Meralco launches supplier scorecard

The Manila Electric Company has taken its commitment to embed sustainability in its operations to a higher level by adopting a sustainability scorecard covering the Company’s entire value chain.

The Meralco Supplier Sustainability Scorecard was established as a tool to assess suppliers and contractors on critical environmental, social and governance criteria while using the United Nations’ Sustainable Development Goals and the Global Reporting Initiative Standards as guiding principles.

MS3 provides Meralco a comprehensive view of its business partners’ ESG performance and is now incorporated into the Company’s vendor accreditation process.

Through this program, Meralco is better positioned to heighten and operationalize its sustainability agenda — called Powering the Good Life — by ensuring a sustainable supply chain.

Through its Supply Chain Management office, Meralco maintains a network of active suppliers and contractors integral to the Company’s ability to deliver high-quality and reliable electric service to its customers. SCM has so far implemented MS3 to its top suppliers, which account for 95 percent of the Company’s spend. The program will eventually cover all of Meralco’s active suppliers as the Company strives to ingrain sustainability excellence throughout its supply chain.

Beyond driving compliance to ESG standards, MS3 serves as a platform for the Company to engage with its suppliers by understanding the challenges they face in becoming more sustainable and aiding them in building their sustainability strategies and programs.

“With the implementation of MS3, Meralco is making headway in increasing awareness of the importance of sustainability among our external stakeholders. Working with different suppliers, we at SCM are in a distinctive position to influence and inspire other companies to embed sustainability in their operations. Sustainable development is a collective effort. Meralco cannot do it alone, and we are truly embracing our role as an enabler in this greater push for sustainability,” said Maria Luisa V. Alvendia, Meralco chief of staff to the president and CEO and supply chain advisor.

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