Telco joins over 50 mobile firms global in binding to disclose climate impacts

Globe, as part of Singtel group,  joins more than 50 mobile operators from all over the world in addressing the growing problem of climate change through a commitment to disclose the impact of its operations on the environment using the internationally-recognized CDP global disclosure system.

This is part of a major GSMA-led initiative to develop a mobile industry climate action roadmap that will  create a decarbonization pathway for the mobile sector by February next year. The end-goal is to achieve net-zero greenhouse gas (GHG) emissions by 2050 aligned with the aim of the Paris Agreement in 2016 to  reduce the risks and harmful effects of climate change by limiting the increase of the global average temperature to 1.5 degrees celsius.

By reporting its climate impacts via the CDP system, Globe will enable full transparency of its initiatives to investors, customers and other stakeholders which the company already started locally in 2008 when it released its first sustainability report.  In 2017, Globe shifted to an integrated annual and sustainability reporting in accordance with the Integrated Reporting Framework by the International Integrated Reporting Council (IIRC).  The Globe integrated report carried disclosures consistent with the Global Reporting Initiative (GRI) Standards, United Nations’ Sustainable Development Goals, ASEAN Corporate Governance Scorecard Principles and the Securities and Exchange Commission (SEC) Integrated Annual Corporate Governance Report (i-ACGR).

“Globe is one with the GSMA in this important endeavor towards alleviating the impacts of climate change.  As a telecom operator with a footprint covering two-thirds of the country’s population and thousands of cell sites nationwide, we have a responsibility to demonstrate high standards of environmental management and stewardship in order to reduce our impact while we continue to transform the lives of people with technology and mobile solutions,” said Ernest Cu, Globe President and CEO. Globe recently became a signatory to the United Nations Global Compact, committing to implement universal sustainability principles.

In line with its environmental sustainability program, Globe remains compliant to various regulatory requirements and has undertaken green initiatives to continuously reduce its carbon footprint in its network operations. In 2019, Globe received an enterprise-wide Integrated Management System (IMS) certification on Environmental Management  (ISO 14001:2015), Occupational Health and Safety (ISO 45001:2018), and Business Continuity (ISO 22301:2012) assessed by BSI Singapore, Inc.  Globe also complies regularly with the Environmental Impact Statement system of the Department of Environment and Natural Resources (DENR).

Globe will further upgrade its infrastructure to make it sustainable with increased resource-use efficiency and greater adoption of clean and environmentally-sound technologies  to realize a 30% reduction of CO2 emission intensity based on 2017 levels.(PR)