AN INSTRUCTOR from the Alfredo M. Velayo College of Accountancy of the University of Santo Tomas recently joined the Philippine Sustainability Reporting Committee.

Fermin Antonio Del Rosario Yabut represents UST in the Technical Working Group of PSRC.

“He has been working with representatives from the accounting firms, sustainability report preparers, and the government as they assist the PSRC members in developing the Philippine implementation guidelines pertinent to the Sustainability Standards issued by the International Sustainability Standards Board,” UST said.

“The technical working group of which Yabut is heavily involved in guidance formulation that will later on assist local firms in ensuring not just compliance, but long-term sustainability and positive impact to the environment and society,” it added.

Meanwhile, Prof. Patricia Empleo, dean of UST-AMV, is currently representing UST as a PSRC member.

The PSRC assists the Financial and Sustainability Reporting Standards Council and the Philippine Regulatory Board of Accountancy in exercising its mandate to promulgate financial reporting standards in the Philippines.

Such reports include financial and non-financial aspects, particularly their impact on the environment and society.