The Philippine Securities and Exchange Commission (SEC) has unveiled a draft memorandum circular outlining the Green Equity Guidelines, a framework designed to regulate and promote the issuance of green equity in the country. This initiative aligns with the Philippines’ commitment to achieving sustainability goals under the Paris Agreement and the United Nations Sustainable Development Goals (SDGs).
The SEC reserves the right to withdraw the Green Equity label if a company’s activities no longer meet the established standards. Violations of the guidelines could lead to penalties in accordance with the Securities Regulation Code (SRC) and related laws. Stakeholders are encouraged to submit their inputs via email to help refine the framework.
