Globe receives a rating of A in the MSCI ESG Ratings assessment
Globe has received an MSCI ESG (Environmental, Social, and Corporate Governance) rating of A, up from the “BBB” score it earned previously.
MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. MSCI’s research provides critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook.
“We are very proud that MSCI recognized our ESG efforts. This rating upgrade reflects our efforts in integrating sustainability into our business and shows we are on the right track in our practice. Moving forward, we will continue with this holistic approach to risk management in order to create value for our stakeholders, minimize risks for the company, and achieve inclusive and sustainable development for all,” said Yoly Crisanto, Globe Chief Sustainability Officer and SVP for Corporate Communications.
True to its environmental commitment to reduce its carbon footprint in support of the United Nations’ goal of achieving net zero carbon emissions by 2050, Globe undertakes a number of initiatives to use cleaner sources of energy and manage energy consumption for its offices and network as well as enhance its operational efficiency.
The company ensures compliance with its business obligations by paying proper corporate income tax ahead of time. It was cited by the Department of Finance (DOF) last April as being among the top 11 companies that complied early with their tax obligations even when the deadlines were extended twice. It also works closely with the Department of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) in ensuring that the country's state of connectivity continues to improve, aligned to global standards.
By serving a large prepaid customer base for mobile and broadband at home, as well as small and medium enterprises, Globe bridges the digital divide and ensures inclusive access to internet and communications services, including financial technology and telehealth. Truly affordable services and year round promos hugely benefit the country's underserved population.
The company also maintains a strong culture of collaboration, customer-centricity and innovation. Its employee engagement is one of the highest in the country and ranks better than global high performing organizations.
To protect its more than 80 million customers, Globe has invested in highly-advanced cybersecurity systems and proactive customer education to prevent potential data breaches and protect customer data privacy.
Globe has also placed greater emphasis on business ethics practices and exposure to risks related to corruption and has instituted anti-corruption measures including whistleblower protection and employee training on ethics standards.
Globe recognizes that sustainability goes hand in hand with corporate governance as it continues its strict adherence and commitment to good corporate governance standards and practices, also bagging a series of awards in the same area this year.
As a purpose-driven company, Globe remains committed to the 10 UN Global Compact principles and contributes to 10 of the UN Sustainable Development Goals. To know more about Globe, visit www.globe.com.ph .
MSCI Disclaimer: MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.
MSCI ESG Research provides in-depth research, ratings and analysis of the environmental, social and governance-related business practices of thousands of companies worldwide. Our research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. The MSCI ESG Ratings are also used in the construction of the MSCI ESG Indexes, produced by MSCI, Inc.