Leading digital solutions platform Globe has made it to the list of top 200 Climate Leaders in Asia Pacific based on a special report entitled “Asia-Pacific climate leaders: Which companies cut emissions?” developed by the Financial Times, Nikkei Asia, and Statista for making headway in reducing emissions intensity, coming from an evaluation of publicly disclosed data on greenhouse gas emissions and revenues reported from 2015-2020.
Globe is one of only two companies from the Philippines included in the report.
The joint initiative among the three organizations acknowledged 200 outstanding companies across the Asia Pacific region for their impressive environment, social and corporate governance (ESG) performance and continued dedication to reducing their carbon footprint.
Selection for the Climate Leaders Asia-Pacific 2022 list included months of intensive research, scrutiny of existing emissions data, public calls for participation, and direct contact with thousands of companies in the region.
According to their official release, “The survey takes account of so-called Scope 1 and Scope 2 emissions: those produced by the company itself, plus those produced in generating the energy it used. Scope 3 emissions, or indirect emissions arising in businesses’ supply chains, were excluded from the review.”
“We are happy to be recognized for our efforts in putting ESG as a priority in our organization. There’s still a lot to be done to help the country achieve its carbon reduction ambitions. We hope to serve as an example for other companies in the region to set their ambitions and work towards a net zero GHG goal,” said Yoly Crisanto, Chief Sustainability and Corporate Communications Officer at Globe.
Globe has initiated strategic initiatives to reduce its greenhouse gas emissions to net zero by 2050. It also became the first and only publicly listed company in the Philippines to commit to set science-based targets aligned to the 1.5 degrees pathway of the Paris Agreement. It has partnered with key industry experts to operationalize its climate action plans.
So far, it has deployed over 8,500 green network solutions such as fuel cell systems, direct current-hybrid generators, free cooling systems, and lithium-ion batteries that are more energy efficient and use cleaner fuel with lower emissions.
It has also shifted 14 key facilities to renewable energy and continues to buy renewable energy bundled with verified carbon offsets as part of the company’s decarbonization journey. The company looks to move more of its high-energy utilization facilities to renewable energy via Power Purchase Agreements (PPA) this year, in alignment with current provisions of government’s programs on RE.
Globe has also included sustainability as part of its sustainable power purchasing criteria. Furthermore, the company continues to engage business partners, vendors, suppliers, and customers to ensure that sustainable practices are adopted and promoted across the total value chain.
In managing its climate impact, the company is also into responsible waste management through e-waste recycling and nature-based solutions including virtual tree planting through the GForest game in the GCash app, reforestation, and mangrove conservation.
Last year, Globe formally joined the Task Force on Climate-Related Financial Disclosure (TCFD) as part of its commitment to mitigating the impact of climate change through a science-based, numbers-backed report. This will increase transparency on climate-related risks and opportunities within financial markets.
The company increased its CDP (formerly Carbon Disclosure Project) Rating to a B last year, following continuous efforts to reduce carbon emissions.
The digital solutions group’s efforts to reduce carbon emissions is part of its commitment to the United Nations Sustainable Development Goals, particularly UN SDG No. 13, which underscores the importance of climate action to save lives and livelihoods to address climate emergencies.
To see the full list of companies recognized by FT-Nikkei-Statista, view here: https://www.ft.com/reports/asia-pacific-climate-leaders.
To learn more about Globe, visit www.globe.com.ph.
Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories directly on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.
Join us on Viber to get more updates from BusinessWorld: https://bit.ly/3hv6bLA.
