Globe gains highest rating

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Globe Telecom Inc. has achieved a ratings upgrade to AA from MSCI, marking the highest rating among companies and within the telco industry in the Philippines to date.

“This MSCI AA rating is a testament to Globe’s steadfast commitment to sustainability practices, and a historic feat for the Philippines in itself. As we put our sustainability ambitions into action and embed its principles in the way we do business, we are proud to set the benchmark for ESG (environmental, social and governance) practices in the industry and the country,” said Yoly Crisanto, Globe Group chief sustainability and corporate communications officer.

MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.

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These evaluations are based on governance structures, policies, targets, quantitative performance metrics and any relevant controversies.

The firm’s ESG Research aims to provide investors with insights into the ESG risks and opportunities of companies worldwide.

With Globe’s upgrade from BBB to A in 2020, and now to AA, it is recognized as an ESG leader, effectively managing its exposures to ESG risks.

On the environmental front, Globe said it has shown exemplary leadership in climate action. As the first publicly-listed company in the country to commit to set science-based targets through the Science-Based Target initiative, Globe aims to halve greenhouse gas emissions by 2030 and achieve Net Zero emissions by 2050.

In 2022, Globe surpassed its target by reducing 4.42 percent of its carbon emissions, as a result of shifting towards renewable energy, investing in energy-efficient technologies, and deploying green solutions across its network.

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