Globe has achieved a significant milestone by becoming the first publicly listed company in the country to receive validation and approval from the Science Based Targets initiative (SBTi) for its efforts to reduce greenhouse gas (GHG) emissions.
Globe has set science-based targets to reduce its GHG emissions soon and has committed to achieving net-zero emissions in the long run. This is an excellent achievement for Globe, demonstrating the company’s commitment to environmental sustainability.
This milestone shows Globe’s dedication to climate action. The company is changing its operations to help limit the increase in global temperatures to 1.5°C above what it was before factories and machines became popular. This goal is in line with what the world’s leaders agreed on in the Paris Agreement, and it’s part of a big movement called Race to Zero that aims to reduce carbon emissions as much as possible.
Globe wants to cut its greenhouse gas emissions. By 2030, it aims to reduce two types of emissions by 42% and another by 25%. By 2050, it wants to reduce three types of emissions by 90%.
“We hope that we can inspire and catalyze a broader shift towards sustainable practices across industries, fostering an inclusive future where the country’s business community thrives in harmony with the planet,” said Yoly Crisanto, Globe Group Chief Sustainability and Corporate Communications Officer.
Globe is committed to meeting its science-based targets by shifting to renewable energy. They have 27 sites powered by renewable sources and have deployed over 9,000 green network solutions. Globe also engages its supply chain in sustainability efforts, including implementing a Supplier Code of Ethics and integrating sustainability criteria into supplier assessments.
To learn more about Globe Sustainability, visit the Globe Sustainability Website and the Globe Annual Integrated Report.
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