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Private sector boosts sustainability efforts to combat climate change

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Climate Change News

Private Sector

The private sector is pushing to strengthen sustainability efforts or acts that would not be detrimental to the environment to combat climate change.

“This initiative is really to help out the bigger companies to complete their greenhouse gas emissions by educating, creating awareness, and capacity building for our suppliers or our chain,” said Global Compact Network Philippines chairperson Victoria Tan in a Saksi report on Wednesday.The Securities and Exchange Commission , meanwhile, said that promoting sustainability has become a factor for companies to entice investors.

As part of its efforts to develop the environmental, social, and governance landscape in the Philippines, the GCNP has also partnered with a Singapore-based software company for a one-stop digital platform called “ESGpedia.”“To be profitable, you have to be sustainable,” ESGpedia managing director Benjamin Soh said. This year, GCNP is targeting to increase the number of its member companies from over 50 to 100.

 

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