Manila Water Lands on CDP’s Leadership Band for its Commitment to Water Security
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 the renowned environmental non-profit organization, CDP. This achievement reflects Manila Water'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, Manila Water 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," said Jocot de Dios, President and CEO of Manila Water. "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."
Manila Water'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. Notably, 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% 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.
In addition to its remarkable achievement in water security, 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.
As Manila Water continues to lead by example in corporate transparency and environmental performance, it reaffirms its commitment to driving positive change and building a more sustainable future for generations to come.