Philippine SEC Proposes Green Equity Guidelines to Attract Sustainable Investments

The Philippine Securities and Exchange Commission (SEC) has released draft Green Equity Guidelines to regulate and promote green equity issuance, aligning with the country’s sustainability goals under the Paris Agreement and UN SDGs. The framework requires companies to derive at least 50% of revenue and investments from green activities, define measurable environmental KPIs, and undergo external reviews for transparency. It aims to attract capital to green businesses, enhance sustainability visibility, and complement green bonds. Companies must comply with strict reporting and assessment rules, with penalties for violations. Public feedback on the draft is open until January 25, 2025. Resources: https://esgnews.com/philippine-sec-proposes-green-equity-guidelines-to-attract-sustainable-investments/