The Philippine Stock Exchange, Inc. (PSE) has become the first stock exchange globally to join the Carbon Disclosure Project (CDP) as a capital market signatory, according to a report by BusinessWorld. The move aims to encourage listed companies to improve environmental disclosure and advance sustainable finance.
The CDP is a global nonprofit that runs a disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. By becoming a signatory, the PSE commits to integrating climate-related disclosures into its operations and advocating for transparency among its member firms.
"Our role as a capital market institution goes beyond facilitating investments," PSE President and Chief Executive Officer Ramon S. Monzon said in a statement. The initiative aligns with global trends toward environmental, social, and governance (ESG) investing and positions the Philippine market as a leader in sustainability.