The Asia Sustainability Reporting Rating (ASRRAT), a rating system initiated by the National Center for Sustainability Reporting (NCSR), recently recognized Meralco’s 2019 Sustainability Report (SR), “Sustaining the Future,” with a Gold Rank after its assessment of sustainability reports published across Asia, and covering multiple sectors.
Established in 2005, NCSR is the first independent organization to develop sustainability reporting in Indonesia and the first organization to introduce the term “sustainability report” in the country. NCSR established ASRRAT, formerly known as the sustainability Reporting Award, to acknowledge and honor companies, both domestic and overseas, for sustainability reports showcasing their performance in sustainability, various programs, and initiatives. Ranking was awarded based on criteria such as compliance with the standards of the Global Reporting Initiative, transparency of GHG disclosures, and alignment with and support of the UN SDGs.
The international award was presented during the 16th ASRRAT Forum held on December 16, 2020, in Jakarta, Indonesia. Sustaining the Future is the first maiden SR from the Philippines to be recognized by the ASRRAT.