Metro Pacific Investments Corporation (MPIC) recently made it to the top echelon of Asia Pacific firms in terms of Environmental, Social and Governance (ESG) Risk rating.
“We are relentless in our pursuit to drive MPIC towards sustainable growth," MPIC Chairman, President and Chief Executive Officer Manuel V. Pangilinan stated Tuesday, May 10.
"We are committed to continuously foster organization-wide accountability for sustainability,” he underscored.
This March, MPIC achieved an ESGRisk Rating score of 11.0 from Sustainalytics, a global leader in ESG research, ratings, and data, covering 14,000 companies.
The score placed MPIC in the “Low Risk” category of experiencing material financial impacts from ESG factors and elevated it to the top three percent of companies in Sustainalytics’ Diversified Financials Industry.
Sustainalytics also recognized MPIC as an ESG Industry Top Rated company as well as an ESG Top-Rated Regional company in 2022.
The ESG Risk Ratings help investors identify and understand financially material ESG risks and how they affect long-term performance for investments.
“Sustainability is deeply embedded in our key businesses and investment strategies, allowing us to do good while doing well,” explained Chaye Cabal-Revilla, MPIC Chief Finance, Risk and Sustainability Officer.
“We are proud to be recognized as a top ESG performer, and will continue to become a catalyst for sustainability in the country while providing essential services to improve lives and livelihoods of the Filipinos,” she added.
Sustainalytics assessed MPIC on its exposure to industry-specific material ESG risks and how it managed those risks, compared across all industries.
Recently, MPIC released its first Integrated Report (IR) showcasing how financial and non-financial factors drive the company’s growth and performance.
The report also disclosed the company’s climate-related risks and opportunities aligned with the Taskforce on Climate-related Financial Disclosures Framework.
Overall, the IR gives a clearer view of how MPIC demonstrates sustainability leadership, creates value in the long-term, and addresses stakeholder needs.
MPIC is committed to helping achieve the 2030 Agenda for Sustainable Development by managing its impacts, improving its performance, and tracking its progress against the 17 United Nations Sustainable Development Goals.
MPIC is a leading infrastructure investment company with holdings in Manila Electric Company, Maynilad Water Services, Inc., MetroPac Water Investments Corporation, Metro Pacific Tollways Corporation, Metro Pacific Hospital Holdings Inc., Light Rail Manila Corporation and mWell PH.
It seeks to create long-term value for all its stakeholders through responsible and sustainable investments.
MPIC and its group of companies power commerce and households, connect people and places, deliver clean and safe water, and make world-class healthcare available to all.