Company pushes forward on its Net Zero goals through strategic renewable energy sourcing
In celebration of World Environment Day, Globe is charging ahead on its climate action goals by expanding its use of clean energy to power a total of 33 high-energy utilization sites and marking a significant milestone with the company’s first-ever batch of renewable energy-powered sites in Mindanao.
This marks another step forward in Globe’s mission to decarbonize its operations and champion sustainability, one site at a time.
“Renewable energy has been a real, operational commitment for us for the past six years,” said Yoly Crisanto, Chief Sustainability and Corporate Communications Officer at Globe. “Each site we shift to clean power isn’t just about reducing emissions – it’s about building a future-proof network that puts people and planet first.”
Through its partnerships with licensed Retail Electricity Suppliers (RES), Globe is sourcing energy from off-site solar, wind, hydropower, and geothermal plants through the electricity grid under the Retail Competition and Open Access (RCOA) and the Green Energy Option Program (GEOP). As of the moment, GEOP can be tapped for facilities with a monthly average peak demand of 100 kilowatts or greater, and RCOA for those with 500 kilowatts or greater. These allow high-energy utilization sites and facilities to directly contract with retail electricity suppliers of renewable electricity.
As a result, the share of renewable energy in Globe’s overall electricity consumption grew from 14% in 2021 to 24% in 2024. This includes the company’s corporate offices and mixed-use facilities, which are now also powered by clean energy.
Over the next two years, Globe plans to power more than 150 sites with renewable energy through Power Purchase Agreements (PPA), on-site solarization, as well as leveraging the Retail Aggregation Program (RAP). The RAP is a scheme where two or more end-users with installed meters within a contiguous area are joined together to share the benefits of the RCOA program. These initiatives further deepen the company’s commitment to decarbonization and the clean energy transition.
These initiatives support the company's Science-Based Targets initiative (SBTi) approved commitment: to reduce Scopes 1 and 2 emissions by 42% and cut Scope 3 emissions by 25% in 2030, based on the 2021 baseline. By 2050, the company aims to reduce absolute emissions across all three scopes by 90%.
Globe’s efforts also support the Philippines’ Nationally Determined Contribution to the Paris Agreement by helping increase demand for clean energy and reduce the country’s greenhouse gas emissions.
Public Company Information:
PSE: GLO
