Created by global index provider FTSE Russell, the FTSE4Good Index evaluates publicly listed companies worldwide based on ESG criteria, including corporate governance, climate change mitigation, health and safety, and anti-corruption practices.
The index serves as a benchmark for investors creating responsible investment portfolios.
Global ESG benchmark
Globe joins 14 Philippine companies listed in the index, alongside Ayala Corp., ACEN, Ayala Land and BPI. The company said the distinction underscores its continued commitment to sustainability and responsible business practices.
“This recognition is not just a badge,” said Yoly Crisanto, Globe’s chief sustainability and corporate communications officer. “It reflects years of effort to embed and champion sustainability into how we do business. We have always believed that long-term growth comes with long-term responsibility.”
A maturing sustainability strategy
Globe said its sustainability efforts have matured significantly over the last decade. Initially focused on regulatory compliance, the company has since evolved toward a data-driven strategy guided by its long-term vision to create a "Globe of Good."
The appointment of its chief sustainability officer nearly a decade ago, coupled with guidance from its major stockholders and Globe executives, accelerated the advancement of sustainability in the company.
Performance metrics and governance
The company uses global sustainability reporting standards and integrates ESG considerations into risk management and corporate performance. ESG initiatives account for 10 percent of employee performance metrics under Globe’s balanced scorecard system.
The board of directors also provides oversight on sustainability-linked risks and opportunities. Among Globe’s current goals are decarbonizing operations to achieve net-zero emissions by 2050, promoting workplace inclusion, fostering community engagement, and upholding governance best practices.
Reporting and long-term goals
Globe’s integrated sustainability report, which includes third-party assured data on greenhouse gas emissions, is published annually and can be accessed through its official website.
“As we navigate a fast-changing world, Globe remains steadfast in delivering not just shareholder value but societal impact,” Crisanto said. —Ed: Corrie S. Narisma
