Report - COP Prototype

2022 Communication on Progress

Metro Pacific Investments Corporation

Published date

June 30, 2022

No. of questions

Supplemental files

MPIC-Policy-on-the-Respect-for-and-Protection-of-the-Rights-of-People.pdf MPIC-Anti-Bribery-and-Anti-Corruption-Policy.pdf MPIC-ESIA-Policy.pdf MPIC_IR21_UNGC.pdf MPIC-Workplace-Gender-Equality-and-Diversity-Policy.pdf Environmental-Health-and-Safety-Policy.pdf MPIC-Policy-on-the-Respect-for-and-Protection-of-the-Rights-of-People.pdf MPIC-ESIA-Policy.pdf Environmental-Health-and-Safety-Policy.pdf Conflict-of-Interest-Policy.pdf

CEO Statement

Signed

Governance

Policies and Responsibilities

1. Does the Board / highest governance body or most senior executive of the company:

Issue an annual statement about the relevance of sustainable development to the company

Issue an annual statement that addresses impacts on both people and the environment

Issue an annual statement highlighting a zero tolerance for corruption

Sign off on organizational sustainability targets

Supervise Environmental, Social, and Governance reporting

Regularly review potential risks related to the business model

None of the above

Optional comment

The Board of Directors, through the Governance and Sustainability Committee, oversees MPIC's sustainability initiatives and supervises the Company's sustainability reporting. Statement from the Board of Directors can be found on p. 2 of our MPIC 2021 Integrated Report.

2. Does the company have a publicly stated commitment regarding the following sustainability topics?

	No, this is not a current priority	No, but we plan to have a commitment within 2 years	Yes, and the commitment is focused on our own operations	Yes, and the commitment includes our own operations and the value chain	Yes, and the commitment includes our own operations and the value chain along with communities and society
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Optional comment

MPIC's policies on the Respect for and Protection of the Rights of People, Environment and Social Impact Assessment, Anti-Bribery and Anti-Corruption, and Environment, Health and Safety are also available on its website: https://www.mpic.com.ph/corporate-governance/company-policies/

3. Does the company have in place a code of conduct regarding each of the following sustainability topics?

	No, this is not a current priority	No, but we plan to have a code of conduct within two years	Yes, focused on employee conduct	Yes, focused on employees and suppliers	Yes, focused on employees, suppliers, and other business relationships
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

4. Has the company appointed an individual or group responsible for each of the following sustainability topics?

	No one is specifically responsible for this topic	Yes, with limited influence on outcomes (e.g., limited access to internal information, limited decision-making authority)	Yes, with moderate influence on outcomes (e.g., has access to relevant information, reports to senior manager)	Yes, with direct influence of some outcomes (e.g., has access to relevant information, includes one or more senior manager with decision making rights	Yes, with direct influence at the highest levels of the organization (e.g., has access to relevant information, includes most senior members of organization)
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Optional comment

MPIC has an established Board Governance and Sustainability Committee that oversees the Company's overall governance and sustainability framework and policies. It also designated a Chief Compliance Officer and a Chief Sustainability Officer at the senior management level.

5. Does the company have a formal structure(s) (such as a cross-functional committee) to address each of the following sustainability topics?

	No formal structure	Yes, and with limited influence on outcomes (e.g., limited access to internal information necessary to understand risks, poor representation from relevant departments or functions)	Yes, with moderate influence on outcomes (e.g., it includes representatives of some functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, reports to senior manager)	Yes, with direct influence on some outcomes (e.g., it includes representatives of functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, it involves one or more members of senior management)	Yes, and with direct influence at the highest level of the organization (e.g., full access to relevant information, it involves members at highest level of organization)
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Prevention

6. Does the company have a process or processes to assess risk?

	No, this is not a current priority	No, but we are planning to develop one in the next two years	Yes, related to our own operations	Yes, related to our own operations and entire value chain and other business relationships
Human rights risks
Labour rights risks
Environmental risks
Corruption risks

Optional comment

MPIC has an established Board Risk Management Committee that has oversight responsibilities over the Company’s enterprise risk management policy and execution of risk management strategies and practices including regulatory and ethical compliance monitoring. The Committee investigates the risk exposures of the Company and evaluates the steps the management is taking in managing and controlling such exposures. It also designated a Chief Risk Officer who has the mandate to identify, assess, and manage all types of risks, including human rights, labor rights, environmental, and corruption.

6.1. During the assessment of risk, which business relationships are reviewed?

	A few suppliers or business relationships [approximately less than 25 %]	Several suppliers / business relationships (i.e., first tier or other high priority) [approx. 25 - 50 %]	Most suppliers / relevant business relationships [approx. 51 - 99 %]	All suppliers / relevant business relationships outside the supply chain
Human rights risks
Labour rights risks
Environmental risks
Corruption risks

7. Does the company have a due diligence process through which it identifies, prevents, mitigates, and accounts for actual and potential negative impacts on sustainability topics?

	No, this is not a current priority	No, but we are planning to develop one in the next two years	Yes, related to our own operations	Yes, related to our own operations and entire value chain and other business relationships
Human rights risks
Labour rights risks
Environmental risks
Corruption risks

Optional comment

MPIC conducts due diligence on potential acquisitions and projects in order to identify various risks including environmental and social impacts. Environmental, social and governance factors are key considerations in MPIC’s investment decision making process and in guiding existing portfolio of companies. Environment and Social Impact Assessments are part of the Company's mergers & acquisitions due diligence.

7.1. During the due diligence process, which business relationships are reviewed?

	A few suppliers or business relationships [approximately less than 25 %]	Several suppliers / business relationships (i.e., first tier or other high priority) [approx. 25 - 50 %]	Most suppliers / relevant business relationships [approx. 51 - 99 %]	All suppliers / relevant business relationships outside the supply chain
Human rights risks
Labour rights risks
Environmental risks
Corruption risks

Concerns and grievance mechanisms

8. Are there any processes through which members of the company’s workforce can raise concerns about the company’s conduct related to human rights, labour rights, environment, or anti-corruption?

No, this is not a current priority

No, but we plan to within two years

Yes, we have an informal process (e.g., through supervisors, others)

Yes, we have a formal process

Optional comment

MPIC has a Whistleblowing Policy that is also intended to assist a Reporting Person to disclose information relevant to suspected misconduct, malpractice or irregularity through a confidential reporting channel.

8.1. Please provide additional detail regarding the process(es) the company has through which members of the company’s workforce can raise concerns about the company’s conduct.

	No	Yes
Is the process communicated to all employees/workers in local languages?
Is the process available to non-employees (e.g., contractors, vendors, suppliers)?
Is the process confidential (e.g., whistleblowing process)?
Are there processes in place to avoid retaliation?
Can concerns be raised about suppliers or other business relationships (e.g., clients, partners, etc.)
Other (Please provide additional information)

Optional comment

To protect and support the Reporting Person, the Whistleblowing Policy has a clause that states that "The Corporation reserves the right to take appropriate actions against anyone who initiates or threatens to initiate retaliation against those who submits a Whistleblowing Report, including disciplinary actions. Management will support all Reporting Persons and encourage them to raise concerns without fear of reprisals."

9. Does the company provide or enable access to effective remedy to right holders / stakeholders where it has caused or contributed to the adverse impact?

	No process to enable remedy to stakeholders	Remedy available to some stakeholders (i.e., some geographies, employees only)	Remedy is available to all affected stakeholders	Remedy is available to all stakeholders, and suppliers are expected to have similar policies
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Lessons

10. How does the company capture lessons regarding each of the following sustainability topics?

	No lessons are regularly captured	Conducts root cause analyses/investigation of major incidents	Conducts root cause analyses/investigation and changes organizational policies, processes, and practices accordingly	Systematically conducts root cause analyses/investigation and leverages learnings to influence both internal and external affairs
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Optional comment

The MPIC Group Sustainability Council, which now includes the wider MVP Group, meets monthly to discuss various sustainability topics and trends. The Chief Sustainability Officer also provides sustainability updates to the Board Governance and Sustainability Committee quarterly.

Executive Pay

11. Is executive pay linked to performance on one or more of the following sustainability topics?

Optional comment

MPIC has a Board-approved ESG KPI and targets linked to variable compensation of executives and employees. You may find more details at https://www.mpic.com.ph/sustainability/esg-linked-compensation/.

Board Composition

12. Percentage of individuals within the company’s Board / highest governance body by:

	Number/Percentage	Not applicable (Please provide additional information)
Total number of board members (#)	15
Male (%)	93
Female (%)	7
Non-binary (%)	0
Under 30 years old (%)	0
30-50 years old (%)	7
Above 50 years old (%)	93
From minority or vulnerable groups (%)	0
Executive (%)	13
Independent (%)	27

Optional comment

Number of Independent Directors (4 out of 15) is more than the 20% requirement of the Philippine law.

Data Assurance

14. Is the information disclosed in this questionnaire assured by a third-party?

No assurance for any metrics

Limited assurance for minority of metrics (e.g., GHG emissions only)

Limited assurance for majority of metrics

DNV

Reasonable assurance for minority of metrics

Reasonable assurance for majority of metrics

DNV has provided an independent assurance of the sustainability disclosures in MPIC's Integrated Report. It performed a Type 2 Moderate Level of assurance using AccountAbility’s AA1000 Assurance Standard v3 (August 2020, AA1000AS v3) and DNV’s assurance methodology VerisustainTM1, which is based on our professional experience, international assurance best practices including International Standard on Assurance Engagements 3000 (ISAE 3000) Revised*, along with the Global Reporting Initiative’s (‘GRI’s’) Principles for Defining Report Content and Report Quality and the Sustainability Accounting Standards Board’s (‘SASB’s’) industry-specific Standards. It also evaluated the Report for adherence to the reporting principles for defining the sustainability report content using the principles of International <IR> Framework (‘the <IR> Framework’) and GRI Standards along with AA1000AS v3.

Other (Please provide additional information)

Optional comment

2021 MPIC Integrated Report has been uploaded. Please find the Independent Assurance Statement on pp. 167-168.

Human Rights

Commitment

2. Does the company have a policy commitment in relation to the following human rights issues?

	No, and we have no plans to develop a policy	No, but we plan to in the next two years	Yes, included within a broader policy	Yes, articulated as a stand-alone policy
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
2016
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation
2019

Optional comment

MPIC has water business in its portfolio. It owns 53% of Maynilad, the Philippines’ largest private water concessionaire in the country, distributing water to approximately 58% of National Capital Region (NCR). It also has a wholly owned subsidiary, Metro Pacific Water (MPW), that provides water and sanitation coverage for communities outside NCR. In addition, MPW’s mission is to uplift live by providing safe water for all. Maynilad has Water Safety Plan that details programs and procedures in ensuring the safety of water supplied to customers, and corrective actions in case of water contamination brought about by disasters and security threats. Link to Maynilad's Water Safety Plan: https://www.mayniladwater.com.ph/disclosures-and-transparency/maynilad-water-safety-plan-2019/ MPIC has a Privacy Policy, which is in accordance with the applicable laws and regulations on data privacy, including the Philippine Data Privacy Act of 2012 and its implementing rules and regulations. Here's the link to MPIC's Privacy Policy: https://www.mpic.com.ph/privacy-policy/

2.1. For each human rights policy, is it:

	Aligned with international human rights standards?	Publicly available?	Approved at most senior level of the company?	Applied to the company’s own operations?	Applied to the company’s supply chain and/or other business relationships?	Developed involving human rights expertise from inside and outside the company?	Other (Please provide additional information)
Freedom of expression
Digital security / privacy
Rights of women and/or girls
Access to culture
Rights of indigenous peoples
Free, prior and informed consent
Rights of refugees and migrants
Access to water and sanitation

Prevention

3. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following human rights issues?

	No engagement on this topic	To better understand the risks/ impacts in question	To discuss potential ways to prevent or mitigate the risks/ impacts in question	To agree on a way to prevent/ mitigate the risks/ impacts in question	To assess progress in preventing /mitigating the risks/impacts in question	To collaborate in the prevention/ mitigation of the risks/ impacts in question
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation

Optional comment

MPIC Group embraced the protection and conservation of Laguna de Bay, one of the major sources of water for Metro Manila, as an advocacy. It continues to collaborate with various stakeholders, including government agencies, local government units, and local communities, and policymakers. The Group signed a Memorandum of Cooperation with the Laguna Lake Development Authority, an attached agency of the Department of Environment and Natural Resources.

4. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this human rights issue?

	Provided internal training/ capacity building for the direct workforce	Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)	Conducting an audit process and/or corrective action plan	Collective Action with peers or other stakeholders to address the issue	Collaboration with governmental or regulatory bodies	Other (Please provide additional information)	No action within reporting period
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation

Optional comment

All Company policies and procedures relating to corporate governance, including digital privacy and cybersecurity, are being reviewed by the Internal Audit (IA). Compliance to these is also being assessed by IA.

5. Who receives training for the following human rights issues?

	No training provided	Select employees	All employees	Contractors	Direct suppliers of the organization	Indirect suppliers of the organization	Other – such as partners, clients, etc.
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation

Optional comment

MPIC provided a mandatory Occupational Safety and Health training that also discussed water and sanitation as well as Corporate Governance in the Digital Age training that talked about cybersecurity and digital privacy.

6. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following human rights issues?

	No monitoring of progress	Review issues on ad-hoc basis	Set annual targets/ goals, track progress over time (internal programs only)	Set annual targets/ goals, track progress over time (internal and external programs)	Other (Please provide additional information)
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation

Optional comment

Data privacy and cybersecurity are included in MPIC's ESG KPIs and Targets linked to employees' variable compensation.

Response

7. During the reporting period, has the company been involved in providing or enabling remedy where it has caused or contributed to adverse impact associated with the following human rights issue(s)?

	Yes	No	Choose to not disclose	Not applicable (Please provide additional information)
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation

8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the human rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

MPIC has an approved Policy on the Respect for and Protection of the Rights of People that lays down the framework by which it shall do business in a manner that respects and promotes human dignity. MPIC also has an Environment and Social Impact Assessment (ESIA) Policy that formalizes ESIA as a mandatory item in MPIC's M&A due diligence. In addition, MPIC has a Business Development and Investment Policy which includes a list of Industry and Product Exclusions where the Company will not invest in, as well as due diligence focus areas, which includes human rights due diligence. MPIC also conducts mandatory occupational safety and health training and provides an annual corporate governance refresher course for its employees.

Labour

Commitment

1. Does the company have a policy commitment in relation to the following labour rights principles?

	No, and we have no plans to develop a policy	No, but we plan to in the next two years	Yes, included within a broader policy	Yes, articulated as a stand-alone policy	Not applicable (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
2018
Forced labour
2018
Child labour
2018
Non-discrimination in respect of employment and occupation
2018
Occupational safety and health
2021
Working conditions (wages, working hours)
2018

1.1. For each labour rights policy, is it:

	Aligned with international labour standards?	Publicly available?	Approved at most senior level of the company?	Applied to the company’s own operations?	Applied to the company’s supply chain and/or other business relationships?	Developed involving labour rights expertise from inside and outside the company?	Other (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

Prevention

2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following labour rights issues?

	No engagement on this topic	To better understand the risks/ impacts in question	To discuss potential ways to prevent or mitigate the risks/ impacts in question	To agree on a way to prevent/ mitigate the risks/ impacts in question	To assess progress in preventing/ mitigating the risks /impacts in question	To collaborate in the prevention/ mitigation of the risks/ impacts in question	Other (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this labour rights issue?

	Provided internal training/ capacity building for the direct workforce	Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)	Conducting an audit process and/or corrective action plan	Collective Action with peers or other stakeholders, in particular workers' organizations, to address the issue	Collaboration with governmental or regulatory bodies	Other (Please provide additional information)	No action within reporting period
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

4. Who receives training for the following labour rights issues?

	No training provided	Select employees	All employees	Contractors	Direct suppliers of the organization	Indirect suppliers of the organization	Other – such as partners, clients, etc.
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

5. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following labour rights issues?

	No monitoring of progress	Review issues on ad-hoc basis	Set annual targets/ goals, track progress over time (internal programs only)	Set annual targets/ goals, track progress over time (internal and external programs)	Other (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

Performance

6. What is the percentage of employees covered under collective bargaining agreements?

	Percent of employees (%)	Unknown
Employees covered under collective bargaining (%)	0

Optional comment

There is no union/collective bargaining agreements at the MPIC Holding Company level. For our operating companies, 45% (Meralco), 71% (Maynilad), and 64% (Light Rail Manila Corp) of employees are covered. Information on employees covered by the Collective Bargaining Agreements can be found on p. 146 of our 2021 MPIC Integrated Report.

7. What is the percentage of employees in a trade union or other workers' organization?

	Percent of employees (%)	Unknown	Not applicable (Please provide additional information)
Employees in a trade union or on a worker committee (%)	0

Optional comment

8. In the course of the reporting period, what was the percentage of women in:

	Percent of women (%)	Unknown
Senior leadership level position	60
Non-executive board	7

Optional comment

MPIC Group Employee breakdown can be found on pp. 140-144 of our 2021 MPIC Integrated Report.

9. What was the average ratio of the basic salary and remuneration of women to men (comparing jobs of equal value) during the reporting period?

	Salary ratio (%)	Unknown	Choose to not disclose
Women / Men (%)	93

Optional comment

Information on Gender Pay Gap can be found on p. 147 of our 2021 MPIC Integrated Report.

10. In the course of the reporting period, how frequently were workers injured (injuries per hour worked)?

	Frequency of injury	Unknown	Choose to not disclose
Frequency of injury	0

Optional comment

MPIC didn't have any occupational injuries and diseases. Information on MPIC Group's Occupational Safety and Health can be found on p. 144 of our 2021 MPIC Integrated Report.

11. In the course of the reporting period, what was the company’s incident rate?

	Incident rate	Unknown	Choose to not disclose
Incident rate	0

Optional comment

MPIC didn't have any occupational injuries and diseases. Information on MPIC Group's Occupational Safety and Health can be found on p. 144 of our 2021 MPIC Integrated Report.

Response and Reporting

12. In the course of the reporting period, has the company been involved in providing or enabling remedy where it has caused or contributed to the adverse impact associated with the following labour rights issues?

	Yes	No	Choose to not disclose	Not applicable (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

Optional comment

There was no incidence on non-compliance in these labour rights issues. More information can be found pp. 144 -146. of our 2021 MPIC Integrated Report.

13. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the labour rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

MPIC has established internal control measures to ensure compliance with applicable laws and regulations, and related policies of the Company. It also conducts education and communication for employees, including Corporate Governance trainings that cover these issues. To foster Company-wide accountability on sustainability issues, MPIC has an established Environment, Social, and Governance (ESG) KPIs and targets linked to the executives and employees' variable compensation.

Environment

Commitment

1. Does the company have a formal policy on the following environmental topics?

	No, and we have no plans to develop a policy	No, but we plan to in the next two years	Yes, included within a broader policy	Yes, articulated as a stand-alone policy	Not applicable (Please provide additional information)
Climate Action
2019
Water
2019
Oceans
2019
Forests / Biodiversity / Land Use
2019
Air Pollution
2019
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
2019
Energy & Resource Use
2019

1.1. For each environmental policy, is it:

	Aligned with international environmental standards?	Publicly available?	Approved at most senior level of the company?	Applied to the company’s own operations?	Applied to the company’s supply chain and/or other business relationships?	Developed involving environmental expertise from inside and outside the company?	Other (Please provide additional information)
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Prevention

2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following environmental issues?

	No engagement on this topic	To better understand the risks/ impacts in question	To discuss potential ways to prevent or mitigate the risks/ impacts in question	To agree on a way to prevent/ mitigate the risks/ impacts in question	To assess progress in preventing/ mitigating the risks/ impacts in question	To collaborate in the prevention/ mitigation of the risks/ impacts in question	Other (Please provide additional information)
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Optional comment

Details can be found on Our Sustainability Focus Areas and Actions (pp. 73-96) and Positive Community Impact Programs (pp. 147-151) sections of our 2021 MPIC Integrated Report.

3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with these environmental topics?

	Provided internal training/ capacity building for the direct workforce	Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)	Conducting an audit process and/or corrective action plan	Collective Action with peers or other stakeholders to address the issue	Collaboration with governmental or regulatory bodies	Other (Please provide additional information)	No action within reporting period
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Optional comment

In 2021, we expressed our renewed focus on sustainability and commitment to support the country’s sustainable development by launching Gabay Advocacies for a Sustainable Philippines, with pillars on Environment, Livelihood, Community empowerment, Youth& Leadership, Health&Sports, and Education. All our environmental stewardship initiatives are consolidated under the Environment pillar Gabay Kalikasan. We forged several landmark partnerships with stakeholders and implemented programs to boost environmental stewardship and help communities curb the effect of climate change, while creating a meaningful impact to the lives of our fellow Filipinos and contributing to the UN SDGs. Under Maynilad’s Plant for Life Program, MPIC adopted 20 hectares for reforestation in Ipo Watershed, one of the major sources of water supply for Metro Manila. Around 30 Dumagats are engaged in the planting, protection and maintenance of the area, providing them with livelihood and source of income. We also forged partnership with the Laguna Lake Development Authority for the protection of Laguna Lake to ensure stable supply of freshwater for Metro Manila. We signed a Memorandum of Understanding with the ASEAN Centre for Biodiversity to implement programs that will mainstream biodiversity and address biodiversity loss in the ASEAN Region. We also signed a landmark three-year partnership with the Department of Environment and Natural Resources for the establishment of an urban biodiversity park and promotion of urban biodiversity at the community level. We continued to expand our long-running Shore It Up!, our flagship coastal and marine ecosystems conservation program. As of end-2021, we have protected over 5,000 hectares of mangroves, established three mangroves center, assisted 180 families, supported 1,034 scuba divers who conduct underwater clean-ups, mobilized 86,902 volunteers, trained 2,800 junior environmental scouts, and provided livelihood to 10 eco-guides and 36 marine guardians nationwide. More details can be found on pp. 73-96 and of MPIC 2021Integrated Report.

4. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following environmental topics?

	No monitoring of progress	Review issues on ad-hoc basis	Set annual targets/ goals, track progress over time (internal programs only)	Set annual targets/ goals, track progress over time (internal and external programs)	Other (Please provide additional information)
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Optional comment

To foster accountability on ESG concerns, we have ESG KPIs and targets for executives and employees that are linked with our compensation. We will report our progress in the next cycle. We collaborate with international organizations, government agencies, non-government organizations to implement initiatives that will protect biodiversity and natural resources and promote collective environmental responsibility. Details of our efforts are discussed on Sustainability Focus Areas and Actions section (p. 74 onwards) of MPIC's Integrated Report.

4.1. For each environmental topic in which the company sets timebound goals / targets, what kind of targets has the company set?

	Description of targets (e.g., what is the target, absolute vs. intensity, externally verified, on track, etc.)
Climate Action	MPIC, through its power arm, plans to source its 1500 megawatts power need on renewable energy in the next five years. In 2021, it began commercially operations of its 50-MW solar plant in Bulacan.
Energy & Resource Use	Energy reduction is part of MPIC's ESG KPIs and Targets.
Water	MPIC, through its water arm, seeks to provide water and wastewater services to all its concession area by 2037. Since 2007, it has been working to expand service coverage year after year, incrementally adding new pipelines to its distribution network and making new water service connections possible. It has also replaced as much as 110.4 kilometers of decrepit pipelines to reduce non-revenue water. Increasing the water supply through efficiency initiatives and finding new water sources is vital to making safe and clean water more widely available. It continuously looks to develop alternative water sources to augment its current water supply and reduce its reliance on the Umiray-Angat-Ipo system and Laguna Lake.
Forests / Biodiversity / Land Use	Rehabilitation and protection of biodiversity and forest are part of MPIC's ESG KPIs and Targets. In 2021, MPIC adopted 20 hectares at the Ipo Watershed, a critical source of water supply for Metro Manila. It has also forged partnership with the ASEAN Centre for Biodiversity to address biodiversity loss in the ASEAN Region. MPIC is also recognized as the first private sector of the country's environmental agency for the implementation of a three-year urban biodiversity program.
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)	Reduction of waste is part of MPIC's ESG KPIs and Targets. It has partnered with a waste recycling company called BEST to recycle its waste as well as promote waste management in its partner communities. Proceeds from the recycled waste will be used to provide grocery items to vulnerable communities.
Oceans	MPIC, through its MPI Foundation, has been promoting the preservation of coastal and marine ecosystems for more than a decade now. It continuously expands its partnership with local government units across the country to implement Shore It Up Program. There are 11 partner LGUs that benefit from the SIU program through capacity-building and livelihood opportunities for the local communities.

4.2. For each environmental topic in which the company sets timebound goals / targets, how is progress against target / goal tracked?

	Progress is reviewed against goals annually or more frequently	Progress is reported internally to the most senior level	Progress is reported externally	Other (Please provide additional information)
Climate Action
Energy & Resource Use
Water
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Oceans

5. In the course of the reporting period, has the company been involved in providing or enabling remedy for any actual impacts associated with the following environmental issue(s)?

	Yes	No	Choose to not disclose	Not applicable (Please provide additional information)
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Climate Action

6. What were the company’s gross global greenhouse gas emissions for the reporting period?

Scope 1 Emissions

Full

None

Emissions (tCO2e)

Scope 2 Emissions

Full

None

Emissions (tCO2e)

Scope 3 Emissions

Full

Partial

None

Emissions (tCO2e)

100

Optional comment

Breakdown of Scope 1, 2, and 3 emissions of MPICs' operating companies can be found p. 136 of 2021 MPIC Integrated Report.

7. What percentage of the company's revenue was invested in R&D of low-carbon products/services during this reporting period?

Percent of revenue (%)

Unknown

Not applicable (Please provide additional information)

Optional comment

MPIC infused about 4% of its 2021 revenue to Met Power, its waste management business portfolio. MetPower has an agreement with Dole Philippines to design, construct, and operate biogas facilities. The project involves establishing an integrated waste-to-energy facilities to address waste disposal concerns and use the derived biogas from the processing of fruit waste to augment power requirements of the canneries of Dole.

8. Has the organization acted to support climate change adaptation and resilience?

We have taken action to increase organization-wide resilience to climate change

We have taken action to increase resilience in our supply chains

We have taken action to increase resilience in the communities in which we operate

We have provided funding for climate change adaptation and resilience initiatives and projects

We have not taken actions to build climate change resilience in the reporting period

Other (Please provide additional information)

Unknown

Energy / Resource Use

9. Please report the company's renewable energy consumption as a percentage of total energy consumption in the reporting period.

% of total energy consumption

Unknown

Optional comment

Renewable fuel consumption of MPIC's operating companies can be found on p. 140 of 2021 MPIC Integrated Report.

Technology

10. What percent of the company's revenue came from environmentally friendly products / services during this reporting period?

Percent of total revenue (%)

The biogas power generation and fuel conversion project of MetPower, MPIC's wholly owned subsidiary, has been qualified as a model project under the Joint Credit Mechanism, which is funded by Japan's Ministry of Environment. As of end-2021, MetPower has received a total of Php 152 million grant which will be recognized as income upon the start of commercial operations of the project.

Unknown

Not applicable (Please provide additional information)

Sector-specific: Water

12. Please provide details regarding the company's water withdrawal and consumption (own operations) during the reporting period.

Water withdrawal (volume of water in megaliters):

	Mega-liters	Unknown	Not applicable (Please provide additional information)
Total
MPIC only leases an office space at a building. It doesn't directly withdraw water from natural sources. There is a third-party water provider for the facility.
Groundwater:
MPIC only leases an office space at a building. It doesn't directly withdraw water from natural sources. There is a third-party water provider for the facility.
Surface water:
MPIC only leases an office space at a building. It doesn't directly withdraw water from natural sources. There is a third-party water provider for the facility.
Rainwater:
MPIC only leases an office space at a building. The building/facility doesn't have rainwater catchment system. There is a third-party water provider for the facility.
Wastewater:
MPIC only leases an office space at a building. The building/facility doesn't source water from wastewater. There is a third-party water provider for the facility.
Percentage of water withdrawn in regions with high or extremely high water stress (%)
MPIC only leases an office space at a building. It doesn't directly withdraw water from natural sources.

Water consumption (volume of water in megaliters):

	Mega-liters	Unknown	Not applicable (Please provide additional information)
Total
MPIC only leases an office space at a building. There is a third-party water provider for the facility.
Groundwater:
MPIC only leases an office space at a building. There is a third-party water provider for the facility.
Surface water:
MPIC only leases an office space at a building. There is a third-party water provider for the facility.
Rainwater:
Wastewater:
MPIC only leases an office space at a building. The building/facility doesn't consume water from wastewater. There is a third-party water provider for the facility.
Percentage of water consumed in regions with high or extremely high water stress (%)
MPIC only leases an office space at a building. It doesn't directly withdraw water from natural sources. There is a third-party water provider for the facility.

13. Please provide details about the company’s water intensity of products in regions with high or extremely high water stress.

Water intensity of products (cubic meter/$):

Unknown

Not applicable (Please provide additional information)

MPIC, as a holding company, does not produce products.

Sector-specific: Air pollution

17. Where applicable, please report the company's emissions of the following pollutants during the reporting period.

	Emissions (tCO2e)	Unknown	Not applicable (Please provide additional information)
NOx
As a holding company with 50 employees, its office operations do not contribute to NOx.
SOx
As a holding company with 50 employees that only leases an office space, its office operations do not contribute to SOx.
Volatile Organic Compounds (VOC)
As a holding company with 50 employees that only leases an office space, its office operations do not release SOx.
Hazardous air pollutants (HAP)
As a holding company with 50 employees that only leases an office space, its office operations do not contribute HAP.
Particulate matter (PM10)
Persistent organic pollutants (POP)
As a holding company with 50 employees that only leases an office space, its office operations do not contribute PM10.
Other (please specify in text box)

Sector-specific: Waste

18. Please report the company's total weight of waste generated in metric tonnes during the reporting period.

Waste Generated (t)

0.6

Unknown

Not applicable (Please provide additional information)

Optional comment

Breakdown of waste generation and disposal of MPIC's operating companies can be found on p. 138-139 of 2021 MPIC Integrated Report.

19. Please report the percentage of the company's waste that was hazardous waste (i.e., hazardous waste ratio) during the reporting period.

Hazardous Waste Ratio (%)

Unknown

Not applicable (Please provide additional information)

Optional comment

Breakdown of waste generation and disposal of MPIC's operating companies can be found on p. 138-139 of 2021 MPIC Integrated Report.

20. Please report the company's estimated metric tonnes of single-use plastic consumed wherever material along the value chain during the reporting period.

Single-use plastics (tonnes)

Unknown

Not applicable (Please provide additional information)

Optional comment

There was no breakdown of the Company's consumption of single-use plastics out of the total non-hazardous waste generated. This has already been addressed. Waste management has been added as part of the executives and employees' ESG KPIs and Targets for Year 2022.

Overall Environment

21. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the environment principles, including any challenges faced and actions taken towards prevention and/or remediation.

Operating in one of the megadiverse countries in the world, MPIC recognizes its responsibility to advocate for the protection of our country’s rich natural resources and use our huge influence in the business sector to encourage more companies to also take bold actions to protect, restore, and sustainably manage our ecosystems. MPIC has forged several landmark partnerships with stakeholders and implemented programs to boost environmental stewardship and help communities curb the effect of climate change, while creating a meaningful impact to the lives of our fellow Filipinos and contributing to the UN SDGs. MPIC adopted 20 hectares for reforestation in Ipo Watershed and engaged around 30 Dumagat partners in the planting, protection and maintenance of the area, providing them with livelihood and source of income. We also forged partnership with the Laguna Lake Development Authority for the protection of Laguna Lake. Ipo Watershed and Laguna Lake are the major sources of water for Metro Manila. Collaborating with stakeholders to protect the watersheds and other water sources has always been a priority for MPIC. MPIC also signed a Memorandum of Understanding with the ASEAN Centre for Biodiversity to implement programs that will mainstream biodiversity and address biodiversity loss in the ASEAN Region. MPIC also entered into a landmark three-year partnership with the Department of Environment and Natural Resources for the establishment of an urban biodiversity park and promotion of urban biodiversity at the community level. We continued to expand our long-running Shore It Up!, our flagship coastal and marine ecosystems conservation program. As of end-2021, we have protected over 5,000 hectares of mangroves, established three mangroves center, assisted 180 families, supported 1,034 scuba divers who conduct underwater clean-ups, mobilized 86,902 volunteers, trained 2,800 junior environmental scouts, and provided livelihood to 10 eco-guides and 36 marine guardians nationwide. More details can be found on pp. 73-96 of 2021 MPIC Integrated Report.

Anti-corruption

Commitment

1. Does the company have an anti-corruption compliance programme?

No, it is not an immediate business priority

No, but we plan to in the next two years

Yes

2021

Optional comment

Aside from established control measures aimed at ensuring compliance, MPIC conducts anti-corruption education, communication, and training. MPIC employees undergo annual refresher course on Corporate Governance, which includes anti-corruption while its Top Management and Board of Directors are required to attend the Annual Corporate Governance and Enhancement Session (ACGES).

2. Does your company have policies and recommendations for employees on how to act in case of doubt and/or in situations that may represent a conflict of interest, e.g. with regard to gifts and hospitality, donations, sponsorship, or interactions with public officials?

No, and we have no plans to develop a policy

No, but we plan to in the next two years

Yes, included within a broader policy

Yes, articulated as a stand-alone policy

Optional comment

We have an approved stand-alone Conflict of Interest Policy and Policy on Gifts Entertainments and Sponsored-Travel , publicly available on our website.

Prevention

3. Who receives training on anti-corruption and integrity?

Optional comment

We also have an established Supplier Code of Conduct, which lays down the principles that all suppliers should adhere to.

3.1. How often is such training provided?

	One time only	Every year	Every two or more years	We do not collect this data
All employees
Select employees
Contractors
Direct suppliers of the organization
Other – such as partners, clients, etc.
Indirect suppliers of the organization

Optional comment

We conduct an annual refresher course on Corporate Governance, which includes anti-corruption as a topic. The Top Management Team and Board of Directors are also required to attend the Annual Corporate Governance Enhancement Session, which covers various corporate governance topics.

4. Does the company monitor its anti-corruption compliance programme?

No, we do not monitor the anti-corruption compliance programme

Review issues on ad-hoc basis

Yes, through internal employee self-evaluations

Yes, through automated controls monitoring

Yes, through external independent monitoring

Yes, through other mechanisms

Response and Reporting

5. Please report the company's total number and nature of incidents of corruption during the reporting year.

	Number of incident(s)	Unknown	Choose to not disclose
Confirmed during the current year, but related to previous years	0
There has not been any incident of corruption recorded since MPIC's incorporation.
Confirmed during the current year, and related to this year	0
There has not been any incident of corruption recorded since MPIC's incorporation.

6. Within the reporting period, what measures has the company taken to address suspected incidents of corruption independently or in response to a dispute or investigation by a government regulator?

Initial case assessment

Internal investigation

Review by risk / ethics committee

Review by board of directors

External audit / review

Other (please provide additional information)

Not applicable/no incidents in the reporting period

Optional comment

There has not been any incident of corruption recorded since MPIC's incorporation.

7. Does your company engage in Collective Action against corruption?

No, it is not an immediate business priority

No, but we plan to in the next two years

Yes (please explain)

We invest in and manage companies that provide essential services and are regulated by the government to one extent or another. As such, we operate under intense government and public scrutiny. We keep an open two-way dialogue with shareholders. We inform everyone, including minority shareholders, of any development or change in our strategy. We regularly conduct meetings to aggregate their concerns and bring them up to senior management and our Board when necessary. We build a culture of good governance in MPIC and provide education, communication and training to all our employees and Board of Directors.

8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the anti-corruption principle, including any challenges faced and actions taken towards prevention and/or remediation.

MPIC has conducted a benchmark and adopted leading practices in good governance. We affirm full compliance with all applicable laws and regulations. We conduct an annual corporate governance refresher course, which includes anti-corruption, for our employees. Our Board of Directors and Top Management Team also undergo an annual corporate governance enhancement session, covering various corporate governance topics.