November 26, 2022

Image by Tom from Pixabay

Basta Babae | Globe receives anew ‘A’ rating from MSCI ESG index in 2022 | Globe received its “A” rating anew this year from the international investment research firm MSCI ESG reflecting its strong commitment to operationalize sustainability across its business guided by global environmental, sustainability and governance standards.

MSCI ESG Research provides MSCI ESG Ratings on global public and 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’s A rating reflects a company’s mixed or exceptional track record of managing the most significant ESG risks and opportunities relative to industry peers.

“Globe as a publicly listed company takes the needs of the investing public to heart.  By carefully managing our business and ESG-related risks, we have put in place the right kind of investments to ensure that the company is able to operate sustainably while adhering to the practice of good corporate governance. To do business responsibly we have policies that recognize our impact to society and the environment. We are also committed to aligning our targets and processes with international frameworks and standards,” said Yoly Crisanto, Globe Group Chief Sustainability and Corporate Communications Officer.

At the height of the pandemic last year, Globe integrated sustainability principles into the corporate balanced scorecard to guide its different business units in living out the company’s purpose: “In everything we do, we treat people right to do a Globe of Good.”

Globe recently released ESG-linked Policy Commitments aligning its targets and processes with international frameworks and relevant local regulations.

Environment

Globe’s Environmental Sustainability Policy firms up the company’s commitment to limit global temperature increase below 1.5°C through using energy efficient technologies, alternative energy sources, and energy-saving technology and equipment. The Policy also declares Globe’s commitment to resource efficiency and natural resources conservation.

This includes the continuous effort to strive for circularity for plastic, paper, and electrical and electronic materials. To ensure that the commitments of this policy are delivered and environmental impacts are reduced, Globe shall review and improve on each management system’s performance, which includes setting targets and objectives.

These commitments are aligned with the United Nations Global Compact Principles, relevant ISO standards such as ISO 14001 and the GHG Protocol. Globe’s enterprise-wide certification on ISO 14001 on Environmental Management guides the business in the implementation of various environmental programs. Recently, Globe secured the ISO 50001 certification for Energy Management System (EnMS), which lays out a framework for carbon reduction and operational efficiency in line with its strategy to achieve Net Zero greenhouse gas (GHG) emissions by 2050.

Social

 Globe gives prime consideration to the safety and well-being of its employees, customers, partners, and the public. The Globe Health and Safety Policy affirms that the company adheres to the guidelines and standards of the Department of Health (Food and Drug Administration – Center for Device Regulation, Radiation, Health and Research) and the International Commission on Non-Ionizing Radiation Protection (ICNIRP), as recommended by the World Health Organization (WHO) and International Telecommunication Union (ITU), on acceptable electromagnetic field (EMF) exposure levels. Globe’s enterprise-wide certification on ISO 45001 on Occupational Health and Safety ensures the implementation of industry standards of safety across its operations.

As reorganization is necessary to increase operational and organizational effectiveness to stay competitive in the market while delivering the customers’ requirements, Globe also released a Policy Commitment on Responsible Management of Reorganization.

Governance 

Telecommunications has been an essential service to communicate, access and share information. The Globe Business Continuity Management Policy declares its commitment to build a resilient network infrastructure designed to reduce the likelihood of disruptions and to ensure a constant state of readiness. Globe’s enterprise-wide certification on ISO 22301 on Business Community Management ensures that community services remain available even in times of calamity.

Globe’s Tax Policy Statement contains its commitment to  comply with applicable tax laws, rules, and regulations, and contribute to find ways to support the digitization roadmap of the tax authorities.

MSCI ESG Research provides in-depth research, ratings and analysis of the environmental, social and governance-related business practices of thousands of companies worldwide. Their research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. The MSCI ESG Ratings are also used in the construction of the MSCI ESG Indexes, produced by MSCI, Inc.

To learn more about Globe Sustainability, visit https://www.globe.com.ph/about-us/sustainability.html

Image by Tom from Pixabay