PR Newswire
11 Aug 2023, 07:28 GMT+10
MANILA, Philippines, Aug. 11, 2023 /PRNewswire/ -- Leading digital solutions platform Globe has taken a proactive step towards enhancing its sustainability practice and transparency in the mobile sector by becoming the first GSMA member in the Philippines to pilot-test the groundbreaking GSMA ESG Metrics for Mobile.
This pioneering Environmental, Social, and Governance (ESG) reporting framework provides a mobile-specific lens that simplifies and harmonizes disclosures while complementing universal reporting standards. It was developed by GSMA in collaboration with its partners and a working group of 20 mobile operators representing 45% of the world's mobile connections.
Yoly Crisanto, Globe Group Chief Sustainability and Corporate Communications Officer, expressed the company's support to GSMA in its call for the adoption of the framework to facilitate the monitoring and comparability of ESG performance across the industry.
"We are proud to be among the first members of GSMA who have pilot-tested the new ESG Metrics for Mobile in our 2022 Globe Integrated Report. This reporting framework, the first of its kind in the mobile sector, demonstrates our commitment to fostering sustainability and responsible business practices," Crisanto said.
"By utilizing common industry Key Performance Indicators that address critical aspects of our operations, we aim to increase consistency and transparency while contributing to the overall betterment of the mobile industry," she added.
The GSMA ESG Metrics for Mobile encompasses 10 industry KPIs that enable operators to measure and enhance their ESG performance across four vital areas:
These metrics align with or adopt from international ESG reporting frameworks and standards where possible.
John Giusti, Chief Regulatory Officer at the GSMA, said: "ESG performance is increasingly a key consideration for investors, customers and employees. With the GSMA ESG Metrics for Mobile Framework, the mobile sector is striving to be at the forefront of meaningful ESG reporting. We're therefore delighted with Globe's leadership in joining other leading operators in this field, driving positive change by embedding these new metrics at the heart of their ESG strategy."
With this reporting framework, Globe's 2022 Integrated Report highlighted essential aspects such as the population covered by the mobile network, subscription affordability, digital skills programs, and measures taken to improve online safety. Globe annually publishes its Integrated Report, guided by the principles of the International Integrated Reporting Council Framework, reference to the Global Reporting Initiative standards, Task Force on Climate-related Financial Disclosures recommendations, Sustainability Accounting Standards Board, United Nations Global Compact (UNGC) Principles, and SEC recommendations on Integrated Annual Corporate Governance Report and sustainability reporting guidelines.
Its latest Integrated Report, themed "Empowering Customers with Everyday Digital Solutions," is a testament to the company's dedication to transparency and sustainability. The Report also presents the updated material topics of the Globe Group which identifies the most significant sustainability-linked issues that affect its stakeholders and its operations. It provides a detailed and comprehensive approach to Globe's value creation process to address these material topics and presents both financial and non-financial disclosures. Third-party assurance providers have reviewed these disclosures to ensure their accuracy and reliability.
By leading the way in the implementation of this revolutionary reporting framework, Globe reinforces its position as a catalyst for positive change and a trailblazer in sustainable business practices.
To learn more about Globe's sustainability initiatives and access the 2022 Integrated Report, please visit this link: https://www.globe.com.ph/about-us/sustainability/integrated-report.html.
About Globe
Globe is a leading full-service telecommunications company in the Philippines and publicly listed in the PSE with the stock symbol GLO. The company serves the telecommunications and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet and managed services. It has major interests in financial technology, digital marketing solutions, venture capital funding for startups, and virtual healthcare. In 2019, Globe became a signatory to the United Nations Global Compact, committing to implement universal sustainability principles. Its principals are Ayala Corporation and Singtel, acknowledged industry leaders in the country and in the region.
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationDHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...
Moscow seeks to build a full-fledged partnership, according to its ambassador in Kabul Moscow has officially recognized the Taliban...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...