Manila, Philippines – Philippine multinational utility Manila Water Company (MWC) has been shortlisted for the prestigious Water Company of the Year award by the 2022 Global Water Awards, with the winner to be announced at the World Water Summit scheduled for May 17, 2022 in Madrid, Spain (https://globalwaterawards.com).
This was revealed during the 6and episode of the Upsilon Sigma Phi Climate Action Network (UpsilonCAN) webinar series titled “The Manila Water Sustainability Story” held on Saturday April 4th. The event took place in conjunction with World Water Day 2022 and was co-presented by Upsilon Sigma Phi North America, Inc. and the UP Entrepreneur Circle.
According to guest speaker and COO of Manila Water Company (MWC), Melvin John M. Tan, “I am pleased to announce that Manila Water is one of only four water utilities nominated for the award. . We are proud to be a Filipino multinational that is gaining global recognition for the country. Tan, who has spent more than two decades at MWC, is simultaneously Chairman of Wawa JV Co, Inc. and Head of Market Sector of MWC’s parent company, Prime Infra, the core infrastructure arm of the Razon Group.
MWC is ranked among the best water operators in the world by Global Water Intelligence, and it was awarded Best Sustainability by Asset Asian Awards in 2020 for its US$500 million sustainability bond issuance – the largest sustainable bond issued by a private, publicly traded water utility in Asia. MWC has also been recognized by the World Bank as a water utility of the future.
With the theme “Better Lives and Resilient Economies Through Critical Infrastructure,” Tan noted that in the 25 years since MWC took over the management and operation of its franchise area in 1997, the availability of water went from 26% to 100% in its central distribution. System; it reduced non-revenue water from 63% to 13%; and it now serves 7.3 million consumers, up from just 3.1 million when it started.
MWC is also known for pioneering sustainability practices in the Philippines: it was the first national company to publish sustainability reports in 2005; the first to communicate policies on climate change in 2007; and the first to publish sustainability reports in accordance with GRI standards in 2010. It is set to publish its environmental, social and governance (ESG) policies later this year. Outside the Philippines, MWC has business operations in Vietnam, Thailand, Indonesia and the Kingdom of Saudi Arabia.
The Climate Action Network is a series of virtual events sponsored by Upsilon Sigma Phi. Led by government officials and private sector leaders from the Philippines as well as experts from around the world, the initiative aims to elevate ongoing discussions on the global climate crisis through information sharing, encouragement of engagement and empowerment of activism. In pursuit of its slogan: “Let’s save our planet, one U-Talk at a time!” the UpsilonCAN initiative will continue to host a series of online webinars to address the issue of climate change.
For more information on past and future events or to register, visit http://upsiloncan.eventbrite.com/.