MSCI ESG Ratings evaluate global public and select private companies on a scale from AAA (leader) to CCC (laggard), based on their exposure to industry-specific ESG risks and their ability to manage those risks relative to peers. MSCI examines governance structures, policies, targets, performance metrics, and any related controversies. Globe’s consistent “AA” rating highlights its proactive risk management and commitment to sustainable business practices.
Commitment to Decarbonization: As the first Philippine company with science-based net zero targets approved by the Science Based Targets initiative (SBTi), Globe has made significant progress in reducing its carbon footprint. In 2023, the company achieved an 18% reduction in emissions through various green initiatives, including energy management programs, increased use of renewable energy, and strategic operational changes. Globe’s 2023 GHG emissions data underwent third-party verification to ensure accuracy.
Building Digital Trust: Globe prioritizes digital trust by implementing robust cybersecurity measures, such as Risk Based Vulnerability Management (RBVM) and regular audits. Since 2015, Globe has invested approximately US$101.2 million in cybersecurity to protect customer data and maintain the integrity of its digital infrastructure.
Employee Care: Globe offers a comprehensive benefits package that exceeds mandatory government requirements. Innovative programs like the myChoice FlexBen Program allow employees to customize their benefits, while the Longevity Award Program recognizes tenured employees with company shares. The G-Evolution Program encourages employees to adopt electric vehicles, further demonstrating Globe’s commitment to sustainability. Globe has been recognized for the fourth consecutive year by HR Asia as one of the Best Companies to Work For in Asia, The Philippines Chapter (2024).
Governance and Oversight: Globe’s Board Risk Oversight and Sustainability Committee (BROSC) oversees the company’s sustainability policies, strategies, and programs, ensuring they address sustainability-related risks and opportunities effectively. Globe has also implemented ESG-linked incentives for executives and employees, fostering a culture of responsibility and excellence.
Leadership Statements:
- "Our ESG rating reflects the collective effort of our entire organization in integrating sustainability principles in the way we do business. We remain dedicated to driving positive change, not only within our company but also in the communities we serve and the nation at large,” said Yoly Crisanto, Globe’s Chief Sustainability and Corporate Communications Officer.
- “We are committed to upholding the highest standards of governance, which is integral to our overall ESG strategy. Our consistent ‘AA’ rating is a testament to Globe’s rigorous approach to compliance and governance. This recognition not only reflects our dedication to ethical business practices but also underscores our role as a responsible corporate citizen,” said Marisalve Ciocson-Co, Globe’s Chief Compliance Officer.
In the face of long-term ESG-linked risks, Globe consistently demonstrates resilience, innovation, and adaptation to the evolving landscape of digital solutions. Its commitment to sustainable business practices sets a benchmark for the industry and creates long-term value for all stakeholders. For more information on how Globe creates value, please refer to the 2023 Globe Integrated Report.
To learn more about Globe, visit Globe’s website.
Disclaimer: The use by Globe of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks, or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Globe by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
FAQs
1. What is the MSCI ESG Rating? The MSCI ESG Rating evaluates companies on their exposure to industry-specific ESG risks and their ability to manage those risks relative to peers, on a scale from AAA (leader) to CCC (laggard).
2. How has Globe achieved its ‘AA’ MSCI ESG Rating? Globe’s ‘AA’ rating is a result of its proactive risk management, robust governance structures, and commitment to sustainable business practices.
3. What initiatives has Globe undertaken to reduce its carbon footprint? In 2023, Globe achieved an 18% reduction in emissions through energy management programs, increased use of renewable energy, and strategic operational changes.
4. How does Globe ensure the security of its digital infrastructure? Globe has invested approximately US$101.2 million in cybersecurity since 2015, implementing measures like Risk Based Vulnerability Management (RBVM) and regular audits.
5. What benefits does Globe offer its employees? Globe offers a comprehensive benefits package, including the myChoice FlexBen Program, the Longevity Award Program, and the G-Evolution Program, which incentivizes employees to adopt electric vehicles.
6. How does Globe’s Board Risk Oversight and Sustainability Committee (BROSC) contribute to its ESG strategy? The BROSC oversees Globe’s sustainability policies, strategies, and programs, ensuring they effectively address sustainability-related risks and opportunities.
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