Intensifying its advocacy for climate action, Globe became the first and only Filipino company listed by the Science-Based Target (SBTi) initiative to commit to Business Ambition for 1.5 and officially joined as a participant. to Race to Zero. The company has supported the global #RacetoZero campaign, led by the United Nations Framework Convention on Climate Change (UNFCCC) and the presidency of COP26, and the GSMA, an international mobile industry body, since its launch in 2020 .
Globe’s commitment to setting science and net zero emissions targets by 2050 is in line with the Paris Agreement and the #RacetoZero campaign. The Paris agreement aims to limit global warming to 1.5 degrees Celsius above pre-industrial levels. Race to Zero is the UN-backed global campaign bringing together non-state actors – including businesses, cities, regions, financial and educational institutions – to take decisive and immediate action to halve global emissions from ‘by 2030 and create a healthier and fairer zero carbon world by 2050.
All members are committed to achieving the same overall goal of reducing emissions in all areas, quickly and fairly, in line with the Paris Agreement, with transparent action plans and strong short-term targets. Led by Nigel Topping and Gonzalo Muñoz, high-level climate champions for climate action, Race To Zero mobilizes actors outside of national governments to join the Alliance for Climate Ambition, which was launched at the Climate Action Summit 2019 of the SGNU by the President of Chile, Sébastien Piñera.
Its sister campaign – Race to Resilience – was launched at the 2021 Climate Adaptation Summit. This is the UN-backed global campaign to catalyze a radical change in global ambition for climate resilience, prioritizing people and nature in pursuit of a resilient world where we do not. let’s not only survive climatic shocks and stresses, but thrive in spite of them. .
“We recognize the critical need to take action now to tackle climate change. The looming crisis is already threatening people, businesses and economies around the world. Companies like ours have a vital role to play, using innovations, technologies and expertise to decarbonize our operations and serve as a guide for other organizations to follow, ”said Ernest L Cu, President and CEO of Globe management.
Over the next 24 months, Globe will set verifiable scientific targets through SBTi, which will independently assess the company’s direct and indirect emission reduction targets. SBTi allows private companies to set science-based emission reduction targets. It is a partnership between CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Direct emissions include on-site fuel combustion from company-owned vehicles and generators, while indirect emissions cover the organization’s electricity purchases and use.
Paul Simpson, CEO of CDP, one of SBTi’s partners, said: “The science is clear: to limit the catastrophic impacts of climate change, we need to ensure that warming does not exceed 1.5 ° C. Ambition is high, but it is achievable – and science goals give companies a roadmap to get there. Businesses around the world have an unprecedented opportunity to be at the forefront of the transition to a net zero economy – and there is no time to waste. “
Globe has made significant progress towards its sustainability goals in recent years. Since 2019, the company has turned to purchasing energy directly from power plants producing renewable energies. Today, its head office in Taguig, as well as six offices and facilities in Makati, Quezon City, Tarlac and Cebu, are powered by renewable energy. Other sites are expected to start operating with alternative energy sources.
Likewise, the company has deployed more than 7,400 green grid solutions such as hybrid generators, free cooling systems and lithium-ion batteries to reduce its carbon footprint while opting for renewable energy solutions such as solar panels and fuel cells at its cell sites.
These initiatives complement the company’s continued implementation of the internationally recognized environmental management system (ISO 14001: 2015) as part of Integrated Management Systems (IMS). IMS also covers process quality and occupational health and safety across the organization.
To ensure sustainability best practices, Globe earlier this year announced its support for the Climate-Related Financial Disclosure Task Force (TCFD), which forms the basis of the company’s strategy on climate change. climate change.
“The status quo is no longer an option. Setting and achieving science-based goals will help protect our consumers and ourselves from future disruption. The zero-carbon transformation of Globe’s business is already opening up many economic opportunities, improving competitiveness, creating jobs and sustainable growth. Doing good is good business sense, ”added Cu.
From waste management to electronic SIM cards to cashless transactions, the company’s wide range of sustainability programs make operations more efficient and generate new revenue streams.
This pledge coincides with Philippine Environment Month. As part of this celebration, Globe encourages Filipinos to participate in climate action by properly disposing of electronic waste (e-waste). Globe At Home rewards its customers who trade in their existing devices for new advanced WiFi units with its “Swap and Save” campaign. Customers will receive a 500 peso discount for Globe MyFi LTE-Advanced and Home Prepaid WiFi LTE-Advanced devices when they deposit their prepaid Globe MyFi, WiFi key or Home Prepaid WiFi at any of the 48 participating Globe stores on or before August 21 this year.
Globe’s SBTi commitment supports the United Nations Sustainable Development Goals (United Nations SDGs), in particular United Nations SDG 13 calling for urgent action to combat climate change and its impacts.
To learn more about how to make a Globe of Good and Make a Difference, visit https://www.globe.com.ph/about-us/sustainability.html.
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