Building Leadership in Sustainability

1 MIN READ | ADMIN

What’s New: SEC to release new sustainability reporting guidelines 

To improve reporting and strengthen efforts on sustainability in the Philippines, the Securities and Exchange Commission will soon release a memorandum circular on the new and revised guidelines on sustainability reporting for publicly listed companies (PLCs). 

The revised guideline considers global sustainability standards like IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures). 

The IFRS was released by the International Sustainability Standards Board (ISSB) and is expected to take effect on 1 January 2024, but the application will vary depending on local legislation.

The IFRS 1 disclosures focus more on an organization’s sustainability-related risks and opportunities. Meanwhile, IFRS 2 encourages organizations to disclose how they manage the potential negative effects of climate change on their operations.

How can you prepare?

According to the ISSB:

Companies that are new to sustainability disclosure should use 2023 to prepare for the future application of IFRS Sustainability Disclosure Standards by:

  • Evaluating internal systems and processes for collecting, aggregating, and validating sustainability-related information across the company and its value chain;
  • Considering the sustainability-related risks and opportunities that affect the business;
  • Reviewing the ISSB’s recently released standards; and
  • Reviewing or using the SASB Standards and CDSB Framework (both of which support IFRS S1), TCFD Recommendations (which form the foundation of IFRS S1 and IFRS S2), and the Integrated Reporting Framework (whose concepts are reflected in IFRS S1).

Source: ISSB: Frequently Asked Questions

For an overview of IFRS S1 and IFRS S2, see this link. 

Net Zero Carbon Alliance Updates: GHG Emission Tracker Launch and Dumaguete Assembly

Net Zero Carbon Alliance (NZCA) – a collective aiming to make its member companies carbon neutral on or by 2050 – recently launched a GHG emissions tracker during their 3rd Quarter Assembly to help calculate carbon footprint. 

According to the group, identifying and understanding your organization’s climate impact “is the first step to being a net zero carbon company”

Visit the website here

Pioneer Partners of NZCA which include Drink also had an educational tour of the Energy Development Corporation’s (EDC) geothermal power plant in Valencia, Negros Oriental. They learned about geothermal power generation and how EDC helped slash-and-burn farmers in Dauin transition to a sustainable farming model.

Lessons from Loving, the Philippines: Sustainable Talks

Sustainability associates Danica Java and Michael Ian Bolalin led a talk on sustainable tourism last August 2023 at the Benilde School of Hotel, Restaurant, and Institution Management.

Here are some insights they shared: 

  • Sustainable tourism, like reporting, matters in three degrees:
    • It is a government requirement;
    • It contributes to the attainment of UN SDGs;
    • It is a way to achieve sustainable development. 
  • Climate change affects the tourism industry as weather disturbances make operations challenging. It also damages ecosystems and biodiversity, which are some of the main attractions in the Philippine tourism industry. 
  • Tourists are becoming more conscious of their ecological footprints. 

Building Leadership in Sustainability

1 MIN READ | ADMIN

What’s New: SEC to release new sustainability reporting guidelines 

To improve reporting and strengthen efforts on sustainability in the Philippines, the Securities and Exchange Commission will soon release a memorandum circular on the new and revised guidelines on sustainability reporting for publicly listed companies (PLCs). 

The revised guideline considers global sustainability standards like IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures). 

The IFRS was released by the International Sustainability Standards Board (ISSB) and is expected to take effect on 1 January 2024, but the application will vary depending on local legislation.

The IFRS 1 disclosures focus more on an organization’s sustainability-related risks and opportunities. Meanwhile, IFRS 2 encourages organizations to disclose how they manage the potential negative effects of climate change on their operations.

How can you prepare?

According to the ISSB:

Companies that are new to sustainability disclosure should use 2023 to prepare for the future application of IFRS Sustainability Disclosure Standards by:

  • Evaluating internal systems and processes for collecting, aggregating, and validating sustainability-related information across the company and its value chain;
  • Considering the sustainability-related risks and opportunities that affect the business;
  • Reviewing the ISSB’s recently released standards; and
  • Reviewing or using the SASB Standards and CDSB Framework (both of which support IFRS S1), TCFD Recommendations (which form the foundation of IFRS S1 and IFRS S2), and the Integrated Reporting Framework (whose concepts are reflected in IFRS S1).

Source: ISSB: Frequently Asked Questions

For an overview of IFRS S1 and IFRS S2, see this link. 

Net Zero Carbon Alliance Updates: GHG Emission Tracker Launch and Dumaguete Assembly

Net Zero Carbon Alliance (NZCA) – a collective aiming to make its member companies carbon neutral on or by 2050 – recently launched a GHG emissions tracker during their 3rd Quarter Assembly to help calculate carbon footprint. 

According to the group, identifying and understanding your organization’s climate impact “is the first step to being a net zero carbon company”

Visit the website here

Pioneer Partners of NZCA which include Drink also had an educational tour of the Energy Development Corporation’s (EDC) geothermal power plant in Valencia, Negros Oriental. They learned about geothermal power generation and how EDC helped slash-and-burn farmers in Dauin transition to a sustainable farming model.

Lessons from Loving, the Philippines: Sustainable Talks

Sustainability associates Danica Java and Michael Ian Bolalin led a talk on sustainable tourism last August 2023 at the Benilde School of Hotel, Restaurant, and Institution Management.

Here are some insights they shared: 

  • Sustainable tourism, like reporting, matters in three degrees:
    • It is a government requirement;
    • It contributes to the attainment of UN SDGs;
    • It is a way to achieve sustainable development. 
  • Climate change affects the tourism industry as weather disturbances make operations challenging. It also damages ecosystems and biodiversity, which are some of the main attractions in the Philippine tourism industry. 
  • Tourists are becoming more conscious of their ecological footprints. 

Building Leadership in Sustainability

1 MIN READ | ADMIN

What’s New: SEC to release new sustainability reporting guidelines 

To improve reporting and strengthen efforts on sustainability in the Philippines, the Securities and Exchange Commission will soon release a memorandum circular on the new and revised guidelines on sustainability reporting for publicly listed companies (PLCs). 

The revised guideline considers global sustainability standards like IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures). 

The IFRS was released by the International Sustainability Standards Board (ISSB) and is expected to take effect on 1 January 2024, but the application will vary depending on local legislation.

The IFRS 1 disclosures focus more on an organization’s sustainability-related risks and opportunities. Meanwhile, IFRS 2 encourages organizations to disclose how they manage the potential negative effects of climate change on their operations.

How can you prepare?

According to the ISSB:

Companies that are new to sustainability disclosure should use 2023 to prepare for the future application of IFRS Sustainability Disclosure Standards by:

  • Evaluating internal systems and processes for collecting, aggregating, and validating sustainability-related information across the company and its value chain;
  • Considering the sustainability-related risks and opportunities that affect the business;
  • Reviewing the ISSB’s recently released standards; and
  • Reviewing or using the SASB Standards and CDSB Framework (both of which support IFRS S1), TCFD Recommendations (which form the foundation of IFRS S1 and IFRS S2), and the Integrated Reporting Framework (whose concepts are reflected in IFRS S1).

Source: ISSB: Frequently Asked Questions

For an overview of IFRS S1 and IFRS S2, see this link. 

Net Zero Carbon Alliance Updates: GHG Emission Tracker Launch and Dumaguete Assembly

Net Zero Carbon Alliance (NZCA) – a collective aiming to make its member companies carbon neutral on or by 2050 – recently launched a GHG emissions tracker during their 3rd Quarter Assembly to help calculate carbon footprint. 

According to the group, identifying and understanding your organization’s climate impact “is the first step to being a net zero carbon company”

Visit the website here

Pioneer Partners of NZCA which include Drink also had an educational tour of the Energy Development Corporation’s (EDC) geothermal power plant in Valencia, Negros Oriental. They learned about geothermal power generation and how EDC helped slash-and-burn farmers in Dauin transition to a sustainable farming model.

Lessons from Loving, the Philippines: Sustainable Talks

Sustainability associates Danica Java and Michael Ian Bolalin led a talk on sustainable tourism last August 2023 at the Benilde School of Hotel, Restaurant, and Institution Management.

Here are some insights they shared: 

  • Sustainable tourism, like reporting, matters in three degrees:
    • It is a government requirement;
    • It contributes to the attainment of UN SDGs;
    • It is a way to achieve sustainable development. 
  • Climate change affects the tourism industry as weather disturbances make operations challenging. It also damages ecosystems and biodiversity, which are some of the main attractions in the Philippine tourism industry. 
  • Tourists are becoming more conscious of their ecological footprints. 

Talk To Us

    This will close in 0 seconds

    Art Director

    Qualification:

    – Carry out tasks related to sustainability reporting and help deliver outputs in relation to sustainability reports and communications projects .
    – Synthesize and translate complex information into clear, informative, and compelling materials (e.g., summaries, fact sheets, presentations, online dashboards, reports) for diverse audiences.
    – Support business development opportunities such as in bidding processes, potential client meetings, and proposal writing.
    – Ensure that projects are delivered on time in accordance with Drink’s reputation and standards for producing high-quality outputs.
    – Assist clients in developing strategies on how to embed sustainability in their business operations, risk management, systems, and processes.
    – Help businesses develop strategies to comply with sustainability-related regulations
    – Assist in obtaining independent assurance of a client’s sustainability report by checking the accuracy of the reported data and statements.
    – Develop or assess client’s sustainability strategies, sustainability reports, and data collection processes.
    – Perform other related duties as assigned by the team head.

    Responsibities

    – Responsible for the overall visual style and imagery in projects assigned.
    – Tasked to create the overall design and direct others who develop certain materials for the project (e.g., production team, photographers, and videographers).
    – Constant collaboration with the creative, sustainability, editorial, and support team members to close accounts.
    – Manage secondary sales and marketing channels (website and social media pages).

    Sustainability Associate

    Qualification:

    -BS Degree in Environmental Planning/ Environmental Management/ Environmental Science or other related disciplines. – Familiarity with GRI Standards or certification in GRI Standards Reporting is an advantage.
    – Experience in research and data gathering.
    – Excellent interpersonal and communication skills.
    – Detail-oriented, transparent, accountable, and adaptable to working in a fast-paced and collaborative environment.
    – Works well with diverse teams.
    – Ability to manage multiple concurrent projects and deadlines.
    – Ability to work with clients, partners, and colleagues in an innovative and culturally responsible way while exhibiting emotional intelligence
    – Excellent organizational skills, data management and analysis abilities, and attention to detail
    – Proficiency in Google Workspace and/or Microsoft 365 suites

    Responsibities

    -BS Degree in Environmental Planning/ Environmental Management/ Environmental Science or other related disciplines. – Familiarity with GRI Standards or certification in GRI Standards Reporting is an advantage.
    – Experience in research and data gathering.
    – Excellent interpersonal and communication skills.
    – Detail-oriented, transparent, accountable, and adaptable to working in a fast-paced and collaborative environment.
    – Works well with diverse teams.
    – Ability to manage multiple concurrent projects and deadlines.
    – Ability to work with clients, partners, and colleagues in an innovative and culturally responsible way while exhibiting emotional intelligence
    – Excellent organizational skills, data management and analysis abilities, and attention to detail
    – Proficiency in Google Workspace and/or Microsoft 365 suites

    Writer

    Qualification:

    – Tertiary qualifications in technical writing, content development, or other significant and relevant experience.
    – Know-how of the research process and experience in research work is a plus.
    – Knowledge and experience in social media copywriting.
    – Capacity to adhere to in-house style and use style guides and templates.
    – Ability to work independently on projects to meet strict deadlines.
    – Strong analytical skills, the ability to interpret technical material, attention to detail.
    – Strong written and verbal communication skills.
    – High-level organizational and time management skills.
    – Highly creative and can work well with a team.
    – Proficiency in Google Workspace and/or Microsoft 365 suites

    Responsibities

    – Fulfill content development assignments given by the editorial head, such as:

    • corporate reports & technical writing;
    • copywriting, copy, & style editing;
    • interviews & desktop research; and
    • supporting auditing, creative conceptualization, & strategic planning.

    – Collaborate with creative, sustainability, and support team members to produce compelling output executions that will communicate sustainability, establish branding, and engage the general audience
    .
    – Knowledge and experience in social media copywriting.
    – Maintain critical thinking, growth mindset, sound judgment, and time management
    .

    Project Manager

    Qualification:

    – Recent graduate with management degree / experience in a communications, non-profit, or corporate environment for consultancy, creative, or development projects
    – Proactive and detail-oriented multitasker
    – Team player who can meet pressing deadlines
    – Has grit, solid organizational skills, and strong oral & written communication skills
    – Background or interest in sustainability, editorial, and design work
    – Results-driven and motivated to learn
    – Proficiency in Google Workspace and/or Microsoft 365 suites

    Responsibities

    – Ensure effective and efficient day-to-day implementation of sustainability and creative communication projects from inception, through execution, completion, monitoring, and evaluation
    – Lead and manage production, sustainability, and support team members to assure quality work and timely submission of deliverables
    – Coordinate and communicate with clients at all stages of the project
    – Identify opportunities for other projects with diverse clients and partners (e.g., corporate, SME, non-profit, and gov’t)
    – Maintain critical thinking, growth mindset, sound judgment and time management