Globe Makes it to FTSE4Good Index Series for 5th Consecutive Year
Globe Telecom has made it to the FTSE4Good Index Series for the fifth consecutive year, proving the company’s dedication to Environmental, Social, and Governance (ESG) practices that help shape society's sustainable future.
Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong ESG practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
FTSE Russell confirmed that “Globe has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series.”
“As a purpose-led organization, Globe continues to combine innovation with the power of collaboration to achieve inclusive and sustainable development for all, help in nation-building, and contribute to ten of the UN Sustainable Development Goals. Thus, to be part of the FTSE4Good Index Series for the fifth year in a row is a testament that we are indeed on the right track,” said Yoly Crisanto, Globe Chief Sustainability Officer and SVP for Corporate Communications.
FTSE4Good indices can be used as tools in the creation of index-tracking investments, financial instruments or fund products focused on sustainable investment; as a way to identify environmentally and socially sustainable companies; as a transparent and evolving global ESG standard against which companies can assess their progress and achievement; and as a benchmark index to track the performance of sustainable investment portfolios.
In 2019 alone, Globe joined over 50 mobile operators worldwide in committing to disclose its environmental footprint which is a critical step in the journey to achieving net zero carbon. As part of its commitment, Globe’s headquarters and two of its office facilities are already carbon neutral through the purchase of renewable energy.
Other environment-friendly initiatives include the installation of green network solutions at Globe cell sites, building of energy-efficient data centers, and introduction of e-waste management to both internal and external stakeholders such as employees, vendor partners, clients, and customers.
In a landmark move promoting gender equality, Globe also recognized the qualified dependents of same-sex legal couples in its employee base. In respecting these unions, Globe is the first Filipino company to extend similar benefits to dependents of its employees who come from the LGBTQ+ community. The company, likewise, ensures that the health and wellbeing of its employees are taken care of especially during the pandemic through free and easy access to medical and mental health services.
Meanwhile, Globe has been coming out with the Annual Integrated Report since 2017 using key sustainability and corporate governance reporting standards. Its overall risk management framework and policy are also based on ISO 31000:2018 framework for Risk Management.
To learn more about Globe and its sustainability efforts, visit https://www.globe.com.ph/about-us/sustainability