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Paving a path to a sustainable Philippines
04 October 2018

GRI convenes over 200 business leaders for its first Sustainability Summit on 8th October 2018 in Pasay City.​
The business community in the Philippines is not only a vehicle for economic growth, but also a driving force behind collective progress towards sustainable development. However, exact measuring of the private sector contributions is not yet robust, leaving a need for more public disclosure of impacts.
 
GRI is bringing the Philippines’ business community together for a unique whole-day event to discuss how sustainability reporting can help achieve the UN Sustainable Development Goals (SDGs) in the Philippines. The forum is organized in partnership with the SM group of companies, which has one of the largest market capitalized companies listed on the Philippine Stock Exchange, and one of the pioneers of sustainability reporting in the country, together with the Australian Embassy in the Philippines, the Philippine Business for the Environment (PBE) and the Makati Business Club (MBC).
 
Tim Mohin, CEO of GRI: “We have found that in the Philippines currently only 7% of publicly listed companies, that is, 23 of the 263 in total, have issued sustainability reports. In order to meet the government’s ambitions to support the SDGs, the number of reporters needs to go up. Sustainability reporting offers companies the opportunity to better understand their impacts – both positive and negative – on the society, economy, and environment. These insights lead to better decision making in the companies and will help capture long-term business benefits.”
 
Dr. Roberto de Ocampo, Board Member of GRI: “The summit hopefully will accelerate the interest of businesses to use GRI as the standard measure of their sustainability performance.”
 
The GRI Sustainability Summit will convene over 200 business leaders and serve as a platform for new and experienced sustainability professionals and reporters to build and improve their capacity, skills, and knowledge on corporate transparency for sustainable business decision-making.
 
Confirmed speakers include renowned international sustainability leaders Sunny Verghese, Co-Founder & Group CEO of Olam International Limited and the Chairman of the World Business Council for Sustainable Development (WBCSD); and Tim Mohin, Chief Executive of GRI. The Summit also brings together the heads of leading businesses in the Philippines: Hans Sy, Chairman of the Executive Committee of SM Prime Holdings, Inc.; Teresita Sy-Coson, Vice-Chairperson of SM Investments Corporation and Chairperson of BDO Unibank, Inc.; Jaime Augusto Zobel de Ayala, President and CEO of Ayala Corporation; Justo Ortiz, Chairman of the Board of Directors of Union Bank of the Philippines; and Irwin Lee, President of Universal Robina Corporation.
 
The GRI Sustainability Reporting Standards are the world’s most widely used standards for sustainability reporting – 75% of the world’s largest companies that report use the GRI Standards. GRI’s work in the Philippines is part of the program “Sustainable Trade and Investment through Sustainability Reporting in the Indo-Pacific”, which is funded by the Department of Foreign Affairs and Trade of the Australian Government.
 
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Press contact:
Noora Puro
Communications Specialist, GRI
puro@globalreporting.org
+31 (0)20 531 00 45