Globe has made history as it becomes the first publicly listed company in the Philippines to get the Science Based Targets initiative’s validation and approval of its near-term and net-zero science-based greenhouse gas emission reduction targets.
The validation of Globe’s targets by the SBTi is part of the company’s strategic integration of sustainability into its core operations. Globe aims for a 42% reduction in absolute Scopes 1 and 2 GHG emissions by 2030, based on a 2021 baseline, and a 25% reduction in absolute Scope 3 GHG emissions within the same period. For the long term, it has set an even more ambitious target of reducing absolute Scopes 1, 2, and 3 GHG emissions by 90% by 2050 from a 2021 baseline.
The company’s deployment of over 9,000 green network solutions further exemplifies its commitment to minimizing 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.
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