
Regulations on sustainability reporting in the Philippines is underdeveloped. The Philippines Stock Exchange (PSE), based on its latest disclosure regulations, does not require sustainability reporting among its members and the Securities and Exchange Commission (SEC) only implemented its reporting standard starting with the 2020 annual report, on a "comply or explain" basis for the initial 3 years.
Even though the SEC template appears to adequately require disclosures on relevant quantitative (including financial deployments, employee statistics, resource consumption, emissions and waste management, among others) and qualitative information, the quality of the information being reported could still be too incongruous to assess companies' sustainability initiatives holistically and meaningfully, because implementation is on a "comply or explain" basis. Download Report
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