Business > Green Industries
ESG reporting vital to PH companies' global expansion

2022 Sustainability Counts report assesses the Asia-Pacific efforts in this area as 'poor'

COMPANIES in Asia, including the Philippines, need to step up in their compliance with international ESG (environmental, social and global) mandates and their consequent reporting if they want to expand into more developed regions like the European Union.

As defined by PricewaterhouseCoopers, sustainability reporting covers materiality and stakeholder engagement; strategy and targets especially concerning carbon reduction; adaptability toward climate change; green gas emissions; governance; and building trust, especially with stakeholders and other partners.