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Business

Globe taps experts to build roadmap on climate action

Richmond Mercurio - The Philippine Star

MANILA, Philippines — Globe Telecom Inc. is tapping international technical experts to help build its climate action roadmap, with the aim of achieving 50 percent emissions reduction by 2030.

Globe said it has partnered with South Pole, the international leader in climate services, solutions, and carbon project development to develop its net zero roadmap.

The Ayala-led telco likewise teamed up with Aon UK Ltd. to integrate climate-related risks and opportunities into its climate action strategy.

Synergi Life by DNV, meanwhile, has been tapped to automate and simplify environmental, social, and governance data collection and progress against targets.

Globe said the partnerships are meant to strengthen the company’s strategy in reducing its direct emissions coming from fuel consumption of its gensets and fleet, as well as indirect emissions coming from electricity consumption of its cell sites and facilities.

With the help of these international experts, Globe said it would also focus on benchmarking and measuring other indirect emissions coming from its supply chain.

Globe, however, admitted that the task is daunting given that the company has a nationwide network infrastructure footprint, a network of 1.1 million distributors and over 1,000 vendors, 70 percent of which are small and medium enterprises.

“This undertaking is not easy, but it is important. We cannot get away from involving the supply chain if we are to truly achieve net-zero. That’s the bottom line. So the sooner that we get into it, the better.  But we have to do it the right way. We have to do it properly,” Globe chief sustainability officer and SVP group corporate communications Yoly Crisanto said.

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