SEC to streamline sustainability reporting standards
Inquirer.net MANILA -The Securities and Exchange Commission (SEC) is coming up with new guidelines to streamline sustainability measures reported by publicly listed companies.
The corporate regulator said in a statement it aimed to soon release the revised guidelines, which would also consider global sustainability standards such as IFRS S1 (general requirements for disclosure of sustainability-related financial information) and IFRS S2 (climate-related disclosures).
These standards serve as an effective and proportionate global framework of investor-focused disclosures on sustainability and climate-related risks and opportunities. The International Organization of Securities Commissions also endorsed the said standards earlier this year, the statement showed.
