Manila Water received a Management B rating for its 2022 CDP Climate Change and Water Security Disclosures, improving its Climate Change rating from Awareness level (C), while maintaining the management level rating in Water Security.
CDP, formerly Carbon Disclosure Project, aims to make environmental reporting and risk management a business norm, driving disclosure, insight and action toward a sustainable economy.
Manila Water’s B rating on the CDP Score Report on Climate Change for 2022 is now above the Asia regional average of C and also higher than both the global average and non-energy utilities sector average of C.
It also garnered a B rating on the CDP Score Report for Water Security for 2022 which is in the management band. This is the same as the Asia regional average of B but higher than the non-energy utilities sector and global average, which are both at C rating.
Receiving the B ratings exemplified the company’s strengthened climate actions, a solid testament to its efforts to address risks and opportunities brought about by climate change.
It also manifested the firm’s steadfast commitment to provide 24/7 water and wastewater services…
