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Megaworld, founded in 1989 and headquartered in Taguig, Philippines, is a leading real estate company listed on the Philippine Stock Exchange Composite Index. The company specialises in developing large-scale, mixed-use planned communities, including high-end residential condominiums and commercial properties in Metropolitan Manila. In 2022, Megaworld operated 1.89 million square metres of leasable space in the region.
Summary
Megaworld discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company reports consistently against all its sustainability targets, demonstrating a good level of transparency. It is also building resilient employment by providing its employees with access to upskilling programmes.
However, Megaworld’s sustainability reporting reveals several key gaps that suggest a need for greater transparency and structured governance in its sustainability efforts. To begin with, it should designate the responsibility for implementing its sustainability strategy to specific teams or committees and guarantee strategy oversight from the highest governance body. The company should also disclose its process for engaging with stakeholders beyond its materiality assessment, and it should make its lobbying and political engagement approach publicly available.
The company also has the opportunity to strengthen its personal data protection efforts. Its commitment to data privacy and global privacy statement can be clearer in confirming coverage for all stakeholders, including employees and customers. Expanding these assurances will help the company improve its commitment to transparency and protection.
Ranking position
#143
/300
Total score
10.5
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
4.2
/100
Rank (0-300)
#153
Measurement area
Inclusive Cities
Score
# 1
25.0
/100
Rank (0-300)
#85
Measurement area
Healthy Cities
Score
# 1
11.1
/100
Rank (0-300)
#71
Measurement area
Climate Proof & Resilient Cities
Score
# 1
6.7
/100
Rank (0-300)
#125
Measurement area
Core Social Indicators
Score
# 1
5.6
/100
Rank (0-300)
#160
Industries
Industries
Real estate
#54
More about the company
Headquarters
Philippines
Ownership structure
Public
Revenue
USD 1,093 billion (2022)
Number of employees
5898 (2022)
Website
https://www.megaworldcorp.com
63716
