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Saturday, May 18, 2024

MPIC garners ‘A’ rating in infrastructure index

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Metro Pacific Investments Corp., the country’s leading infrastructure investment company, achieved the highest level ‘A’ rating in the Global Listed Infrastructure Organization/Global Real Estate Sustainability Benchmark (ESG Index for Infrastructure, being one of the 19 out of 160 to accomplish this feat.

Companies should derive 75 percent of EBITDA from infrastructure groups such as energy, transportation and storage, communications infrastructure, transportation, renewable energy and regulated network utilities to be eligible for the GLIO/GRESB ESG Index in the same way as the parent GLIO Index.

“Metro-Pacific is the highest ‘A’ rated emerging markets company in the 2021 GLIO/GRESB public disclosure assessment. Only 19 companies achieved the highest level ‘A’ rating from the 160 in the GLIO/GRESB ESG Index for infrastructure,” said GLIO chief executive Fraser Hughes. “Metro Pacific can be proud it finds itself in this top group for ESG transparency – it’s a fantastic achievement”.

MPIC chief finance, sustainability and risk officer Chaye Cabal-Revilla said: “The work that we have done and continue to do has been a progressive contributor to national development—the figures we disclose, the stories we tell and the impacts we make, are testaments to that. It is essential for us to provide transparent, accurate, and sufficient information for all our stakeholders, so they are aware of the impact of the decisions we make in operating our businesses.”

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