Skip to Content Facebook Feature Image

Globe secures spot in FTSE4Good Index for 9th consecutive year

Business

Globe secures spot in FTSE4Good Index for 9th consecutive year
Business

Business

Globe secures spot in FTSE4Good Index for 9th consecutive year

2024-08-13 08:00 Last Updated At:08:15

MANILA, Philippines, Aug. 13, 2024 /PRNewswire/ -- Globe, a leading Philippine telco and digital solutions platform, has retained its spot in the prestigious FTSE4Good Index Series for the ninth consecutive year, underscoring the mobile leader's unwavering commitment to sustainable practices.

Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products. 

FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption, and Climate Change.  Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.

"We are dedicated to driving positive change within our organization and the communities we serve. This recognition motivates us to further our efforts and continue being a responsible corporate citizen," said Yoly Crisanto, Chief Sustainability and Corporate Communications Officer at Globe.

Globe has embedded sustainability into its core operations, starting with identifying its material topics. Through its biennial materiality study, the company is able to prioritize the key concerns of its stakeholders. Globe also conducts an enterprise-level risk assessment exercise where sustainability-linked risks are included. This yearly activity, where top management and management committees across all business units participate, ensures that Globe remains vigilant and proactive in its sustainability efforts.

Applying both a top-down and bottom-up approach, executives set the sustainability ambitions, align them with the company's business objectives, and allocate the necessary resources to reach their goals.  Employees innovate and come up with solutions to ensure that the ambitions are on track in terms of attainment. Both employees and executives are provided incentives to drive greater adoption and accountability of sustainability commitments and targets.

Sustainability Councils have been established as platforms to upskill, share best practices, and discuss sustainability-linked challenges and opportunities to better serve the customers. Internal ESG Playbooks have also been crafted to offer practical guidance.

Adhering to the principles of  transparency and accountability, Globe annually publishes its Integrated Report to share its ESG performance. This summarizes how Globe creates value for and with its stakeholders to deliver positive societal and environmental impact. The report also marks the second year of adopting the GSMA ESG Metrics for Mobile, highlighting the company's material impact across the mobile industry's industry-specific KPIs, particularly in Environment, Digital Inclusion, Digital Integrity, and Sustainable Supply Chain.

The Integrated Report is externally assured to ensure that the non-financial sustainability-related disclosures and performance data meet the reporting standards of GRI and SASB and the principles of Stakeholder Inclusiveness, Materiality, Responsiveness, Reliability, Completeness, and Neutrality.

Likewise, for the first time, Globe has secured an Independent Verification Statement certifying the fair representation of the GHG emissions data of Globe, covering Scope 1, Scope 2, and Scope 3 emissions.

For more information on Globe's sustainability initiatives, please visit https://www.globe.com.ph/about-us/sustainability.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Globe secures spot in FTSE4Good Index for 9th consecutive year

Globe secures spot in FTSE4Good Index for 9th consecutive year

Next Article

IFEZ captivates global audience with its innovative companies at CES 2025

2025-01-21 18:49 Last Updated At:19:05

INCHEON, South Korea, Jan. 21, 2025 /PRNewswire/ -- The Incheon Free Economic Zone Authority (IFEZ) has announced that the 'INCHEON-IFEZ' booth at CES 2025 showcased its vision for the future of smart cities and promoted innovative companies from Incheon to a global audience.

CES 2025 (Consumer Electronics Show 2025), the largest technology exhibition in the world, took place in Las Vegas, USA, from Tuesday, January 7, to Friday, January 10th.

The INCHEON-IFEZ Booth, themed "Urban Renaissance: Building Tomorrow's Smart Cities Today," garnered attention by demonstrating a sustainable urban future powered by advanced technologies from Incheon-based companies. During the event, the booth welcomed more than 12,000 visitors.

To boost the global presence of Incheon's startups, IFEZ supported the participation of 41 companies at CES 2025, dividing them across various exhibition areas: 10 companies in the 'INCHEON-IFEZ' Booth at the Las Vegas Convention Center, 10 in the Korea pavilion (KOTRA) at the Eureka Park, 6 in the Global Pavilion, and 15 as the Incheon Startup Park Delegation.

These companies achieved record-breaking results, conducting 869 export consultations with international buyers and investors, which amounts to an estimated $400 million in potential deals.

Notably, Sheco, a company specializing in robotic solutions for recovering oil spills, was highlighted as one of the "12 Must-See Startups at CES 2025" by The Vertical, a U.S. media outlet covering tech startups, underscoring the company's innovative capabilities.

Six companies signed 10 Memorandums of Understanding (MOUs) for tangible outcomes, creating opportunities for global market expansion and attracting investments.

Additionally, 12 companies supported by IFEZ won 13 CES Innovation Awards, setting a new record. The award-winning companies attracted significant interest from global buyers and investors, firmly establishing their innovation and technological prowess on the world stage.

At CES 2025, IFEZ actively promoted its initiatives and innovative companies through various programs. On the first day of the exhibition, the 'Unveiled Incheon Media Stage' was held for about 30 global media outlets. This event highlighted IFEZ's commitments to supporting businesses with world-class infrastructure and fostering global cooperation centered on its thriving innovation ecosystem.

Also, "All Connected Incheon Night," held on the evening of January 7 (local time), brought together distinguished global leaders, including Kate Gallego, Mayor of Phoenix; Victor Hoskins, CEO of Fairfax County Economic Development Authority; and Doug Bruhnke, CEO of Global Chamber.

IFEZ signed a Memorandum of Understanding (MoU) with Global Chamber, a global business network organization during the gathering. This collaboration aims to strengthen the partnership and better support startups in expanding worldwide.

Commissioner Yun Wonsok said, "Through this participation in CES, we have showcased IFEZ's smart city vision to the global market and taken a step closer to our goal of becoming a 'Global Top 10 City, Incheon.'" He emphasized, "We will continue to support IFEZ and Incheon startups in leading the global market and do our utmost to develop Incheon into a global business hub."

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

IFEZ captivates global audience with its innovative companies at CES 2025

IFEZ captivates global audience with its innovative companies at CES 2025

Recommended Articles
Hot · Posts