The PENCAS Act institutionalises the Philippine ecosystem and natural capital accounting system, mandating its use in policy and decision-making, designating the agencies responsible for its implementation, providing institutional arrangements among responsible agencies, and appropriating funds therefor.
Under section 11, any citizen shall have the right to information on any account generated under this Act, to have the standing to compel the performance of any of the mandates under this Act, and to seek justification from any government agency that may have ignored or neglected PENCAS accounts and indicators in their policy or decision-making. Major PENCAS accounts, results on nature's wealth and the economic value of ecosystem services, and loss and damage associated with disasters or climate change, shall be released along with all releases of national economic data, such as Gross National Income (GNI), Gross Domestic Product (GDP), and other often-released measures of the state of the country's economic health and highlight the contribution of resources and ecosystems to the economy, incomes and employment.
