Globe has announced it has shifted another key facility in Quezon City to renewable energy, raising the number of green sites in Luzon to 14 as part of its commitment to climate action.
Globe continuously pursues partnerships and innovation to reduce carbon emissions in its network and to achieve net zero GHG emissions by 2050, an effort aligned with the historic Paris climate agreement and the Philippines’ Nationally Determined Contribution (NDC) to cut carbon emissions by 75% in 2030.
Aside from the Quezon City site, facilities with high energy utilization in Makati, Mandaluyong, San Juan, Cavite, Tarlac, Cebu, and Taguig have been using renewable energy.
“We see environmental awareness as something critical for ushering progress towards a sustainable future, and Globe is dedicated to continuing to advocate these ideals. Our vision to go beyond business is demonstrated by the addition of more sites that are proactive in addressing climate change threats,” said Rizza Maniego-Eala, Globe Chief Finance Officer.
Globe has committed to set science-based targets to achieve climate security and is the first and only publicly-listed Philippine company on the roster of the Science-Based Target initiative (SBTi).
This effort, led by the United Nations and other global organizations, pushes for corporate participation in critical climate action and enables companies to align with trajectories that will lead to net-zero emissions.
In 2019, Globe began its decarbonization journey by purchasing renewable energy through Power Purchase Agreements (PPAs) with Retail Electricity Suppliers (RES) aligned with the Philippines’ policy on clean power. It currently enrolls high-demand facilities and looks forward to shifting lower energy demand facilities with the recent policy updates.
Globe has included a sustainability criteria as part of its technical evaluation for RES. Sustainability forms more than 50% of the technical criteria and helps identify which RES can supply a facility’s electricity demand with clean energy that can be confirmed with Gold Standard-Verified Emission Reduction (VER) certificates or equivalent carbon certificates. Through this, Globe aims to encourage more investments towards clean energy.
With its major shareholder Ayala Corporation, Globe supports the Race to Zero Campaign of the United Nations Framework Convention on Climate Change (UNFCCC), the COP26 Presidency, and industry organization GSMA to cut carbon emissions by half by 2030 and eventually reach the net-zero target by 2050.
This is in line with the Paris Agreement to keep global temperature hikes to 1.5°C compared to pre-industrial levels to arrest catastrophic global warming.
Globe also supports the Task Force on Climate-Related Financial Disclosure (TCFD), which serves as its climate change blueprint for the future. This will assist in mitigating the effects of global warming by providing a scientific and data-backed study.
In 2021, Globe disclosed its climate action initiatives, activities, and programs through CDP (formerly the Carbon Disclosure Project) and received a B rating as it continues to intensify efforts to address climate change.
The company strongly supports the United Nations Sustainable Development Goals, particularly UN SDG No. 13, which underscores the importance of climate action in saving lives and people’s livelihood to address climate emergencies. Globe is committed to upholding the UN Global Compact principles and contributing to 10 UN SDGs.
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