Globe Telecom has maintained its MSCI ESG Rating of ‘AA’ for the second consecutive year, reinforcing its status as a leader in environmental, social, and corporate governance within the telecom sector.
MSCI ESG Research assigns ratings from the leading AAA to the laggard CCC based on Globe’s management of industry-specific ESG risks and performance metrics. Globe’s sustained ‘AA’ rating highlights its effective risk management and commitment to sustainability.
The company, which was the first in the Philippines to receive Science-Based Targets initiative approval for net zero goals, achieved an 18 percent reduction in carbon emissions in 2023 through green initiatives and renewable energy use. Globe’s 2023 emissions data was third-party verified for accuracy.
Globe continues to prioritize digital security with significant investments in cybersecurity, totaling around USD101.2 million since 2015. The company also offers comprehensive employee benefits, including customizable options through its myChoice FlexBen Program and incentives for adopting electric vehicles.
“Our ESG rating reflects the collective effort of our entire organization in integrating sustainability principles into our business practices,” said Yoly Crisanto, Globe chief sustainability and corporate communications officer, in a statement.
Globe’s ESG initiatives are overseen by its board risk oversight and sustainability committee which ensures alignment with stakeholder expectations and the effectiveness of sustainability programs.
