Globe Telecom said Thursday it achieved a ratings upgrade to ‘AA’ from MSCI, marking the highest rating among companies in
It said it achieved the historic milestone in its commitment to sustainability. “The company’s latest MSCI ESG rating underscores Globe’s dedication to its ESG [environmental, social and governance] strategies and practices, setting a high standard for companies in the Philippines and beyond,” Globe said in a statement.
These evaluations are based on governance structures, policies, targets, quantitative performance metrics and any relevant controversies. Globe surpassed its target in 2022 by reducing 4.42 percent of its carbon emissions, as a result of shifting towards renewable energy, investing in energy-efficient technologies, and deploying green solutions across its network.
Governance at Globe has also made headway. In the Annual Stockholders Meeting held in April 2023, Globe 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.
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