THE Securities and Exchange Commission (SEC) is looking into making mandatory some parts of sustainability reports, requiring sustainability reporting for public and small companies while rewarding their good methods.
SEC Director for Corporate Governance and Finance Department Rachel Esther J. Gumtang-Remalante said that the regulator is considering guidelines on mandatory items that it wants to be disclosed in a sustainability report.
Meanwhile, Ms. Gumtang-Remalante said that the SEC is also looking into requiring sustainability reporting for public companies as well as small enterprises. According to Ms. Gumtang-Remalante, although there is a push for the inclusion of small companies, the SEC would need to ensure capacity-building for MSMEs to help them in reporting.
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