Philippines SEC Mandates IFRS-Aligned Sustainability Reporting; Vietnam Launches Corporate Governance Code 2026

In a landmark week for ASEAN governance regulation, the Philippine Securities and Exchange Commission adopted PFRS S1 and S2 requiring listed companies to disclose sustainability-related financial and climate information starting FY2026, while Vietnam's State Securities Commission launched a principles-based Corporate Governance Code aligned with G20/OECD standards that strengthens board leadership, risk oversight, and ESG integration. Both reforms signal a rapidly tightening regional regulatory floor that boards of ASEAN mid-market companies can no longer treat as a distant compliance horizon. SEA CEOs and boards must now accelerate ESG governance infrastructure, data collection systems, and board-level disclosure accountability or risk falling behind mandatory timelines.