Tuesday, June 3, 2025

SEC garners dual Global Good Governance Awards for fifth consecutive year

The Securities and Exchange Commission (SEC) of the Philippines has once again earned international recognition for its steadfast commitment to corporate governance and sustainability, receiving two Global Good Governance (3G) Awards from the London-based Cambridge International Finance Advisory (Cambridge IFA) for the fifth consecutive year.

During the 10th Annual 3G Awards Ceremony held on May 13 in Brunei Darussalam, the SEC was conferred with the 3G Leadership Award for Advocacy and Commitment to Corporate Governance and the 3G Championship Award in ESG Practices. These accolades underscore the Commission’s ongoing efforts to embed transparency, accountability, and sustainable practices across the corporate sector.

The 3G Leadership Award is presented to organizations that demonstrate unwavering dedication to cultivating a strong corporate governance environment through policy development, implementation of governance codes, and sustainability reporting. The 3G Championship Award in ESG Practices, which the SEC also received in 2023, honors institutions that effectively integrate environmental, social, and governance (ESG) strategies with the aid of emerging technologies and innovation.

“Since 2018, we have implemented policies that transformed ‘sustainability’ from a mere buzzword into an important driver of change in the corporate sector,” said SEC Chairperson Emilio B. Aquino. “These 3G Awards from Cambridge IFA only strengthen our commitment to continue implementing reforms that will foster transparency and sustainability in the corporate sector.”

This latest recognition adds to the SEC’s growing portfolio of international awards. The Commission has consistently received the 3G Advocacy and Commitment to Corporate Governance Award since 2021. In addition, it was honored with the 3G Transparency Award in 2022 and 2024, and the 3G Best Corporate Governance Policy & Disclosure Award in 2023.

The SEC’s commitment to sustainability dates back to 2019 when it began requiring publicly listed companies (PLCs) to submit sustainability reports, under SEC Memorandum Circular No. 4, Series of 2019. This mandate is set to expand to larger, non-listed companies by 2026 through a phased approach.

In a bid to deepen sustainability awareness and implementation, the SEC launched the SMILEES (Small and Medium Industries and Large Enterprises Embracing Sustainability) Roadshow, aiming to equip businesses with measurement tools and monitoring frameworks.

The SEC is also at the forefront of digital transformation, most recently mandating the use of its fully online company registration system, SEC Zuper Easy Registration Online (ZERO). The system enables digital authentication and paperless transactions, streamlining the registration process and further modernizing regulatory compliance.

The SEC’s global reputation for sustainability leadership is further reinforced by its recognition from the United Nations Conference on Trade and Development (UNCTAD) through the International Standards of Accounting and Reporting (ISAR) Honours, which it received in 2019, 2022, and 2024—the most in the national category.

These recognitions highlight the SEC’s continuing impact as a regional leader in good governance and sustainable corporate development.

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