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Manila, Philippines – Philippine-based multinational utility Manila Water Firm (MWC) has been shortlisted for the distinguished Water Firm of the 12 months prize by the 2022 International Water Awards, the winner of which will likely be introduced in the course of the International Water Summit scheduled on Could 17, 2022 in Madrid, Spain (https://globalwaterawards.com).
This was disclosed in the course of the 6th installment of the Upsilon Sigma Phi Local weather Motion Community (UpsilonCAN) webinar collection entitled “The Manila Water Sustainability Story” held final Saturday, April 4. The occasion passed off in observance of World Water Day 2022, and was co-presented by Upsilon Sigma Phi North America, Inc. and the UP Circle of Entrepreneurs.
In accordance with visitor speaker and Manila Water Firm (MWC) Chief Working Officer Melvin John M. Tan, “I’m glad to announce that Manila Water is certainly one of solely 4 water utilities nominated for the award. We’re proud to be a Filipino multinational firm that’s gaining world recognition for the nation.” Tan, who was spent over 20 years with MWC, is concurrently President of Wawa JV Co, Inc. and Market Sector Lead of MWC’s guardian firm Prime Infra, the core infrastructure arm of the Razon group.
MWC is ranked amongst the very best water operator on this planet by International Water Intelligence, and it acquired the Finest Sustainability Award by Asset Asian Awards in 2020 for its US$ 500 million sustainability bond issuance – the most important sustainability bond issued by a privately-led, publicly-listed water utility in Asia. MWC has additionally been acknowledged by the World Financial institution as a water utility of the long run.
With the theme of “Higher lives and resilient economies via important infrastructure,” Tan famous that within the 25 years since MWC took over administration and operations of its franchise space in 1997, water availability has elevated from 26% to 100% in its Central Distribution System; it has decreased non-revenue water from 63% to 13%; and it now serves 7.3 million customers, in comparison with solely 3.1 million when it started.
MWC can be identified to have pioneered sustainability practices within the Philippines: it was the primary home firm to publish sustainability reviews in 2005; the primary to speak local weather change insurance policies in 2007; and the primary to publish sustainability reviews in accordance with GRI Requirements in 2010. It’s poised to publicize its Environmental, Social, and Governance (ESG) insurance policies later this yr. Outdoors of the Philippines, MWC has enterprise operations in Vietnam, Thailand, Indonesia, and the Kingdom of Saudi Arabia.
The Local weather Motion Community is a collection of digital occasions sponsored by Upsilon Sigma Phi. Led by authorities officers and personal sector leaders from the Philippines in addition to specialists around the globe, the initiative seeks to raise ongoing discussions on the worldwide local weather disaster via data sharing, encouraging engagement, and empowering activism. In pursuit of its slogan: “Saving our Planet, One U-Speak at a Time!”, the UpsilonCAN initiative will proceed to host a collection of on-line webinars to deal with the difficulty of local weather change.
For extra data on previous and future occasions or to enroll, go to http://upsiloncan.eventbrite.com/.
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