{"id":71482,"date":"2025-09-24T07:18:28","date_gmt":"2025-09-23T23:18:28","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=71482"},"modified":"2025-09-03T20:20:45","modified_gmt":"2025-09-03T12:20:45","slug":"sp-global-rates-maynilad-medium-green-in-climate-transition-assessment","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2025\/09\/24\/sp-global-rates-maynilad-medium-green-in-climate-transition-assessment\/","title":{"rendered":"S&#038;P Global rates Maynilad \u2018medium green\u2019 in Climate Transition Assessment"},"content":{"rendered":"<p><strong>West Zone concessionaire Maynilad Water Services, Inc. (\u201cMaynilad\u201d or the \u201cCompany\u201d), announced that S&amp;P Global Ratings has issued a Climate Transition Assessment (\u201cCTA\u201d) on the Company, assessing it a \u201cmedium green\u201d rating.<\/strong><\/p>\n<p>S&amp;P Global Ratings is a leading provider of independent credit and sustainability evaluations. Its CTA provides a qualitative opinion on how prepared a company is for the transition to a lower-carbon economy, considering governance, strategy, risk management and climate-related targets.<\/p>\n<p>S&amp;P noted that all of Maynilad\u2019s revenues come from activities it classifies as environmentally sustainable under its CTA framework. The assessment also confirmed Maynilad\u2019s alignment with international sustainability standards, including the International Finance Corporation\u2019s (\u201cIFC\u201d) guidance for blue finance and the World Federation of Exchanges\u2019 (\u201cWFE\u201d) Green Equity Principles.<\/p>\n<p>According to S&amp;P, Maynilad\u2019s \u201cmedium green\u201d rating reflects service improvement initiatives such as non-revenue water reduction, potable water reuse through its NEW WATER project, watershed restoration and infrastructure upgrades. These projects support the Company\u2019s role in providing essential water and wastewater services to over 10 million people in the West Zone concession.<\/p>\n<p>The report further observed that \u201cMaynilad\u2019s carbon neutrality goal is ambitious in the context of the Philippines, which currently lacks a country-wide net zero commitment.\u201d<\/p>\n<p>\u201cThis independent assessment provides a transparent benchmark of our climate transition efforts,\u201d said Maynilad Chief Sustainability Officer, Atty. Roel S. Espiritu. \u201cIt highlights both our progress and the areas where we can continue to strengthen.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&#038;P noted that all of Maynilad\u2019s revenues come from activities it classifies as environmentally sustainable under its CTA framework.<\/p>\n","protected":false},"author":6,"featured_media":71483,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5614,5972],"class_list":["post-71482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-maynilad","tag-sustainability"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/71482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=71482"}],"version-history":[{"count":1,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/71482\/revisions"}],"predecessor-version":[{"id":71484,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/71482\/revisions\/71484"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/71483"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=71482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=71482"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=71482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}