ESG Glossary
Definition
The Philippine standard for climate-related disclosures. It adopts IFRS S2 for use in the Philippines, after approval by the Financial and Sustainability Reporting Standards Council (FSRSC) and the Professional Regulatory Board of Accountancy in October 2024. Companies report the climate-related risks and opportunities that could affect their business, how they plan to respond, and their greenhouse gas emissions across Scope 1, 2 and 3. Listed and large non-listed companies start using it in phases from FY2026.
In Context
“Our first PFRS S2 report showed that most of our warehouses sit in typhoon-prone provinces, and our insurer asked for our resilience plan the following week.”
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FAQs
Data security
We take data security very seriously. ECO-OS uses enterprise-grade security measures, including encryption, secure data storage, regular security audits, and compliance with leading industry standards. Your sensitive ESG data remains private, secure, and confidential at all times.
Do you provide implementation support?
Absolutely! Our professional services team is among the most talented and experienced in the business. They provide hands-on implementation support, systematically guiding your team every step of the way. From initial data discovery and onboarding of users to training and integration, our experts ensure your team rapidly closes gaps and creates new value with ECO-OS.
Do you also support Scope 3 reporting?
Of course. ECO-OS provides an end to end solution for Scope 3 emissions following the guidance of the GHG Protocol. A suite of tools unique to our platform simplifies the complex task of communicating, collecting and aggregating your supply chain data, helping you clearly understand your full value chain emissions and devise actionable reduction programs.
What international standards and frameworks are supported by ECO-OS?
ECO-OS supports alignment with major global ESG reporting frameworks, including CSRD, the GHG Protocol, California SB 253 and SB 261, the UN Global Compact, the UN SDGs, and other leading international standards.