Leading telecommunications firm Globe Telecom reaped another major accolade for its Environmental, Social and Corporate Governance (ESG) initiatives, winning the award six times for the past nine years.
Globe again won the Platinum award given by The Asset Corporate Awards, the longest-running ESG award-giving body in Asia. The company received the prestigious award in recognition of its exceptional work in the Environment, Social and Corporate Governance space.
This year also marks the sixth time that Globe Telecom won the Platinum award, having won last year and previously in 2014, 2013, 2010, and 2009. The award further highlights the company’s consistent performance when it comes to its Environment, Social and Corporate Governance efforts. The award is bestowed annually by leading research firm Asset Benchmark Research (ABR).
“We are grateful for this recognition as we strive to manage our business impact while contributing to positive social change. Embedding sustainability practices in our business guide us in our decision-making processes to further improve our service to Globe customers and delight our shareholders,” explains Yoly Crisanto, Globe Chief Sustainability Officer.
The Asset Corporate Awards consists of three categories: Platinum, Gold and Titanium. It offers a rigorous benchmarking service for listed companies in the region when it comes to corporate sustainability, which allows firms to join an exclusive and elite sphere of top corporations.
The criteria for evaluating these companies include a wide range of metrics regarding financial performance, which is also a barometer for gauging management acumen. Companies are also evaluated according to the quality of their governance, social responsibility, environmental responsibility and investor relations.
Since its inception in 2001, the Asset Corporate Awards has enabled past winners to bolster its credentials when it comes to showcasing their ESG efforts.
Nominees are first assessed through an online questionnaire submitted by the company plus supplementary information it provides. Several factors are then considered, which range from an evaluation of financial performance, management, corporate governance, social and environmental responsibility and investor relations. A point-score is awarded in each relevant category then the submissions are checked and assessed in detail.
After the initial assessment, interviews are conducted to acquire feedback, particularly from the investor community. Scores are then awarded based on this qualitative assessment, which adds additional thoroughness and objectivity to the awards.
For the final phase of the assessment, The Asset Corporate Awards editorial board carefully checks both quantitative and qualitative data to safeguard the results against any inconsistencies and maintain the awards’ integrity.