West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) was conferred a Bronze award under the “Asia’s Best Sustainability Report – Private Company” category of the 9th Asia Sustainability Reporting Awards (ASRA). The award reinforces Maynilad’s commitment to high quality reporting of its sustainability performance and its progress in addressing key sustainability issues.
“This recognition is a major accomplishment for companies like Maynilad that focus on sustainable growth. We aim for transparency in disclosing our social, governance and environmental performance, and this award confirms that we are on the right track,” said Maynilad’s Chief Sustainability Officer Atty. Roel S. Espiritu.
Sustainability reporting enables companies to assess and communicate their sustainability performance, manage risks, build trust with stakeholders, and align their business strategies with stakeholder expectations. High quality sustainability disclosures not only provide a competitive advantage but also contribute to improved financial outcomes and broader access to capital.
Rajesh Chhabara, founder of ASRA and Managing Director of CSWorks, said that Maynilad’s sustainability report “sets a benchmark in transparently reporting the management of significant sustainability impacts, risks, and opportunities.”
ASRA recognizes the best in sustainability reporting, promoting transparency and accountability in business practices. The 9th year of ASRA garnered participants from leading companies from 15 Asian nations. Winners are selected through rigorous evaluations, involving three rounds of assessment and reputation checks.
Maynilad is the largest private water concessionaire in the Philippines in terms of customer base. It is the concessionaire of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (certain portions), Quezon City (certain portions), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila; the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite Province.