MANILA, Philippines – The Philippine Stock Exchange (PSE) became the first stock exchange to join CDP as a capital markets signatory, promoting greater sustainability reporting among listed firms.
In a statement on Thursday, the local bourse said the partnership reinforces efforts to promote sustainable finance and corporate transparency in the Philippine capital market.
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CDP is a global non-profit organization that operates what it describes as the world’s only independent environmental disclosure system. The platform has been helping companies, investors and governments measure and disclose environmental impacts for the past 25 years.
CDP said over 22,100 companies disclosed environmental data through its platform in 2025, representing about two-thirds of global market capitalization.
PSE president and CEO Ramon Monzon said the exchange’s role extends beyond facilitating investments and capital raising activities.
“Our role as a capital market institution goes beyond facilitating investments. By joining CDP, we are signaling to our listed companies and investors that environmental transparency is essential to long-term value creation,” Monzon said.
He encouraged all PSE-listed companies to disclose through CDP and demonstrate their commitment to sustainability.
The bourse said CDP could help listed companies improve their sustainability-related systems, policies and governance practices through its disclosure framework.
The platform incorporates various reporting standards, including IFRS S2 as its foundation.
Moreover, it incorporates the recommendations of the Task Force on Climate-related Financial Disclosures and aligns with European and nature-related sustainability reporting standards.
The platform helps companies identify and disclose climate-related risks and opportunities, including impacts on water, forests, plastics and oceans.
The PSE joins over 540 financial institutions managing more than $110 trillion in assets that advocate environmental disclosure through CDP.
The move comes as investors place greater emphasis on ESG factors, increasing demand for transparent and comparable sustainability data. /pai INQ