Sustainable Fitch on Monday introduced an external review service that will provide independent assessments for companies applying for the Philippine Green Equity Label under the Securities and Exchange Commission’s (SEC) Guidelines on Philippine Green Equity, as reported by BusinessWorld.
The green equity label is designed to help investors identify listed companies that meet specific environmental criteria, supporting the growth of sustainable finance in the Philippines. The SEC’s guidelines aim to standardize green equity offerings and prevent greenwashing.
Sustainable Fitch’s service will evaluate companies against the SEC’s criteria, providing assurance to investors and facilitating capital flow into environmentally sustainable projects. The initiative is expected to boost confidence in the Philippine green equity market and align with global sustainable finance standards.