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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
View all Reports
Economy 2 MIN READ

ESG professionals needed to move businesses’ sustainability agenda

December 26, 2022By BusinessWorld
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COMPANIES preparing sustainability reports suffer costs for not having professionals knowledgeable in environmental, social and governance (ESG) processes, said an official of a company with buildings awarded for their design excellence.

Raymond D. Rufino, chief executive officer of Neo Group, said doing sustainability reports and securing building certifications are inexpensive but companies need to allot resources for these.

“It’s not expensive but you need to have a budget, especially for people. These people put the data, they do the measures, there are people who will do the reporting,” Mr. Rufino said in an interview with BusinessWorld.

Companies can hire a third-party consultant who can check whether reports and measurements meet the required standards but they still need their own team to do the report, he said.

“If you don’t have the team to do the report, you can get consultants and this is where it becomes kind of costly,” he added.

Putting up a building can be costly for a company but it should also set aside a budget for human resources especially amid the low number of ESG professionals, according to Mr. Rufino.

“Kaya sana ’yung schools magkaroon sila ng (I hope schools will start putting in) courses on ESG professionals. It should be a full course,” he said.

“In my view, it should be a degree course where you put together the different components of environmental science, a little bit of engineering, a bit of marketing. It has many aspects, so I think it is a four-year course,” Mr. Rufino added.

Neo Group is a unit under Sy-led SM Investments Corp. The company has seven buildings that have certifications from Building for Ecologically Responsive Design Excellence, Excellence in Design for Greater Efficiencies, WELL Building Standard, and Advancing Net Zero Philippines.

Its seven buildings are One/NEO, Two/NEO, Three/NEO, Four/NEO, Five/NEO, Six/NEO, and Seven/NEO, which are all at Bonifacio Global City in Taguig. — Justine Irish D. Tabile

This article originally appeared on bworldonline.com

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