Corporate13 Globe Key Sites Using Clean Energy to Fight Climate Change
Sep 24, 2021 | 02:28 PM
Globe has shifted to clean energy for 13 corporate offices and key facilities in Metro Manila, Luzon, and Visayas as part of its journey towards decarbonizing its operations and helping address climate change. The company started buying power from energy companies producing renewable energy in 2019 through Retail Electricity Suppliers (RES). Since then, it has increased the number of key facilities operating on clean energy. These key facilities are located in: Makati (2) Quezon City (4) Taguig (Head Office) Mandaluyong (1) San Juan (1) Cavite (2) Tarlac Cebu (1) “We are working closely with our retail electricity suppliers in shifting our key facilities to renewable energy in pursuit of sustainable energy sourcing and cost efficiency,” said Rizza Maniego-Eala, Globe Chief Finance Officer. Reduced carbon emissions will help address climate change and global warming, which will reduce the likelihood of extreme weather events that can wreak havoc on people's lives. Furthermore, reduced carbon emissions also lower air pollutants that affect human health. By purchasing renewable energy from RES, Globe aims to encourage more investments towards clean energy in support of the Philippines ’ commitment to the Paris Agreement through the Nationally Determined Contribution (NDC) to reduce carbon emissions by 75 percent in 2030. Globe actively pursues various environmental sustainability initiatives under its climate strategy primarily to make substantial contributions to the UN Sustainable Development Goals and to the #RaceToZero campaign target of carbon neutrality by 2050. Earlier this year, Globe has expressed support to the Task Force on Climate-Related Financial Disclosure (TCFD) which will be the foundation of its climate action strategy. This will help mitigate the impact of climate change by having a science-based and data-backed report. Globe is also the first and only Philippine company listed in the Science-Based Target initiative (SBTi), committing to set science-based emissions reduction targets that are consistent with keeping global warming to 1.5°C above pre-industrial levels. This strategy is part of Globe’s commitment to the United Nations Sustainable Development Goals, specifically UN SDG No. 13, which is to take urgent action to combat climate change and its impacts. To know more about Globe’s sustainability initiatives, visit https://www.globe.com.ph/about-us/sustainability.html .