Manila Water continuously adheres to the integrated reporting standards as a means of aligning the Company with the external environment. This Integrated Report presents the Company’s 2017 performance of the operating business units and a thorough account of its strategy and governance. Information in this report has been reviewed by Senior Management before publication.


Specific statements and illustrations contained in this report may constitute “forward-looking statements” within the meaning of applicable securities laws and regulations. These statements (including as to plans, objectives, projections, and estimates) and illustrations include information that does not relate solely to historical or current facts, and can be identified by the use of words such as “may,” “believe,” “expect,” “anticipate,” “assume,” “estimate,” “plan” or “continue,” and similar expressions or by future or conditional verbs such as “should,” “would,” and “could.“

Such statements are based on current expectations of future events, estimates, and certain assumptions of the management. These are therefore subject to certain risk factors and uncertainties, some of which are beyond the Company’s control, and which could cause the actual results, the financial situation, the development or the performance to differ materially from the estimates or the performance implied in these forward-looking statements. Manila Water does not assume any obligation to update these forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting such statements.


This report covers all financial information and the Economic, Social, and Governance performance of all Manila Water operating subsidiaries, namely, the Manila Concession (East Zone) of the Metropolitan Waterworks and Sewerage System (MWSS), Manila Water Philippine Ventures (MWPV), Manila Water Asia Pacific (MWAP), and Manila Water Total Solutions (MWTS).

This report is aligned with the Integrated Report Guidelines by the International Integrated Reporting Council (IIRC). This report has been prepared in accordance with the GRI Standards: Core option. The information contained in this report covers the period from January to December 2017.


SGV & Co. is the external auditor of Manila Water’s financial statements, with Dhonabee B. Señeres as the lead engagement partner of the Company. More information about the audit process is found on page 80, while the financial statements can be found on pages 112 to 213.


Senior Management has engaged DNV GL, an independent organization and a global provider of certification, assurance assessment, and training services, to provide independent assurance for this report. This is the second time that Manila Water has contracted the assurance services of DNV GL. The scope of the assurance covers the sustainability performance and Framework of this report. The independent assurance statement by DNV GL can be found on pages 108 to 111.


The Company welcomes inquiries and feedback on this report. Please e-mail invrel@manilawater.com and sustainability@manilawater.com.