MANILA — Ayala Corporation joins 63 companies, investor groups, and professional accounting firms around the world in endorsing a joint statement that calls for a global baseline for reporting sustainability-related information.
Developed jointly by the World Business Council for Sustainable Development (WBCSD), the Principles for Responsible Investment (PRI), and the International Federation of Accountants (IFAC), this call to action seeks to provide a comprehensive global baseline of sustainability disclosures needed by capital markets, including investors who allocate capital internationally, companies who operate and raise capital across national borders, and the accounting profession that serves all consumers of corporate reporting.
“At Ayala, we have always adhered to the highest level of transparency. Hence, we express our strong support to the call for a globally compatible set of sustainability reporting standards as well as a coordination mechanism that allows stakeholders to understand the value these standards bring in driving growth for the greater good,” said Albert de Larrazabal, Ayala Corporation’s Chief Finance Officer, Chief Risk Officer, and Chief Sustainability Officer.
Ayala Corporation is the first and only WBCSD member-conglomerate in the Philippines. Ayala and its core business units are signatories to the Taskforce on Climate-related Financial Disclosures and are currently working to implement the 11 recommended disclosures in the pillars of governance, strategy, risk management, and metrics & targets.