Philippines Sustainability Reporting Guidelines

ENFORCEMENT TIMELINE

Enacted 2019 (amended 2023)

Enforcement: Enacted 2019 (amended 2023)

Overview

These are guidelines issued by the Securities and Exchange Commission of the Philippines (SEC Philippines) for listed companies. They require annual disclosure of ESG data relating to environmental and social responsibility and climate-related risks.

Enforcement Timeline

2019: Guidelines took effect (initially on a comply-or-explain basis).

2023: Update to reporting items and scope of obligations.

Business Impact

- Establishing ESG data systems

- Disclosure for investors

- Explanation of climate-related risks

- Strengthening governance