Manila Water gets in CDP Leadership Band for water security commitment
MANILA, Philippines — Manila Water, a leading player in the water industry, has reached a significant milestone by earning its very first “A-” score in water security from CDP, a non-profit environmental organization.
This achievement reflects the company’s unwavering commitment to environmental stewardship and its dedication to ensuring water security for the communities it serves.
With a vast experience spanning across water treatment, distribution, wastewater management, and sanitation services, the firm has been a key player in providing essential services to approximately 12 million people worldwide.
The company’s dedication to sustainability and transparency has been affirmed through its improved CDP rating of “A-“, up from “B” in 2022.
“This achievement is a testament to Manila Water’s relentless pursuit of excellence in environmental sustainability and water security,” Jocot de Dios, the company president and CEO, said.
“We are proud that our efforts to face the challenges of water security head on, puts us in the lead in terms of global practices. We are inspired to do even better for the customers and stakeholders. This milestone underscores our ongoing efforts to implement best practices and contribute positively to the communities we serve.”
Article continues after this advertisementThe company’s A- score for water security places it above the Asia regional average of C and surpasses the non-energy utilities sector average of B.
Article continues after this advertisementNotably, Manila Water is the only Philippine-based company to achieve a leadership score for Water Security.
Additionally, Manila Water is part of the select 38 percent of non-energy utility companies that achieved the leadership level in CDP’s water security assessment.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts.
CDP’s rigorous disclosure and scoring process, acknowledged as the gold standard for corporate environmental transparency, scrutinizes over 21,000 companies worldwide.
Manila Water’s elevation to the Leadership Band demonstrates its exemplary practices in environmental reporting, water accounting, risk assessment, and seizing water-related opportunities.
Manila Water has also maintained its management level score, earning a B Rating for climate change. This highlights the company’s holistic approach towards sustainability and its commitment to mitigating environmental risks.
