The Philippine Stock Exchange (PSE) has become the first stock exchange globally to join CDP, the international non-profit that runs the world's leading environmental disclosure system. This move positions PSE at the forefront of sustainable finance in Asia.
By joining CDP, PSE commits to disclosing its own environmental impact and encourages listed companies to adopt transparent climate reporting. CDP's system is used by over 680 investors with more than $130 trillion in assets to make informed decisions.
PSE President and CEO Ramon Monzon said, "We are proud to be the first exchange to join CDP. This demonstrates our commitment to promoting sustainable practices among our stakeholders and contributing to global climate action."
CDP's Asia Director, Hiroshi Ono, added, "PSE's leadership sets a benchmark for other exchanges in the region. We hope this inspires more financial institutions to embrace transparency."
This initiative aligns with PSE's broader sustainability efforts, including the launch of its ESG index and mandatory sustainability reporting for listed firms.