Extension of Deadline for the Submission of the Sustainability Report (SR)

April 21, 2020SEC MEMORANDUM CIRCULAR NO. 13-20TO:Publicly-Listed Companies (PLCs)   SUBJECT:Extension of Deadline for the Submission of the Sustainability Report (SR) WHEREAS, the Commission has issued an extension on deadline for the submission of Annual Report (SEC Form 17-A) until 30 June 2020, through SEC Memorandum Circular (M.C.) No. 5, Series of 2020 in relation to SEC Notice dated 18 March 2020; WHEREAS, the SR is a required attachment in the Annual Report (SEC Form 17-A) such that the non-attachment thereof is subject to the penalty for Incomplete Annual Report pursuant to SEC M.C. No. 4, Series of 2019 (Sustainability Reporting Guidelines) in relation to SEC M.C. No. 6, Series of 2005 (Consolidated Scale of Fines);NOW, THEREFORE, the Commission hereby resolves to EXTEND the deadline for the submission of the SR for PLCs whose fiscal year ends on 31 December 2019 (or 30 November 2019) 1 to align the same with the extended deadline of the Annual Report, subject to the following guidelines:(1) The submission of the Sustainability Report (SR), as an attachment to the Annual...