29.5 C
Philippines
Tuesday, June 18, 2024

12:19 AM

29.5 C
Philippines
Tuesday, June 18, 2024

12:19 AM

GLOBE: Building a sustainable future by creating a positive impact on both society and the environment

Globe’s Sustainability practice is anchored on Globe Purpose, “Uplift Filipino Lives Everyday”. By aligning with global sustainability frameworks, standards, and principles such as the United Nations’ Sustainable Development Goals (UN SDGs) and UN Global Compact and industry sustainability ambitions, the company is able to collaborate with its stakeholders to deliver positive societal and environmental impact. Globe is focused on addressing its material topics by scaling the integration of its sustainability practices within its business units, portfolio companies, and across the value chain.

Progress towards sustainability ambitions are disclosed in the Globe Sustainability website (https://www.globe.com.ph/about-us/sustainability.html) and in the annual Integrated Report (https://www.globe.com.ph/about-us/sustainability/integrated-report.html#gref). The 2023 Integrated Report is guided by the principles of the following frameworks:

  • Reference to the Global Reporting Initiative (GRI) standards
  • International Integrated Reporting Council (IIRC) Framework
    • Sustainability Accounting Standards Board (SASB)
    • Task Force on Climate-related Financial Disclosures (TCFD) recommendations
    • United Nations Global Compact (UNGC) Principles
    • United Nations Sustainable Development Goals (UN SDGs)
    • Securities and Exchange Commission (SEC) recommendations
      • Integrated Annual Corporate Governance Report (i-ACGR)
      • Sustainability Reporting Guidelines
    • GSMA ESG Metrics for Mobile

The annual integrated report is in compliance with the recommendations made in the Philippines SEC Memorandum Circular No. 4, series of 2019 on Sustainability Reporting for Publicly-Listed Companies (PLCs) and has undergone third-party external assurance for select sustainability metrics and GHG accounting conducted by DNV Business Assurance Singapore Pte. Ltd.

1Q 2024 Sustainability Updates

ENVIRONMENT

Sustainability Ambition1Q 2024 Milestones
Overall: Reach net-zero greenhouse gas emissions across the value chain by 2050 Near Term: 42% absolute reduction target in Scope 1 and 225% absolute reduction target in Scope 3 Long Term:Science Based Targets initiative’s (SBTi) Approval Globe has made history as it becomes the first publicly listed company in the Philippines to get the Science Based Targets initiative’s (SBTi) validation and approval of its near-term and net-zero science-based greenhouse gas (GHG) emission reduction targets. https://www.globe.com.ph/about-us/newsroom/corporate/first-publicly- listed-philippine-company-validated-by-sbti#gref Net Zero Progress In 2022 and 2023, Globe achieved a 4.42% and 18.16% reduction of its combined Scope 1 and 2 greenhouse gas (GHG) emissions, respectively, which is attributable to the company’s energy efficiency programs, continued shift to renewable energy sources, transfer of data center ownership to STT GDC Philippines, and tower sale and leaseback. More details can be found on pages 140-159 of the 2023
90% absolute reduction target in Scope 1 and 290% absolute reduction target in Scope 3Globe Integrated Report and pages 176-178 for the                                                                                   Independent Verification Statement for the GHG emissions data of the company. https://www.globe.com.ph/about-us/sustainability/integrated-report.htm l#gref   Emission Reduction Measures Globe has successfully completed its innovative pilot program featuring hybrid solar power, marking a major step forward in greener network operations. The program, which ran from 2022 to 2023, focused on integrating hybrid solar power across 26 diverse Globe sites – three in the National Capital Region (NCR), 17 in South Luzon, and six in Mindanao. https://www.globe.com.ph/about-us/newsroom/sustainability/globe-co mpletes-pilot-run-hybrid-solar-power#gref

SOCIAL

Sustainability Ambition1Q 2024 Milestones
Promote digital skills and online safety to enable the digital-first FilipinoDigital Skills Ernest Cu, President and CEO of Globe, has called on Filipino senior citizens to embrace new technology, saying tech-driven solutions are designed to make day-to-day life easier. To bridge this digital divide, Globe is helping Filipino seniors overcome the tech barrier, launching the Globe #SeniorDigizen campaign through a learning session on January 25. The event will gather over 200 senior citizens at the SM North Sky Dome, where they will learn the basics of using smartphones, setting up an email account, and using apps such as GCash, KonsultaMD and the GlobeOne app. https://www.globe.com.ph/about-us/newsroom/corporate/ernest-cu-urges -seniors-to-go-digital#gref
 Gathering at least 200 senior citizens in half a day of enriching tech learning, the #SeniorDigizens event is backed by some of the biggest brands in tech and retail, and by senior citizen advocates from the government. https://www.globe.com.ph/about-us/newsroom/corporate/globe-group-loc al-partners-turn-lolo-lola-into-seniordigizens#gref
 In the campaign kickoff happening on January 25, Google is providing crucial support for Globe’s “Senior Digizen: Teach Me How to Digi,” a free learning session on the use of vital mobile apps and online safety. At the learning session, Google Telco Sales Coach Odel Hernandez will walk participating seniors through creating a Gmail account and using its safety features. Email accounts are commonly used in signing in to other apps and digital tools. https://www.globe.com.ph/about-us/newsroom/consumer/globe-group-go ogle-team-up-digitize-elderly-seniordigizen-campaign#gref
 Globe has partnered with 15 schools and universities across Visayas and Mindanao to empower the youth through invaluable practical knowledge, opportunities for skills development, and career exploration. The Globe Hashira industry-academe program is structured around three core pillars: Atin ang Opportunity, Atin ang Sustainability, and Atin ang Connectivity. Each pillar is designed to address different aspects of student development.
https://www.globe.com.ph/about-us/newsroom/corporate/globe-partners- 15-vismin-universities-shape-future-ready-youth#gref
 
SIM Registration
Globe has completed major improvements to its SIM registration channels aligned with the company’s commitment to protect customer identities and deter fraudulent activities. The measures include implementing advanced encryption protocols to secure data transmitted during the registration process and introducing live photo capture technology to prevent the use of stock or pre-existing photos. https://mb.com.ph/2024/3/7/globe-enhances-sim-registration-channels-to
-protect-user-data-combat-fraud
 
Ethical use of Artificial Intelligence
Amid the rapid growth of artificial intelligence (AI), Globe tackled the need for ethical practices and human oversight over the technology in an insightful discussion with students at the recent Mapua Malayan Colleges Mindanao (Mapua MCM) Career and Internship Fair. https://www.globe.com.ph/about-us/newsroom/corporate/globe-undersco res-need-for-ethical-ai#gref
Empowering Communities Towards Sustainable DevelopmentHapag Movement With the help of local community groups, the Hapag Movement and its implementing partner Ayala Foundation recently brought supplemental feeding to 4,500 students in 21 schools across four municipalities in Basilan. The province has a “relatively high” poverty rate at 46.9%, according to a 2023 report by the Philippine Statistics Authority. https://www.globe.com.ph/about-us/newsroom/sustainability/the-hapag- movement-brings-meals-to-beneficiaries-basilan#gref   Relief Assistance Globe swiftly mobilized relief operations and communication support to assist families and individuals affected by severe flooding in the Davao del Norte and Davao de Oro lowlands in January. https://www.globe.com.ph/about-us/newsroom/sustainability/malasakit-t o-customers-seen-in-aftermath-davao-floods#gref

GOVERNANCE

Sustainability Ambition1Q 2024 Milestones
Maintain or increaseEnvironment-related Disclosure
ESG RatingsAffirming    its    commitment    to    environmental                   stewardship             and sustainability, Globe has maintained its CDP (formerly Carbon Disclosure Project) score of “B” for the third consecutive year, the highest among Philippine telcos in 2023.
https://www.prnewswire.com/apac/news-releases/globe-gets-b-cdp-score- for-three-straight-years-302078430.html
ESG-linked Recognitions Globe, a sustainability leader in the Philippine telco industry, won the All-Optical Technology Innovation and Digital Enablement award from global industry leader IDATE for its contributions to reducing carbon emissions. https://www.globe.com.ph/about-us/newsroom/sustainability/globe-won-t he-all-optical-technology-innovation-and-digital-enablement-award-from -global-industry-leader-idate#gref   Globe has clinched the top position as the Philippines’ most valuable telecom brand and also secured 7th place in the ASEAN region, based on the Brand Finance Telecoms 150 2024 report. https://www.globe.com.ph/about-us/newsroom/corporate/globe-is-ph-mo st-valuable-telecom-brand#gref   The Company also bagged the prestigious ESG Initiative of the Year Award for the Philippines at the Asian Telecom Awards 2024, highlighting the company’s steadfast commitment to integrating Environmental, Social, and Governance (ESG) principles into its operations. https://www.globe.com.ph/about-us/newsroom/sustainability/esg-initiativ e-of-the-year-award-2024#gref