Globe’s MSCI ESG Rating Upgrades To 'AA'

KUALA LUMPUR, Sept 1 (Bernama) -- Globe, a digital solutions platform has achieved a rating upgrade to AA from MSCI, marking the highest rating among companies and within the telco industry in the Philippines to date.

The company’s latest MSCI Environmental, Social and Governance (ESG) Rating underscores Globe's dedication to its ESG strategies and practices, setting a high standard for companies in the Philippines and beyond.

With Globe's upgrade from BBB to A in 2020, and now to AA, it is recognised as an ESG leader, effectively managing its exposures to ESG risks, according to a statement.

Globe Group Chief Sustainability and Corporate Communications Officer, Yoly Crisanto said: “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 practices in the industry and the country.”

On the environmental front, Globe has shown exemplary leadership in climate action and is committed to set science-based targets through the Science-Based Target initiative (SBTi), aiming to halve greenhouse gas emissions by 2030 and achieve Net Zero emissions by 2050.

In terms of social aspects, it has conducted regular vulnerability assessments, patched management and security threat detection to safeguard its assets, in its commitment to privacy and data security, in addition to emphasising the importance of data privacy and information security training for all its employees.

In the area of labour, the company’s ‘Alagang Globe’ programme showcases its dedication to employee well-being by ensuring competitive pay and it was recognised multiple times last year for its outstanding workplace practices.

Governance at Globe has also made headway, in which the company welcomed four new directors in its Board including two female directors with a vision to continue studying and revisiting its diversity and female composition in the Board, in the Annual Stockholders Meeting held in April, this year.

-- BERNAMA