Commercial, Energy Efficiency, GHG Emissions, Solar  -  March 11, 2024

Globe's Net Zero Targets Validated by SBTi

Globe, a telecom company based in the Philippines, received the Science Based Targets initiative's (SBTi) validation and approval of its near-term and net-zero science-based greenhouse gas (GHG) emission reduction targets.

The company seeks a 42% reduction in absolute Scopes 1 and 2 GHG emissions by 2030, based on a 2021 baseline. Globe also seeks a 25% reduction in absolute Scope 3 GHG emissions within the same period. For the long term, it set a target of reducing absolute Scopes 1, 2, and 3 GHG emissions by 90% by 2050 from a 2021 baseline.

Globe's comprehensive strategy to meet its science-based targets involves a shift towards renewable energy, with 27 sites already powered by renewable sources, and the exploration of alternative energy solutions such as solar hybrid gensets and onsite solar panels.

The company has deployed over 9,000 green network solutions to minimize its environmental footprint. These technological advancements are complemented by Globe's initiatives to engage its supply chain in its sustainability efforts, including the implementation of a Supplier Code of Ethics and the integration of sustainability criteria into supplier assessments.

In June 2021, Globe committed to the SBTi's Business Ambition for 1.5°C, becoming the first Philippine company to make such a pledge. The validation of Globe's targets by the SBTi is part of the company's strategic integration of sustainability into its core operations.

"By acquiring this validation for our targets, we're not just adhering to our core values of responsible business conduct, we're also carving out a path for other companies in the Philippines to follow. We hope that we can inspire and catalyze a broader shift towards sustainable practices across industries, fostering an inclusive future where the country's business community thrives in harmony with the planet," said Yoly Crisanto, Globe Group Chief Sustainability and Corporate Communications Officer, in a statement.

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