The Philippine roadmap for inclusive, balanced, long-term growth is aligned with environmental, social and governance (ESG) principles and the UN Sustainable Development Goals (SDGs). Indeed, ESG adoption is growing on the corporate level in the country – and increasingly being recognised as an opportunity for risk mitigation – despite some implementation challenges.
This ESG Intelligence report evaluates opportunities and challenges for the public and private sector as the country works to unlock ESG-related benefits for all under incoming President Ferdinand Marcos Jr, better known as Bongbong Marcos. Readers will find a specific focus on digital transformation, agri-business and construction. References to key plans and events include AmBisyon Natin 2040; Build, Build, Build; and COP26 – although it remains to be seen how these will be integrated into the agenda of the new administration. The report also spotlights the country’s vulnerability to climate change, and incumbent challenges in terms of working conditions and corruption risk in construction. The key focus throughout is socio-economic opportunities for Filipinos and local communities, including productivity-driven growth, food security and financial inclusion.