Environmental, Social, and Governance (ESG) Reporting for Publicly Listed Enterprises in the Philippines
Sustainability and environmental factors play a significant role in today’s business landscape. In recent years, the Philippines has established laws and regulations to boost the country’s environmental and sustainability practices.
Foreign and local enterprises who wish to establish a business in the Philippines, and plan to publicly enlist their company, must comply with Environmental, Social, and Governance regulations set by the Security and Exchange Commission (SEC).
What We Offer
Our large pool of experienced business consultants is equipped with industry-grade tools and up-to-date information on rules, laws, and regulations provided by the SEC. We ensure that your company is fully compliant and will assist you in achieving an easy reporting process on your business’ ESG performance.
Our Business Consultancy Services include:
Our full suite of business registration and corporate compliance services allows us to cater to various business entity types and requirements to fit your business needs.
Having a solid connection within the industry, we can assist you with securing legal and regulatory needs for environmental, social, and governance reporting when setting up your business in the Philippines.
Having a solid connection within the industry, we can assist you with securing legal and regulatory needs for environmental, social, and governance reporting when setting up your business in the Philippines.
Our confidence in our industry-wide contacts and established business partners can help us ensure that your company is fully compliant with relevant corporate laws and regulations existing in the Philippines.
What is ESG Reporting?
ESG reporting refers to the non-fiscal performance of publicly-listed enterprises towards environmental, social, and governance factors in the Philippines. This allows companies to provide transparency on efforts to achieve a sustainable and eco-friendly business environment and operations in the country.
In February 2019, SEC released Memorandum Circular No. 04 requiring publicly-listed companies in the Philippines to assess, manage, and submit a report on the performance of environmental, social, and governance aspects of their organization.
Along with the regular annual reporting, SEC requires enterprises, on a “comply and explain” basis, to attach sustainability reports starting 2020. This aligns with the agency’s efforts to help businesses assess and manage economic, environmental, and social impacts on their respective industries.
Secure Your ESG Reporting Needs with Ease
Being an environmentally and socially responsible enterprise is a growing trend in the business landscape, both locally and globally. With efforts provided by the public and private sectors, businesses in the Philippines can open doors to greener and sustainable opportunities.
With a full suite of corporate solutions, we can assist you with securing full compliance with ESG reporting and other sustainability endeavors to help you achieve a more sustainable business operation.
What is ESG?
ESG stands for environmental, social, and governance factors. This generally refers to the contributions of an enterprise towards environmental, social, and economic factors within a region or country.
Who is required to comply with ESG in the Philippines?
According to SEC Memorandum Circular No. 04, publicly-listed companies must submit an assessment report on their contributions toward ESG factors in the country.
Why is ESG reporting important?
Complying with ESG reporting allows SEC and other government-run agencies to assess the collective impact of enterprises in the Philippines on environmental, social, and governance issues. Doing so also provides transparency between your company and your clients.
Secure ESG Requirements and Reporting for Your Business
Our team is fully equipped with experienced and capable business consultants dedicated to ensuring that your company is fully compliant with relevant corporate regulations in the Philippines.