SEC to boost sustainability among SMLEs

The Securities and Exchange Commission (SEC) is working on ways to further boost sustainability among small, medium, and large enterprises (SMLEs) in the country.

- Richmond Mercurio

The SEC said it is exploring potential collaborations to support SMLEs in sustainability reporting.

According to the commission, this may include developing a standardized reporting template and encouraging reporting on a comply-or-explain basis to ensure the consistent submission of sustainability data.

The SEC likewise seeks to expand its recently launched Sustainability Enterprise Collaboration Network, or eSECnature, where it aims to unite organizations both in the public and private sectors in developing new ideas, best practices, and promising strategies toward its vision of a sustainable capital market and business sector.