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Manila Bulletin devider Business devider Globe wins regional awards

Globe wins regional awards

Published Dec 19, 2022 02:53 pm

Globe Telecom Inc. won three awards at the recent ASEAN Corporate Governance Scorecard (ACGS).

The ACGS is a joint initiative of the ASEAN Capital Markets Forum (ACMF) and the Asian Development Bank (ADB) to promote integration within the region and the ASEAN as an investment asset class.

Globe was recognized among the Top 3 Philippine Publicly-Listed Companies and part of the ASEAN Top 20 and the ASEAN Asset Class – Philippines for being at the forefront of corporate governance standards and practices.

Globe bagged the same awards in the previous awarding ceremony.

“We are honored to be recognized through the prestigious ACGS Awards and rally the Philippines to be among the top corporate governance performers in the region,” stated Globe Group President and CEO Ernest Cu.

Globe was also recognized for Best Corporate Governance under the Telecom - Asia category for two consecutive years from the Ethical Boardroom Corporate Governance Awards, proving its commitment to Environment, Social, and Governance (ESG) strategies that help shape society’s sustainable future.

“At Globe, corporate governance is everybody’s business as we carry out our vision, mission, and core values in the delivery of our products and services," he explained.

"It is our duty that our customers and stakeholders feel this difference in how we perform and do business.”

The ACGS assess the top ASEAN publicly-listed companies based on market capitalization.

This is conducted using a Scorecard benchmarked against international principles and best practices.

The domestic ranking bodies (DRBs) of each participating ASEAN country lead the evaluation process of their respective domestic listed companies.

The shortlisted companies undergo a peer review process where the DRBs are assigned to review the shortlist from another participating ASEAN country.

The DRB for the Philippines is the Institute of Corporate Directors, which is also an organizer of the Awards ceremony.

Introduced in 2011, the ACGS recognizes corporate governance achievements of publicly-listed companies in the region, with the first inaugural awarding ceremony held in 2015.

Globe has been consistently on the list since then.

The telco recognizes the importance of good governance in realizing its vision and mission.

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ASEAN Corporate Governance Scorecard (ACGS) Globe Telecom
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