The Financial and Sustainability Reporting Standards Council (FSRSC) established the Philippine Sustainability Reporting Committee (PSRC) on October 21, 2022, to evaluate the International Sustainability Standards Board’s IFRS Sustainability Disclosure Standards for local use and to issue local interpretation and guidance.

Objectives

The main objectives of the PSRC are:

  • To issue implementation guidance on Philippine sustainability disclosure standards adopted by the Financial and Sustainability Reporting Standards Council (FSRSC) from the sustainability disclosure pronouncements duly issued by the International Sustainability Standards Board (ISSB);
  • To comment on exposure drafts of proposed sustainability disclosure standards issued by the ISSB and other documents that may be issued for comment by the FSRSC; and
  • To comment on exposure drafts of sustainability disclosure standards or proposed regulations with sustainability reporting relevance that may be issued by financial sector regulators and other relevant government agencies or stakeholders, such as the Securities and Exchange Commission, Bangko Sentral ng Pilipinas, Insurance Commission, Commission on Audit, and the Philippine Stock Exchange.

Members

The PSRC consists of seventeen (17) members who are endorsed to and approved by the FSRSC. The following are the members.

MR. BENJAMIN N. VILLACORTE

MR. BENJAMIN N. VILLACORTE Chair

Accounting Firms
Partner, Assurance
Financial Accounting Advisory Services and Climate Change and Sustainability Services
SGV & Co.

MR. IGNACIO CARMELO O. SISON

MR. IGNACIO CARMELO O. SISON Vice Chair

Business and Industry Associations
Representative
Financial Executives Institute of the Philippines

MS. CATHERINE H. LIPANA-GOMEZ

MS. CATHERINE H. LIPANA-GOMEZ Member

Accounting Firms
ESG Partner, Deals and Corporate Finance
Isla Lipana & Co.

MR. BONAR A. LAURETO

MR. BONAR A. LAURETO Member

Accounting Firms
Director, Climate & Sustainability – Risk Advisory
Landicho Abela & Co.

MR. CHRISTOPHER FERAREZA

MR. CHRISTOPHER FERAREZA Member

Accounting Firms
Partner, Advisory Services
Punongbayan & Araullo

MR. ARVIN LEMUEL A. YANGA

MR. ARVIN LEMUEL A. YANGA Member

Accounting Firms
Partner, Technical Advisory Group
Department of Professional Practice
R.G. Manabat & Co.

DR. GLORIA T. BAYSA

DR. GLORIA T. BAYSA Member

Government and Regulatory Bodies
Member
Board of Accountancy

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ATTY. RACHEL ESTHER J. GUMTANG-REMALANTE Member

Government and Regulatory Bodies
Director, Corporate Governance and Finance Department
Securities and Exchange Commission

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MS. RHODORA M. BRAZIL-DE VERA Member

Government and Regulatory Bodies
Deputy Director, Supervisory Policy and Research Department
Bangko Sentral ng Pilipinas

MS. ANNABELLA P. GABIRAN

MS. ANNABELLA P. GABIRAN Member

Government and Regulatory Bodies
Officer-in-Charge, Accounting Systems Development and Other Services Office
Commission on Audit

ATTY. CAROL KAY V. PAQUERA

ATTY. CAROL KAY V. PAQUERA Member

Government and Regulatory Bodies
(Pending)
Climate Change Commission

ATTY. ROEL A. REFRAN

ATTY. ROEL A. REFRAN Member

Chief Operating Officer
Philippine Stock Exchange

MR. MICHAEL JEROME D. INONCILLO

MR. MICHAEL JEROME D. INONCILLO Member

Government and Regulatory Bodies
Division Manager, Brokers and Insurance Pools Division
Insurance Commission

ATTY. CESAR L. VILLANUEVA

ATTY. CESAR L. VILLANUEVA Member

Business and Industry Associations
Representative
Management Association of the Philippines

DR. ARNEL ONESIMO O. UY

DR. ARNEL ONESIMO O. UY Member

Academe
Full Professor of Accountancy
De La Salle University

DR. PATRICIA M. EMPLEO

DR. PATRICIA M. EMPLEO Member

Academe
Dean and Professor, College of Accountancy
University of Santo Tomas

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