The Globe taps international experts to create a Climate Action Roadmap for Net Zero.
Globe has invested in international technology experts and software to help create its Climate Action Roadmap, which is in line with the 2021 Science-Based Target Initiative (SBTi) and is linked to Net Zero Greenhouse Gas (Net Zero Greenhouse Gas) by 2030. % Will help reduce emissions. GHG emission and Race to Zero Global Campaign by 2050.
Yoli Cresanto, Globe Chief Sustainability Officer and SVP Group Corporate Communications, shares the company’s steps to reduce carbon footprint at the recent Makati Business Club Forum on “Race to Zero: Business for the Planet”.
Globe has partnered with South Pole, an international leader in the development of climate services, solutions and carbon projects, to create its Net Zero Roadmap and to integrate Aon UK Limited’s climate-related risks and opportunities into its climate action strategy. Synergi Life by DNV, meanwhile, will automate and facilitate progress against environmental, social, and governance (ESG) data collection and targeting.
The purpose of this partnership is to strengthen the company’s direct emissions reduction (Scope 1) strategy which comes from the fuel costs of gensets and fleets and the power consumption of indirect emissions (Scope 2) cell sites and facilities.
With the help of experts, Globe will also focus on benchmarking and measuring other indirect emissions (Scope 3) from its supply chain. The task is daunting because the digital solutions platform has a nationwide network footprint, with a network of 1.1 million distributors and over 1,000 vendors, of which 70% are small and medium enterprises.
“This initiative is not easy, but it is important. If we really want to achieve Net-Zero, we can’t stay away from being involved in the supply chain. That bottom line. So the sooner we get into it the better. But we have to do it right. We have to do it right, “Crisanto said.
Globe employs its business partners, vendors, suppliers and customers through a variety of policies to ensure that sustainable practices are adopted and promoted across the value chain. After accreditation, vendors are encouraged to sign off on a universal sustainability policy under the company’s Supplier Ethics Policy (SCOE).
By adhering to the world’s best practices on climate action, the Globe sets its brand and activities to a higher standard that stakeholders can measure. In this connection, the organization regularly publishes its climate action strategies and initiatives. It has installed more than 7,400 green solutions and used more environmentally friendly alternatives. It has 14 high-energy use sites and relocated key facilities to renewable energy.
Globe is the first and only publicly-listed company in the Philippines to commit to setting science-based goals in line with the Paris Agreement’s goal of limiting global warming to 1.5 degrees Celsius. It is also a participant in the Race to Zero campaign, which aims to halve emissions by 2030 and bring it down to Net Zero by 2050.
As a result of these initiatives, the British Ambassador to the Philippines, Laure Beaufiles, has recognized the Globe as one of the country’s Race to Zero Champions.
“Race to Zero currently brings together 5,227 businesses and 441 of the world’s largest investors. In the Philippines, we are proud to include Globe Telecom. We are determined to see an increase in the number of businesses joining the alliance, demonstrating the commitment of Filipino companies to innovation and climate action, “said Boufils.
He added: “When companies advocate for a positive view of low-carbon climate change and when they take action, they also send a strong signal to the government that business supports ambitious action and needs to enable business policy.”
Meanwhile, the UN COP 26 high-level champion, who spoke on the occasion, said that change has become inevitable since the world tried to achieve net zero emissions. He advised local companies to start taking steps already to reduce their emissions.
“Depending on your sector, look for paths. You can do things like sourcing renewable energy and moving fleets to electric vehicles when buying electricity. You have no choice but to do it now, start doing that homework, ”he said.
The Globe supports the United Nations Sustainable Development Goals, in particular UN SDG No. 9, which highlights the role of infrastructure and innovation as an important driver of economic growth and development, and UN SDG No. 13, which calls for urgent action against climate change and its effects. The Globe is committed to upholding the 10 United Nations Global Compact Policies and the 10 UN SDGs. To learn more about the globe, see www.globe.com.ph
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