The Philippine Securities and Exchange Commission signed a letter of intent with the Ministry of the Environment of Japan and the Philippine Department of Environment and Natural Resources to strengthen cooperation on greenhouse gas accounting, reporting and verification. The collaboration supports efforts to align environmental reporting systems with corporate sustainability disclosures and improve climate-related information from companies. The agreement forms part of Japan’s Partnership to Strengthen Transparency for co-Innovation. The Department of Environment and Natural Resources aims to use the initiative to help move private-sector greenhouse gas reporting from voluntary to mandatory and align its technical tools with the Commission’s revised Sustainability Reporting System. The work complements the Commission’s adoption of International Financial Reporting Standards Sustainability Disclosure Standards S1 and S2 for publicly listed companies and large non-listed entities and is intended to help those companies prepare for mechanisms including the European Union’s Carbon Border Adjustment Mechanism and Article 6 carbon markets.
2026-06-04Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission signs cooperation agreement on greenhouse gas measurement and reporting
The Philippine Securities and Exchange Commission signed an agreement with Japanese and Philippine environmental authorities to strengthen greenhouse gas accounting, reporting and verification. The cooperation will seek to align environmental tools with corporate sustainability reporting and support a transition from voluntary to mandatory private-sector emissions reporting.