Preparing for PFRS S1 and S2: Practical steps for implementation

Preparing for PFRS S1 and S2 is now a priority for many Philippine organisations as they assess the practical implications of the new Philippine Financial Reporting Standards and the actions needed to support readiness.

To support this process, Anthesis, together with guest speakers from the Philippine Securities and Exchange Commission (SEC) and Ayala Corporation, hosted a webinar to explore how organisations can prepare for reporting, address common challenges, and focus effort where it matters most.

The session provides an overview of the Philippine SEC’s approach to implementation, practical guidance on assessing readiness and closing capability gaps, and lessons from early ISSB-aligned reporting in Australia. Speakers also shared approaches to identifying and assessing climate-related risks and opportunities, along with insights from organisations preparing for disclosure.

Attendees will leave with a clearer understanding of regulatory expectations, practical next steps for implementation, and key lessons emerging from first-year reporting experiences in other markets.

This PFRS executive briefing covers:

• SEC implementation approach and regulatory expectations
• Climate risk and opportunity assessment
• Governance, data and reporting readiness
• Lessons from early ISSB-aligned reporting
• Common implementation challenges and practical responses

What you’ll take away

• How the SEC is approaching implementation and what that means in practice
• What you should prioritise in the next 12 months to prepare for PFRS S1 and S2
• Common readiness challenges and how organisations are addressing them
• Lessons from Australian first-year reporting and relevance to the Philippines
• How leading organisations are approaching climate risk, governance and reporting preparation

Whether you’re just getting started with PFRS S1 and S2, assessing your organisation’s readiness, or developing an implementation roadmap, this session provides practical insights to help you take the next steps with confidence.

Learn more about PFRS S1 and S2 in our guide here