Sustainability-related issues are receiving greater attention from corporate boards as companies adapt to stricter disclosure requirements and rising investor expectations, according to business leaders. Speaking at an executive forum organized by ESGpedia on Tuesday, Institute of Corporate Directors Philippines Sustainability Committee Vice-Chairman Jonas Marie Dumdum said companies are increasingly incorporating sustainability considerations into strategy, risk management, and governance, as reported by BusinessWorld.
Dumdum noted that new sustainability reporting mandates, including those from the Securities and Exchange Commission (SEC) and global frameworks, are driving boards to elevate environmental, social, and governance (ESG) topics from compliance exercises to strategic priorities. He emphasized that directors must now oversee not only financial performance but also non-financial metrics that affect long-term value creation.
The shift reflects a broader trend where investors and stakeholders increasingly demand transparency on climate risks, supply chain resilience, and social impact. The forum highlighted that Philippine firms are moving beyond box-ticking, with some integrating sustainability into board committee structures and executive compensation. Industry experts expect this momentum to accelerate as regulatory deadlines approach.