Workplace Gender Equality and Sustainability Reporting: An Initial Analysis of the Top 30 Publicly-Listed Companies in the Philippines as of July 2021
Summary
This report provides an initial analysis of gender equality and sustainability practices among the top 30 publicly listed companies in the Philippines as of July 2021. It evaluates how these companies are integrating gender equality into their corporate governance and reporting processes, with a focus on their adherence to the Securities and Exchange Commission’s Sustainability Reporting Guidelines. The analysis underscores the importance of gender diversity on boards, safe and respectful workplaces, and flexible working arrangements as key factors contributing to workplace gender equality. The report highlights the crucial role of transparent and accountable corporate practices in enhancing business performance and competitiveness, and it calls for more robust and detailed gender-specific data to better evaluate the progress towards gender equality in the corporate sector. The report was developed through a collaboration between PhilWEN, Philippine Business Coalition for Women Empowerment (PBCWE), UN Women WeEmpowerAsia, and Investing in Women.
This report was originally published on the PBCWE website.
Highlights
- A significant number of the top 30 PLCs in the Philippines have implemented gender diversity policies, with 60% disclosing policies on board diversity.
- The report identifies a need for more detailed gender-specific data to accurately assess workplace gender equality and inform sustainability reporting.
- Safe and respectful workplace practices are emphasised, with 80% of the companies having formal grievance mechanisms to address gender-based harassment and discrimination.
- Flexible working arrangements, influenced by COVID-19, are seen as critical for promoting gender equality in the workplace.
- The report calls for enhanced corporate transparency and the adoption of standard reporting frameworks to improve the comparability and effectiveness of sustainability reports.