Globe Telecom Inc. is investing in international technical experts and software for a climate action roadmap meant to cut its emissions by half in 2030.
The move is aligned with the Science Based Target Initiative (SBTi) set in 2021 leading to Net Zero Greenhouse Gas (GHG) emissions by 2050.
It’s a “daunting task”, given the telco’s nationwide network infrastructure footprint, its 1.1 million distributors and over 1,000 vendors, 70 percent of them being small and medium enterprises.
“This undertaking is not easy, but it is important,” Globe Chief Sustainability Officer and SVP Group Corporate Communications Yoly Crisanto underscored.
“We cannot get away from involving the supply chain if we are to truly achieve net-zero. That’s the bottom line,” she explained.
“So the sooner that we get into it, the better. But we have to do it the right way. We have to do it properly.”
Globe partnered with South Pole, the international leader in climate services, solutions and carbon project development, and with Aon UK Limited.
In addition, Synergi Life by DNV will automate and simplify the telco’s Environmental, Social, and Governance (ESG) data collection and progress against targets.
The partnerships will strengthen the company’s strategy in reducing its direct emissions (Scope 1) coming from fuel consumption of its gensets and fleet and indirect emissions (Scope 2) coming from electricity consumption of its cell sites and facilities.
With the experts’ assistance, Globe will also focus on benchmarking and measuring other indirect emissions (Scope 3) coming from its supply chain.
The telco engages its business partners, vendors, suppliers, and customers through several policies to ensure that sustainable practices are adopted and promoted across the value chain.
Upon accreditation, vendors are encouraged to sign off to universal sustainability principles under the company’s Supplier Code of Ethics (SCOE).
By adhering to global best practices on climate action, Globe puts its brand and operations at a higher standard that stakeholders can measure.
In connection with this, the company regularly discloses its climate action strategy and initiatives.
So far, it has deployed over 7,400 green solutions and uses more environmentally friendly alternatives.
It has also shifted 14 high-energy utilization sites and key facilities to renewable energy.
Globe is the first and only publicly-listed company in the Philippines to commit to setting science-based targets aligned with the Paris Agreement’s goal of limiting global warming to 1.5 degrees Celsius.
It is also a participant in the Race to Zero campaign, which aims to halve emissions by 2030 and reduce them to Net Zero by 2050.
As a result of these initiatives, British Ambassador to the Philippines Laure Beaufils recognized Globe as one of the Race to Zero champions in the country.
“Race to Zero currently mobilizes 5,227 businesses and 441 of the world’s biggest investors. In the Philippines, we are proud that this includes Globe Telecom,” he noted.
“We are determined to see the number of businesses joining the coalition increase, demonstrating the innovation of Filipino companies and their commitment to climate action,” Beaufils concluded.