Maynilad gets first PH Green Equity label ahead of IPO

Maynilad Water Services, Inc. has obtained the first-ever Philippine Green Equity label from the Securities and Exchange Commission (SEC), a significant achievement preceding its planned initial public offering.

The SEC's Markets and Securities Regulation Department confirmed Maynilad's compliance with the requirements for the Philippine Green Equity label.

An external review indicated that Maynilad generates 100% of its revenue from green activities, including water supply, wastewater treatment, and sanitation.

Furthermore, 95% of Maynilad's capital spending and 87% of its operating expenses are aligned with green initiatives, with no revenue derived from fossil fuels.

The SEC has granted Maynilad a one-year period to ensure its operations are in line with either the Philippine Sustainable Finance Taxonomy Guidelines or the ASEAN Taxonomy for Sustainable Finance.

The SEC introduced these green equity guidelines on September 23 through SEC Memorandum Circular No. 13, Series of 2025, marking a pioneering effort in Southeast Asia.