The Philippine Economic Zone Authority (PEZA) said locators need to be more transparent about sustainability to improve their chances of joining global supply chains and attracting future investments, according to a report by BusinessWorld.
PEZA Deputy Director General for Policy and Planning Emmanuel Cortero noted that environmental, social, and governance (ESG) reporting capabilities are increasingly influencing global market access. Companies with robust ESG disclosures are better positioned to meet the requirements of international buyers and investors who prioritize sustainability.
The remarks come as global supply chains tighten sustainability standards, pushing Philippine economic zone firms to adopt transparent reporting. PEZA’s push aligns with broader trends where ESG compliance is becoming a prerequisite for trade and investment, particularly in export-oriented industries.