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.
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.
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.
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.
is a once a month commission meeting which discuss the commission’s sustainability initiatives and projects.
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.
FIRST SUSTAINABILITY WEEK
The SEC Sustainability Committee successfully held the Commission’s first Sustainability Week on 17-21 April 2023 with the theme “SustainaALL: 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”.