Marcos urges private sector to lead in transparency, climate stewardship

President Marcos has urged private corporations to lead by example in advancing transparency and environmental stewardship.

- By ARGYLL CYRUS GEDUCOS

Speaking at Maynilad's Initial Public Offering (IPO) listing ceremony in Bonifacio Global City, the President called Maynilad Water Services' debut on the Philippine Stock Exchange (PSE) a "milestone for good governance and sustainable growth."

He said the company's decision to go public was "a sign of confidence in our markets and in our people," adding that it reflects how private enterprise can serve both profit and the public good.

"With its Initial Public Offering, Maynilad welcomes scrutiny and accountability," he said Friday, Nov. 7.

"This also sends a message that transparency is a standard that all our institutions must abide by," he added.

The President commended Maynilad's ongoing sustainability programs—ranging from investments in renewable energy and waste management to watershed protection and climate-resilient water systems—as examples of responsible corporate leadership.