SEC Sustainability

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SEC RECEIVES TOP HONORS FROM UNITED NATIONS ANEW FOR SUSTAINABILITY REPORTING INITIATIVES

The Securities and Exchange Commission (SEC) has received another recognition from the United Nations Conference on Trade and Development (UNCTAD) for promoting sustainability and sustainable development goals (SDG) reporting in the Philippines.

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SEC LAUDED AS SUSTAINABILITY CHAMPION IN ASIA CEO AWARDS

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SEC GOOD GOVERNANCE, SUSTAINABILITY INITIATIVES GAIN PRAISE ON GLOBAL STAGE

For the third consecutive year, the Securities and Exchange Commission (SEC) received the Global Good Governance (3G) awards for upholding good corporate governance practices and pushing for sustainability.

SEC good governance, sustainability initiatives gain praise on global stage

SEC lauded as sustainability champion in Asia CEO Awards

The Securities and Exchange Commission (SEC) has once again been recognized for championing sustainability, as it continues to promote sustainable practices toward achieving long- term growth in the corporate sector.

PRESS RELEASE

SEC LAUDED AS SUSTAINABILITY CHAMPION IN ASIA CEO AWARDS FINAL

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PRESS RELEASE

SEC CHAMPIONS SUSTAINABILITY REPORTING INITIATIVES AT WORLD INVESTMENT FORUM IN ABU DHABI

The Securities and Exchange Commission (SEC) renewed calls for greater cooperation among various stakeholders to accelerate efforts in mainstreaming sustainable finance, strengthen sustainability reporting, and

enable capital markets to…

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SUSTAINABILITY POLICY STATEMENT

The Securities and Exchange Commission (SEC) Philippines, the prudent registrar and supervisor of the corporate sector, and the independent guardian of the capital market, fully advocates sustainability in all aspects of its functions. Sustainability, defined as a “development that meets the needs of the present without compromising the needs of future generations,” poses risks and opportunities for all, hence, the need for the Commission to promote initiatives to manage anticipated risks and seize opportunities that could affect the corporate sector, as well as the capital market.

2023 ACHIEVEMENTS

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-01

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-02

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-03

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-04

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-05

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-06

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-07

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-08

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-09

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-10

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-11

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-12

Sustainability Initiatives from the SEC Reports 2020-2023 (Q1)-13

UNICEF Baseline Study Recognizes Integration of Children’s Rights in PLCs Disclosures

The Securities and Exchange Commission (SEC) Philippines continues to advance its commitment to promoting responsible and sustainable business practices. Since 2019, the SEC has required all publicly listed companies (PLCs) to submit annual Sustainability Reports alongside their Annual Reports.

In support of the Commission’s efforts, the United Nations Children’s Fund (UNICEF), commissioned a baseline study assessing the extent to which children’s rights are reflected in the sustainability disclosures of PLCs. The study reviewed 86 publicly available 2023 sustainability reports, representing around 30% of total submissions. It aims to establish baseline evidence on child rights-related disclosures, and forms part of UNICEF Philippines’ broader advocacy to integrate children’s rights into national policies, legislation, and mechanisms on responsible business conduct.

The SEC welcomes the findings of the study and reaffirms its support for mainstreaming children’s rights in sustainability reporting. The Commission remains committed to working with partners in promoting inclusive and rights-based approaches to ESG and corporate governance practices in the Philippines.

You may also access the full report at: UNICEF.ORG

Additional Resources:

Executive Summary

Baseline Study: Investing in the Future (English)

GREEN BANC

is a once a month commission meeting which discuss the commission’s sustainability initiatives and projects.

SECOND SUSTAINABILITY WEEK

The SEC’s 2nd Sustainability Week, held from 15-19 July 2024 highlighting “The eSECnature Launch.” This year’s activities marked the beginning of long-term initiatives aimed at fostering sustainable practices and inspiring active participation in environmental awareness within the SEC and beyond.

Following last year’s momentum, SEC departments once again collaborated to drive forward the Commission’s commitment to sustainability, creating a lasting impact on the workplace and setting the tone for future eco-conscious endeavors.

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SEC DIGITALIZATION (MC 18, s. 2023)

This memorandum circular was issued to advocate sustainability in the commission and adhere to the principles of sustainability with protection of the economy, society and environment.

The commission implemented electronic filing and monitoring system to adopt a zero-contact policy and automate business-related transactions as part of its sustainable practices by less paper and reducing energy consumption in accordance with the Philippine Development Plan 2023-2028 digitalization and digital transformation of the government.

SEC GREEN PUBLIC PROCUREMENT

The SEC Green Public Public Procurement is an initiative of the commission pursuant to the Government Procurement Policy Board (GPPB) issued a Resolution 15-2013 which supports the implementation of Sustainable Public Procurement in Government acquisition system.

Its Technical Support Office (GPPB-TSO) issued in 2017 the Philippine Green Public Procurement Roadmap which focuses on reducing environmental impacts of procured goods, services and works.

This initiative ensures that the commission will help in reducing the environmental impacts of procured goods, services and works.

FIRST SUSTAINABILITY WEEK

The SEC Sustainability Committee successfully held the Commission’s first Sustainability Week on 17-21 April 2023 with the theme “Sustaina-ALL: Accelerating the Leap to Sustainable Living”.

All departments in the SEC actively took part in the roster of activities, which marked the start of everyone’s awareness and commitment to “walk the talk” as advocates of sustainability and the “Environmental Movement for Innovative Living”.