Manuel V. Pangilinan-led Manila Electric Company (Meralco) has clinched the highest honor at the 2025 Asia Integrated Reporting Awards (AIRA), winning the Platinum Award for Asia’s Best Integrated Report —First-Time Category.

The recognition was given to Meralco’s inaugural One Meralco 2024 Integrated Report, which emerged as the highest-scoring first-time entry across Asia, the Pacific, and the Middle East. AIRA is widely regarded as the most prestigious award for corporate and sustainability reporting in the region, with winners selected through a multi-stage evaluation process and reputation checks.

The 2024 report details the company’s strategy, governance, performance, risk management and long-term sustainability commitments, positioning climate, social impact and responsible governance as core value drivers.

“We recognize that what matters to our stakeholders goes well beyond financial and operational figures. Climate risks, social impact and governance are now key drivers of value and play an increasingly important role in decision-making,” said Meralco first vice president and chief sustainability officer Raymond B. Ravelo. “By embedding these into our reporting framework ahead of regulatory timelines, we are preparing Meralco not only to meet current reporting requirements, but also to address the opportunities and challenges of the years ahead.”

Meralco’s report is among the first in the Philippines to adopt the International Integrated Reporting Framework and the IFRS S2 Climate-related Disclosures standard ahead of the Securities and Exchange Commission’s implementation mandate. It also features the company’s first double materiality assessment, evaluating both the impacts of its operations on people and the environment and the financial implications of sustainability-related risks and opportunities.

The report also formally launches “One Meralco,” integrating Meralco and its subsidiaries under one reporting framework covering economic, environmental and social value creation.