• Goal 11
• Goal 14
• Goal 15
• Goal 17

Manila Water Foundation supports Goal 6: Clean Water and Sanitation, and strives to contribute to Goal 1: No Poverty, Goal 3: Good Health and Well-Being, Goal 4: Quality Education, Goal 11: Building Sustainable Cities and Communities, Goal 14: Life Below Water, Goal 15: Life on Land, and Goal 17: Partnership for the Goals.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2023 Philippines’ Most Outstanding Company in the Utilities Sector
• 2023 Best Small-Cap Company and Best Utilities Company in the Philippines
• 2023 Special Award in Energy Efficiency Excellence
• 2023 Client of the Year
• 2023 Highly Commended for the Project of the Year Award
• 2023 Outstanding Partner for Fire Safety Award
• 2023 Recognition to Manila Water Philippine Ventures (MWPV)
• 2023 Circle of Excellence, CSR Company of the Year
• 2023 Bronze Awards for "WASH in Pandemic", "#SafeWASH in Schools", and "WASH O’clock"
• 2023 Best Branded Photo
• 2023 Energy Efficiency and Conservation Award
• 2023 Platinum - Best Environmental Excellence Award, Platinum - Best Workplace Practices Award and Platinum - Excellence In Provision Of Literacy and Education Award
• 2023 Employer of the Year Regional Exemplar
• 2023 Two (2) Silver Anvil Awards