Globe: Leading In Philippine ESG

Globe, the Philippines' leading digital solutions platform, has achieved a significant milestone on its sustainability journey, securing an impressive AA rating from MSCI (Morgan Stanley Capital International) ESG Research.

Globe Soars to AA Rating - ESG Leadership in the Philippines

This achievement marks not only the highest ESG rating for a company in the Philippines but also a groundbreaking feat within the telecommunications industry of the country.

MSCI ESG Research assigns ESG (Environmental, Social, Governance) ratings to the global public and a select number of private companies, grading them on a scale ranging from AAA (leader) to CCC (laggard).

The ratings are determined based on a company's exposure to industry-specific ESG risks and its ability to manage those risks in comparison to its peers. These assessments consider various factors, including governance structures, policies, targets, quantitative performance metrics, and any relevant controversies.

Globe's ascent from BBB to A in 2020, and now to AA, is a testament to the company's strong commitment to sustainability practices. It signifies that Globe is effectively managing its ESG risks and positions it as an ESG leader on the global stage.

Yoly Crisanto, Globe Group Chief Sustainability and Corporate Communications Officer, expressed her pride in this achievement, stating, "This MSCI AA rating is a testament to Globe's steadfast commitment to sustainability practices and a historic feat for the Philippines in itself. As we put our sustainability ambitions into action and embed its principles in the way we do business, we are proud to set the benchmark for ESG practices in the industry and the country."

Globe's impressive ESG rating is attributed to several key achievements across different domains:

Environmental Excellence

Globe has demonstrated exemplary leadership in climate action. As the first publicly-listed company in the Philippines to commit to science-based targets through the Science-Based Target initiative (SBTi), the company aims to reduce greenhouse gas emissions by 50% by 2030 and achieve Net Zero emissions by 2050.

In 2022, Globe exceeded expectations by reducing carbon emissions by 4.42%. This accomplishment was the result of transitioning to renewable energy sources, investing in energy-efficient technologies, and implementing eco-friendly solutions across its network.

Social Responsibility

Globe places a strong emphasis on privacy and data security. Regular vulnerability assessments, patch management, and security threat detection are conducted to safeguard company assets.

The company also prioritizes data privacy and information security training for its employees.

Additionally, Globe's "Alagang Globe" Program highlights its commitment to employee well-being, ensuring competitive pay and garnering recognition in 2022 for outstanding workplace practices.

Governance

Globe has made significant strides in governance, including the addition of four new directors to its Board, two of whom are female directors. This move reflects Globe's commitment to diversity and female representation in leadership positions.

The company also upholds high sustainability and corporate governance standards through the adoption of ESG-linked policies. Globe's Code of Conduct integrates universal principles concerning human rights, labor, environment, and anti-corruption into its daily operations.

Globe's latest MSCI ESG Rating underscores the company's unwavering dedication to its ESG strategies and practices, setting a formidable standard for companies in the Philippines and beyond.

A Pioneering Commitment to Sustainability

Globe actively participates in the United Nations Global Compact and has pledged to uphold the Ten Principles encompassing human rights, labor, environment, and anti-corruption.

The company lends support to 10 out of the 17 UN Sustainable Development Goals, with a particular focus on SDG 9 (Industry, Innovation, and Infrastructure) and SDG 13 (Climate Action).

As a Participant in the #RaceToZero campaign by the United Nations Framework Convention on Climate Change (UNFCCC), Globe has committed to setting science-based targets through the Science-Based Targets initiative (SBTi).

In conclusion, Globe's attainment of an AA ESG rating from MSCI reflects its commitment to sustainability, exceptional environmental stewardship, social responsibility, and sound governance.

The company's dedication to ESG principles is setting a remarkable benchmark for businesses in the Philippines and serving as an inspiration for global corporations embracing sustainability as a core value.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic