SGV’s Climate Change and Sustainability Services (CCaSS) Partner Benjamin N. Villacorte (BNV) was a speaker during the ESG (Environmental, Social and Governance) and Sustainability Reporting: Past, Present and Future event on 18 September 2021, hosted by the Institute of Management Accountants (IMA) - Philippines.
BNV at the IMA virtual event
BNV and fellow speaker Ma. Victoria A. Tan, Group Head of the Risk Management and Sustainability Unit at Ayala Corporation, discussed how ESG analysis and reporting can provide valuable insights and help create long-term value for stakeholders and how it can significantly impact the financial metrics of a company and better inform investment decisions.
BNV stressed that it is vital for businesses, accountants and the government to work together in order to achieve long-term value creation through Sustainability Reporting. He gave an overview of global and local Sustainability Reporting and their frameworks. He also discussed the status of Sustainability Reporting in the Philippines. Furthermore, he noted that Accountants are at the forefront of helping businesses maintain their social licenses to operate, as it is now inseparable from potential financial risk and return.