Mandatory Sustainability Reporting in the Philippines: What PLCs and LNLs Need to Prepare For
On December 22, 2025, the Securities and Exchange Commission (SEC) issued the guidelines for Memorandum Circular No. 16, series of 2025, formally adopting the Philippine Financial Reporting Standards (PFRS) S1 and S2. These standards align with the International Sustainability Standards Board (ISSB) global framework for sustainability disclosures. With this adoption, sustainability reporting is no longer […]