The Climate Transition Assessment (CTA) measures governance, strategy, risk management, and climate targets, with “medium green” showing solid alignment with sustainability goals but room to advance to industry-leading standards.
“This independent assessment provides a transparent benchmark of our climate transition efforts,” said Roel S. Espiritu, Maynilad’s chief sustainability officer. “It highlights both our progress and the areas where we can continue to strengthen.”
S&P cited Maynilad’s water reuse through its NEW WATER project, watershed restoration, and infrastructure investments as key drivers of its rating, noting all its revenues come from environmentally sustainable activities.
The review highlights Maynilad’s net zero ambition as “ambitious in the context of the Philippines,” which has yet to set a nationwide target, and underscores its critical role in delivering water and wastewater services to over 10 million people.
—Edited by Miguel R. Camus
