SEC Boosts Sustainability Reporting Capacity-Building Efforts Through Materiality, Value Chain Impact Identification Training

As seen on SEC’s Official Facebook – The Securities and Exchange Commission (SEC), in collaboration with the Philippine Sustainability Reporting Committee (PSRC) and the United Nations Development Programme (UNDP), held the second leg of its Sustainability Reporting Capacity-Building Series on July 29 at the JG Summit Holdings Corporate Head Office in Pasig City.

The “Materiality and Value Chain Impact Identification Training” responds to one of the priority areas identified through the training needs assessment survey conducted in March, which showed that companies continue to face challenges in determining which sustainability-related risks and opportunities (SRROs) are material, and in identifying their current and anticipated impacts across the value chain.

In her welcome remarks, SEC Corporate Governance and Finance Department Director Rachel Esther J. Gumtang-Remalante emphasized the importance of identifying information that is material to each company and understanding the impacts arising from its value chain.

“Materiality assessment helps companies focus on the matters that have greatest relevance to the company’s long-term value creation and resilience,” Director Gumtang-Remalante said.

Read the full press release: https://www.sec.gov.ph/…/sec-boosts-sustainability…/…