Raymond Ravelo is the chief sustainability officer at Meralco. He recently discussed the decision of his firm to resort to environmentally friendly projects and solutions.
Ravelo cited that Meralco’s latest initiatives are components of their new efforts. They want to construct what they refer to as the Meralco Smart and Sustainable City, he said.
Philippine daily newspaper The Philippine Star reported that the Philippine power distributor has set up the “Powering the Good Life” project.
In this program, the company has five priority points. They are resource efficiency, workplace excellence, and waste management.
Community electrification and direct emissions reduction are also parts of the project’s priority areas.
With this new scheme, the power distributor started prohibiting plastic products that are single-use in nature on October 1, 2019.
The implementation of this waste management move is across its subsidiaries. Plus, it affects all of the power firm’s corporate events, premises, and activities.
Meralco aims to save the environment of the Philippines. Thus, beginning November 1 last year, the ban also became applicable to the subsidiaries of the power distributor.
Among them are eSakay Incorporated, MSpectrum Incorporated, CIS Bayad Center Incorporated, and Meralco Powergen Corporation.
Radius Telecoms Incorporated, MRAIL Incorporated, Meralco Industrial Engineering Services Corporation, and Meralco Energy Incorporated are also on this list.
Aside from this program, the firm launched the installation of solar photovoltaic systems on its facilities located in Ortigas.
This project also affects the power company’s business center and sector bureaus. Greenifying the Lopez building is another eco-friendly program of the power distributor.
This initiative involves the replacement of lights with new LED units. Ravelo added that by the end of 2020, his company would also have improved the air-conditioning systems.
He said that the power distributor would change them into inverter versions.
Besides, the power distribution firm relayed that it is assessing its whole vehicle fleet. They are figuring out which units they could electrify.
This plan begins with eMotorcycles for the company’s business centers. It will subsequently transition to all of the service modes of transportation of the group.
For its operations and enterprise strategy, Meralco has begun to make sustainability as its primary target.
By charting its eco-friendly journey, the largest power generator of the Philippines has also recently formed the sustainability office.
On Friday, February 28, 2020, Manila Electric Company (PSE: MER) closed at P269.80 per share.
This last trade price of the shares of Meralco is up by P9.80 or 3.77 percent. Furthermore, the total turnover value reached P106,496,834.00.
The Philippine Stock Exchange recorded the 52-week high of the company at P391.00. Meanwhile, its 52-week low is at P255.20.
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