For two
consecutive years, leading digital solutions platform Globe has been recognized
as one of Asia Pacific’s Climate Leaders. The list developed by the Financial
Times and Global Market Research Firm, Statista honors companies that are
making significant strides in reducing their greenhouse gas (GHG) emissions.
Globe is the
only Philippine telco company included in this year’s line up. The company sees
this recognition as a testament to its commitment to climate action, backed by
its energy-efficient technologies and sustainable network operations.
“Being
recognized by the Financial Times as a Climate Leader for the second time
reaffirms our commitment to make a positive impact to the environment. This inspires us to continue on our path to
net zero. We believe that collaboration between us and our stakeholders is key
in our roadmap towards a more sustainable, low-carbon future,” said Yoly
Crisanto, Globe Group's Chief Sustainability and Corporate Communications
Officer.
Globe’s
inclusion in the list was a result of the rigorous process conducted by the
Financial Times and Statista, where they examined the carbon footprint of
thousands of companies in the region.
The assessment
considered factors such as revenues, independent emissions data reporting,
adherence to Scope 1 and Scope 2 emissions reporting, and CDP (formerly Carbon
Disclosure Project) ratings among others.
Globe stood out for its substantial reductions in its core emissions
intensity between 2016 and 2021, demonstrating not only its financial growth
but its dedication to climate action.
A core part of
Globe's success comes from the implementation of numerous climate action
initiatives over the years, from deploying green network solutions, piloting
off-grid network technologies in remote and disaster-prone areas, adopting
eco-friendly batteries, adopting green, low-carbon optical networks
technologies, and shifting to renewable energy consumption in its key sites.
In line with
these, Globe has also ventured into engaging its supply chain, establishing
sustainability criteria in its procurement and vendor assessment processes, and
rallying business partners to support and follow sustainable practices. The move propelled a collective, company-wide
journey towards greener operations, in line with its commitment to achieving
net zero GHG emissions by 2050.
Coming from the
company’s commitment to set science-based targets through the Science Based
Targets Initiative (SBTi) in 2021, Globe is set to submit targets to SBTi for
validation and approval this year. Ahead of its submission, Globe achieved a
4.42% reduction in its total Scope 1 and 2 emissions driven by the company’s
energy management programs and continued shift to renewable energy sources for
its high energy sites. This exceeded its interim voluntary reduction target of
4.2% Linear Annual Reduction Rate (LARR) set in 2022, aligned with the SBTi
reduction rate for the 1.5˚C global warming scenario.
To learn more about Globe’s
sustainability commitments and strategies, visit Globe’s Sustainability page. For the latest
Globe Integrated Report, click this link.
