Globe Telecom Maintains 10-Year Run on FTSE4Good Index

Globe Telecom Inc.: A Decade of Commitment to Sustainability and ESG

Globe Telecom Maintains 10-Year Run on FTSE4Good Index

Globe Telecom Inc., a leading telecommunications company in the Philippines, has demonstrated a steadfast commitment to Environmental, Social, and Governance (ESG) practices, retaining its inclusion in the FTSE4Good Index Series for an impressive tenth consecutive year.

A Strategic Embrace of Sustainability

Globe's approach to sustainability and ESG is deeply rooted in its operations, reflecting a strategic integration of these principles to drive long-term value creation. Over time, the company's sustainability journey has evolved, transitioning from compliance efforts to a more proactive and strategic pursuit.

Key Initiatives

• Renewable Energy and Emissions Reduction: Globe has made significant strides in increasing its renewable energy share, growing from 14% to 24% between 2021 and 2024. Notably, it launched its first fully solar-powered cell site on Taganak Island in 2024, a move that not only reduces emissions but also supports biodiversity[1].
• Science-Based Targets (SBTi) Validation: Globe has set a net-zero emissions target by 2050, a commitment validated by the Science-Based Targets initiative (SBTi). This ambition aligns with the company's efforts to decarbonize operations and achieve validated near-term GHG emissions reduction targets[4].
• Workplace Inclusion and Community Engagement: Alongside environmental initiatives, Globe focuses on promoting workplace inclusion and fostering community engagement as part of its broader sustainability strategy[3].

Recognition and Governance

Globe's robust ESG performance has earned it recognition beyond its industry. The company has been included in the FTSE4Good Index Series for ten consecutive years, a testament to its embedding of sustainability into its business model[2][3]. This index, created by FTSE Russell, evaluates criteria such as corporate governance, climate change mitigation, health and safety, and anti-corruption[2][3].

In terms of governance, Globe ensures that sustainability is ingrained into its corporate culture. The board provides oversight on ESG-linked risks and opportunities, and employees are incentivized with 10% of their performance metrics tied to sustainability goals[2][3].

Transparency and Accountability

Globe publishes an annual integrated sustainability report that includes third-party assured data on greenhouse gas emissions, demonstrating transparency and accountability in its sustainability practices[3]. This report can be accessed at https://www.globe.com.ph/about-us/sustainability/integrated-report.

A Long-Term Commitment

Carl Cruz, Globe's President and CEO, stated that sustainability is a long-term commitment for the company. Globe's commitment includes decarbonizing operations and value chain to achieve net-zero by 2050[3]. The company's dedication to sustainability is further underscored by its appointment of a Chief Sustainability Officer and alignment with global sustainability principles[3].

Engaging Communities for Positive Impact

Beyond its internal practices, Globe engages communities to deliver positive societal impact. This commitment to community engagement is a key component of Globe's broader sustainability strategy[3].

In summary, Globe Telecom Inc.'s approach to sustainability and ESG is characterized by a strategic commitment to environmental stewardship, social responsibility, and governance excellence. This commitment, which has been recognized for a decade, contributes to Globe's long-term resilience in emerging markets.

[1] Globe Telecom. (2024). First Solar-Powered Cell Site Launched. [2] FTSE Russell. (n.d.). FTSE4Good Index Series. [3] Globe Telecom. (n.d.). Sustainability Report 2023. [4] Science Based Targets initiative. (n.d.). Globe Telecom.

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