Globe Group Ready To Work With Government On ‘Greening’ Economy
Supports PH national agenda on Environmental Resilience
The Globe Group, the country’s leading digital solutions platform, stands ready to work with the government in “greening” the economy as the Philippines treads the path of recovery towards a new and better normal.
Through pioneering innovations, collaboration, and sharing of best practices, the Globe Group’s united stance towards a more sustainable way of doing business is well aligned with President Ferdinand Marcos Jr.’s call for private sector support towards a green economy.
“Globe has been at the forefront of integrating sustainable practices in our operations. We are in full support of the government’s call to steer the country towards a green economy, and we are ready to share our best practices and industry-leading systems and innovations to see this to fruition on a national scale,” said Yoly Crisanto, Chief Sustainability and Corporate Communications Officer of the Globe Group.
For years, Globe has been a staunch advocate of sustainable practices. It has committed to support the United Nations Sustainable Development Goals since it came into force in 2016, with particular focus on SDG 13 Climate Action to mitigate the impact of climate change. It is also a signatory to the United Nations Global Compact (UNGC), committing to support the 10 UNGC principles including environmental sustainability.
Globe is the first and only Philippine publicly-listed company to commit to set science-based targets through the Science Based Target initiative (SBTi), aligned with the Paris Agreement, which aims to limit global warming to 1.5 degrees Celsius. It is also a participant in the Race to Zero UN-backed global campaign, rallying non-state actors to halve global emissions by 2030 and deliver a healthier, fairer zero-carbon world by 2050.
The company started greening its network in 2012 as it recognized the need to manage the environmental impact of its business.
Globe has deployed over 8,500 green network solutions such as fuel cell systems, direct current (DC) Hybrid Generators, free cooling systems, and lithium-ion batteries to achieve energy and resource efficiency in its cell sites. These solutions use cleaner fuel with lower emissions, consume less diesel fuel, and provide energy-efficient heat removal.
In 2019, Globe started buying renewable energy through Power Purchase Agreements (PPA) aligned with the Philippines’ policies on renewable energy. To date, it has 14 key facilities running on 100% renewable energy and looks to add more sites this year, aligned with the government program on access to renewable energy for end-users.
In 2021, it also committed to support the framework set by the globally-recognized Task Force on Climate-Related Financial Disclosures (TCFD) and vowed to abide by its recommendations for effective climate-related disclosures.
Globe received a higher B rating in 2021 from the CDP (formerly Carbon Disclosure Project), as it continues to intensify efforts to address climate change. The digital solutions platform discloses its environmental impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform for investors, companies, cities, states, and regions, to show its commitment to environmental transparency.
In 2022, the company committed to participate in the Global Climate Action Fund (GCAF) in Seoul, South Korea. The GCAF was established by W-Foundation, an official partner of the United Nations Framework Convention on Climate Change (UNFCCC), to form an alliance of various stakeholders in discovering and supporting global climate action technologies and ideas. Globe believes that collective effort is key in achieving our shared vision for developing and implementing innovative technologies for climate action.
As a company, Globe also aims for business resiliency to ensure it delivers consistent and reliable connectivity even in times of severe climate impact across the Philippines, which stands among the countries most vulnerable to disasters.