Globe Telecom said Friday it solidified its position as an environmental, social and governance (ESG) leader in the telecom industry, securing an “AA” rating from MSCI ESG Research for the second straight year.
“Our ESG rating reflects the collective effort of our entire organization in integrating sustainability principles in the way we do business. We remain dedicated to driving positive change, not only within our company but also in the communities we serve and the nation at large,” Globe chief sustainability and corporate communications officer Yoly Crisanto said.
Marisalve Ciocson-Co, Globe chief compliance officer, said the company is committed to upholding the highest standards of governance, which is integral to our overall ESG strategy.
“Our consistent ‘AA’ rating is a testament to Globe’s rigorous approach to compliance and governance. This recognition not only reflects our dedication to ethical business practices but also underscores our role as a responsible corporate citizen,” Ciocson-Co said.
The company’s consistent “AA” rating demonstrates its proactive approach to managing risks and its dedication to sustainable business practices.
MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.
MSCI assesses governance structures, policies, targets, performance metrics, and any related controversies of companies.
Globe said that in line with its decarbonization goals, it has made significant progress in reducing its carbon footprint.
Globe implemented various green initiatives, including energy efficiency programs, increased renewable energy adoption, and operational optimizations as the first Philippine company to have its science-based net zero targets approved by the Science Based Targets initiative (SBTi).
These efforts resulted in an 18-percent reduction in emissions in 2023.
Globe said building digital trust remains another key priority. The company has invested $101.2 million in cybersecurity measures since 2015, including Risk Based Vulnerability Management (RBVM) and regular audits.
The investment underscores Globe’s dedication to protecting customer data and ensuring the integrity of its digital infrastructure.
Globe also said its care for its employees is evident in its comprehensive benefits package which exceeds mandatory government requirements.
The mobile leader offers innovative programs such as the myChoice FlexBen Program, allowing employees to customize their benefits, and the Longevity Award Program, which recognizes tenured employees with company shares.
Globe’s recent G-Evolution Program further proves its commitment to sustainability by incentivizing employees to adopt electric vehicles. The company was recently hailed for the fourth consecutive year for HR Asia Best Companies to Work For in Asia, The Philippines Chapter (2024).
