Recent Development
Signing of the Data Sharing Agreement between PH-EITI and SEC
The Philippine Extractive Industries Transparency Initiative (PH‑EITI) and the Securities and Exchange Commission (SEC) formalized a Data Sharing Agreement (DSA) designed to enhance beneficial ownership transparency in the country’s extractive industries. The ceremonial signing was held at the Department of Finance and witnessed by officials from government, industry, and civil society.
The DSA aims to streamline PH‑EITI’s access to corporate information, including beneficial ownership data, by allowing on‑site, online, and off‑site access to relevant reportorial documents held by the SEC. However, the disclosure of sensitive details remains subject to the submission of waivers by the concerned individuals, in compliance with the Data Privacy Act. This safeguard balances the public’s right to information with the protection of personal data. The agreement underscores the government’s commitment to mainstreaming the EITI Standard, which calls for systematic disclosure of payments, contracts, and beneficial ownership data to strengthen public oversight.
Beneficial Ownership Supporting Documents and Reporting Basis
Contains sources of information and data references.
The Philippines has steadily advanced its policies on beneficial ownership (BO) transparency, particularly in the extractives sector. Since launching its BO Roadmap in 2016, PH-EITI has engaged in global initiatives such as Opening Extractives and sustained stakeholder engagement activities and knowledge materials. The Securities and Exchange Commission (SEC), through Memorandum Circular No. 15, Series of 2019, mandated companies to declare BO information in their General Information Sheet (GIS). However, public access to this data has been restricted, with disclosure largely dependent on voluntary submissions to PH-EITI and subject to waivers that balance transparency with privacy considerations.
Based on the copy of the Beneficial Ownership Declaration form accomplished/executed and submitted by the company to the SEC (by virtue of SEC Memorandum Circular No. 15, s. 2019) and/or to PH-EITI in response to the latter’s official request in line with the FY 2022 PH-EITI reporting cycle. The PEP* (politically exposed person) column is based on the PEP Declaration form accomplished/executed and submitted by the company to PH-EITI upon request. The actual forms submitted are in the custody of the PH-EITI secretariat within the DOF system and protected by encryption.
*Politically exposed person (PEP) – defined as holding or having held an elective or appointive position in government, either at the national or local level.
The beneficial owners disclosed herein are as of the period covered by the company declarations submitted to PH-EITI in for the FY 2020-2022 PH-EITI reporting.
Categories of Beneficial Ownership
Guide to the classification of BO Information
The Registry
A catalogue of companies participating in beneficial ownership reporting
An overview of BO by Company Participation, Ownership Categories, and Disclosure Trends
BO Reporting Companies
Lineup of publicly listed companies
(Page under development)
A government-led, multi-stakeholder initiative implementing EITI, the global standard that promotes the open, accountable management, and good governance of oil, gas, and mineral resources. PH-EITI was created on 26 November 2013 through EO No. 147, s. of 2013. It is a government commitment first announced through EO No. 79, s. of 2012.