Manila Water Company said on Tuesday it earned its first ‘A’ listing from CDP (Carbon Disclosure Project) for water security, a milestone making it the first Philippine company to achieve the top rating.
The significant improvement from last year’s ‘A-’ reflects the company’s strong performance in setting strategic goals, implementing effective initiatives and maintaining transparent disclosure practices, Manila Water said in a statement.
It said of the more than 22,700 companies scored by CDP in 2024, the recognition underscores Manila Water’s ongoing leadership in water stewardship.
“We are incredibly proud to achieve an ‘A’ listing from CDP for our water security efforts,” Manila Water president and chief executive Jocot de Dios said.
“This recognition validates our unwavering commitment to responsible water management and reflects the dedication of our entire team. Sustainability is a core component that informs our long-term vision for all areas of operation, as we ensure continued service to over 12 million people globally,” he said.
The company said that in addition to its ‘A’ rating for water security, Manila Water maintained a ‘B’ score in its climate assessment, further demonstrating its commitment to addressing interconnected environmental challenges.
The consistent climate rating highlights its proactive approach to upholding evolving corporate transparency standards, particularly as CDP’s expanded platform in 2024 aligns with the ISSB Climate-related Disclosures Standard.
Manila Water said it remains steadfast in its mission to provide reliable and sustainable water services while actively contributing to the transition to a low-carbon economy.
