INTELLIGENT BRANDS // Green Technology

History made as first publicly listed company in the Philippines earns Science Based Targets initiative ’ s ( SBTi ) validation and approval of its near-term and net-zero science-based greenhouse gas ( GHG ) emission reduction targets .

This milestone underscores Globe ’ s commitment to climate action by aligning its operational strategies with the global imperative to limit warming to 1.5 ° C above pre-industrial levels – consistent with the goals of the Paris Agreement and the UNbacked Race to Zero campaign .

The validation of Globe ’ s targets by the SBTi is part of the company ’ s strategic integration of sustainability into its core operations .

In June 2021 , Globe positioned itself at the forefront of corporate environmental responsibility by committing to the SBTi ’ s Business Ambition for 1.5 ° C – becoming the first Philippine company to make such a pledge .

Globe aims for a 42 % reduction in absolute Scopes 1 and 2 GHG emissions by 2030 , based on a 2021 baseline and a 25 % reduction in absolute Scope 3 GHG emissions within the same period .

For the long term , it has set an even more ambitious target of reducing absolute Scopes 1 , 2 , and 3 GHG emissions by 90 % by 2050 from a 2021 baseline .

“ By acquiring this validation for our targets , we ’ re not just adhering to our core values of responsible business conduct , we ’ re also carving out a path for other companies in the Philippines to follow .

“ We hope that we can inspire and catalyze a broader shift towards sustainable practices across industries , fostering an inclusive future where the country ’ s business community thrives in harmony with the planet ,” said Yoly Crisanto , Globe Group Chief Sustainability and Corporate Communications Officer .

Globe ’ s comprehensive strategy to meet its science-based targets involves a shift towards renewable energy , with 27 sites already powered by renewable sources and the exploration of alternative energy solutions such as solar hybrid gensets and onsite solar panels .

The company ’ s deployment of over 9,000 green network solutions further exemplifies its commitment to minimizing its environmental footprint .

These technological advancements are complemented by Globe ’ s initiatives to engage its supply chain in its sustainability efforts , including the implementation of a Supplier Code of Ethics and the integration of sustainability criteria into supplier assessments .

Globe says its sustainability journey emphasizes not only the establishment of ambitious targets but also the critical importance of transparency and accountability . The company commits to regular public disclosures on its progress towards emissions reduction , adhering to the SBTi ’ s criteria and recommendations .

Globe ’ s dedication to embedding sustainability into its business exemplifies is recognized as an example of how corporate achievements and environmental stewardship can coexist – establishing a standard for ethical corporate practices in the face of worldwide environmental challenges . p

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