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Globe bats for 'green' economy

Published Oct 12, 2022 10:56 am

The Globe Group this Wednesday, Oct. 12, announced it will work with the government in “greening” the economy as the Philippines recovers under the new normal.

“Globe has been at the forefront of integrating sustainable practices in our operations," Chief Sustainability and Corporate Communications Officer Yoly Crisanto stated.

"We are in full support of the government’s call to steer the country towards a green economy, and we are ready to share our best practices and industry-leading systems and innovations to see this to fruition on a national scale,” she elaborated.

For years, Globe advocated sustainable practices, committing to the United Nations Sustainable Development Goals since it came into force in 2016, with particular focus on SDG 13 Climate Action to mitigate the impact of climate change.

Globe Group ready to work with government on ‘greening’ economy

It is also a signatory to the United Nations Global Compact (UNGC), supporting the 10 UNGC principles including environmental sustainability.

Globe is the first and only Philippine publicly-listed company to commit to set targets through the Science Based Target initiative (SBTi), aligned with the Paris Agreement

The SBTi aims to limit global warming to 1.5 degrees Celsius.

Globe is also a participant in the Race to Zero UN-backed global campaign, rallying non-state actors to halve global emissions by 2030 and deliver a healthier, fairer zero-carbon world by 2050.

The company started greening its network in 2012 after recognizing the need to manage the environmental impact of its business.

Globe has deployed over 8,500 green network solutions such as fuel cell systems, direct current (DC) Hybrid Generators, free cooling systems, and lithium-ion batteries to achieve energy and resource efficiency in its cell sites.

These solutions use cleaner fuel with lower emissions, consume less diesel fuel, and provide energy-efficient heat removal.

In 2019, Globe started buying renewable energy through Power Purchase Agreements (PPA) aligned with the Philippines’ policies on renewable energy.

To date, it has 14 key facilities running on 100% renewable energy and looks to add more sites this year, aligned with the government program on access to renewable energy for end-users.

In 2021, it also committed to support the framework set by the globally-recognized Task Force on Climate-Related Financial Disclosures (TCFD) and vowed to abide by its recommendations for effective climate-related disclosures.

Globe received a higher B rating in 2021 from the CDP (formerly Carbon Disclosure Project), as it continues to intensify efforts to address climate change.

The company discloses its environmental impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform for investors, companies, cities, states, and regions.

This year, Globe will participate in the Global Climate Action Fund (GCAF) in Seoul, South Korea.

The GCAF, established by W-Foundation, an official partner of the United Nations Framework Convention on Climate Change (UNFCCC), forms an alliance of various stakeholders to discover and support global climate action technologies and ideas.

Globe believes that collective effort is key in achieving our shared vision for developing and implementing innovative technologies for climate action.

Furthermore, the company strives for business resiliency to ensure it delivers connectivity even in times of severe climate impact across the Philippines, which stands among the countries most vulnerable to disasters.

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