Makati City, Philippines — May 6, 2026 — ECCI successfully concluded its highly anticipated educational webinar, “Tick-Tock: The SEC Compliance Clock is Running,” drawing nearly 100 corporate professionals from various industries. The one-hour session provided a comprehensive business guide to the Philippine Financial Reporting Standards (PFRS) S1 and S2 for Publicly Listed Companies (PLCs) across Tiers 1 to 3 and Large Non-Listed (LNL) entities.
The webinar was led by Karthik Subburaman, Regional Director of ECCI, whose practical and straightforward delivery earned widespread praise from attendees. Subburaman guided participants through the sweeping changes introduced by SEC Memorandum Circular No. 16 (2025), which replaced the earlier voluntary ESG reporting framework under MC 4 (2019) with a fully mandatory, investor-focused sustainability disclosure regime aligned with global ISSB standards.
An audience survey among 100+ participants from 35+ companies revealed a striking awareness gap: while 46% of attendees described themselves as reasonably aware of MC 16’s requirements, the remaining majority reported being not so aware or completely unaware, underscoring precisely why events like this are critical as compliance deadlines draw near.
“It always is a good plan to understand where we are starting,” he emphasized. “We still try to draw a plan and see where it makes sense to start, and when to get started.” As the Philippines enters a new era of mandatory sustainability disclosure, the question for every PLC and LNL is no longer whether to comply, but how quickly and how well.
With filing deadlines as near as FY 2027 for Tier 1 companies and lead times for Climate Risk Assessments stretching up to nine months, the window for deliberation is rapidly closing. ECCI urges the broader Philippine business community to treat PFRS S1 and S2 not as a regulatory burden, but as a strategic imperative — one that demands board-level ownership, cross-functional coordination, and expert guidance.
As the country’s dedicated PFRS advisory partner, ECCI remains committed to equipping Philippine organizations with the knowledge, tools, and support needed to meet this moment with confidence.
