144-6 Sustainability Reporting Guidelines for Publicly Listed Companies

Summary

To further increase awareness among Philippine PLCs on sustainability reporting, the SEC is releasing this Guidelines on Sustainability Reporting. This Guidelines is crafted with the following objectives: Make sustainability reporting relevant and value adding for Philippine PLCs, Help PLCs to identify, evaluate and manage their material Economic, Environmental and Social (EES) risks and opportunities, Help PLCs to assess and improve their non-financial performance across EES aspects of their organization to optimize business operations, improve competitiveness, and long-term success. Provide a mechanism that would allow PLCs to communicate with its stakeholders, including investors or its potential investors.

Thumbnail image for To further increase awareness among Philippine PLCs on sustainability reporting, the SEC is releasing this Guidelines on Sustainability Reporting. This Guidelines is crafted with the following objectives: Make sustainability reporting relevant and value adding for Philippine PLCs, Help PLCs to identify, evaluate and manage their material Economic, Environmental and Social (EES) risks and opportunities, Help PLCs to assess and improve their non-financial performance across EES aspects of their organization to optimize business operations, improve competitiveness, and long-term success. Provide a mechanism that would allow PLCs to communicate with its stakeholders, including investors or its potential investors.

Issuer

Philippines

Year

2019

Region

Asia

Issuer (type)

Securities and Exchange Commission (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary

Global Reporting Initiative (GRI)

Other

Main industries targeted

Finance & Insurance
Retail trade
Professional, Scientific, & Technical Services
Manufacturing

Restrictiveness

Very Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 3: Good Health and Well-being
SDG 4: Quality Education
SDG 6: Clean Water and Sanitation
SDG 7: Affordable and Clean Energy
SDG 8: Decent Work and Economic Growth
SDG 10: Reduced Inequality
SDG 12: Responsible Consumption and Production
SDG 13: Climate Action
SDG 14: Life Below Water
SDG 15: Life on Land
SDG 16: Peace, Justice, and Strong Institutions