Globe’s ESG Efforts Recognized by FTSE4Good Index for 6th Consecutive Year
Globe marked another milestone with its inclusion in the distinguished FTSE4Good Index Series for the sixth consecutive year. This proved the telco’s unwavering commitment to environmental, social, and governance (ESG) practices aligned with global benchmarks.
Administered by the Financial Times Stock Exchange-Russell Group (FTSE), the index measures the performance of businesses around the world that demonstrate strong ESG practices.
Investors and market participants utilize the index to create and assess responsible investment funds and other products, and identify environmentally and socially sustainable companies. It is also used 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.
Globe’s continued inclusion in the FTSE4Good Index results from its dedication to “walk the talk” when it comes to its ESG targets.
“We are committed to continue improving our sustainability practice even as we grow our business. Aside from hitting our ESG targets, our ambition is to create a positive impact on our communities and uplift the lives of our customers. Being a part of the FTSE4Good Index tells us we have chosen the right path and will strive to do even better,” said Yoly Crisanto, Globe Chief Sustainability Officer and SVP for Corporate Communications.
Sustainability at Globe is anchored on its purpose of “treating people right to do a Globe of Good” as it aims to contribute to 10 United Nations Sustainable Development Goals guided by the UN Global Compact Principles. By combining innovation with the power of collaboration among stakeholders, Globe hopes to deliver impactful, inclusive, and sustainable development for all.
This year, the company integrated sustainability principles in its corporate balance scorecard to help guide its different business units. Globe has four key sustainability pillars: Care for the Environment, Care for People, Digital Nation, and Positive Societal Impact.
Stepping up its advocacy on the environment, Globe recently became the first and only Philippine company listed by the Science-Based Targets initiative (SBTi) that committed to emission reductions in its operations as part of its climate action. It has joined the UN-backed #RaceToZero campaign to deliver a healthier, fairer zero-carbon world by 2050. Globe aims to reduce carbon emissions by 30% by 2030 and reach net-zero emissions in 2050.
Since 2019, the company has shifted to buying energy directly from power sources producing renewable energy and today, its headquarters and six offices and facilities are powered through it. Globe has also adopted green network solutions at its cell sites and has deployed over 7,400 of these solutions since 2014.
Through its Globe University, employees are provided access to sustainability-related training, resulting in a high-performing workforce aligned with the company’s vision. Globe adheres to international Occupational Health and Safety standards (ISO 45001) to ensure the well-being of its workforce.
For more information about Globe’s sustainability practices, visit https://www.globe.com.ph/about-us/sustainability.html.