Globe has renewed its strategic partnership with First Gen Corporation, a leading power generation company supplying renewable and clean energy in the Philippines, to further its commitment to attaining net-zero emissions by 2050.
The partnership will contribute to expanding Globe’s Renewable Energy (RE) sites through Power Purchase Agreements (PPA) under Retail Competition and Open Access (RCOA) and the Green Energy Option Program (GEOP).
Globe plans to increase the number of facilities powered by renewable energy from the current 29 to nearly 70 within the next two years, more than doubling its clean energy use. First Gen, a key collaborator since 2020, is one of its partners in this endeavor.
“Globe and First Gen share the same vision of a decarbonized and regenerative future where sustainability is ingrained into the organization and operations. We are pleased to continue our partnership and are committed to supporting Globe as it journeys towards greater efficiency and reduced environmental impact,” said Carlos Lorenzo Vega, Vice President for Power Marketing, Economics, and Trading of First Gen. Raymond Martin Aguilar, Globe’s Vice President for Risk and Property Management, added: “At Globe, sustainability and risk management are core strategies for building business resilience. This partnership with First Gen is a testament to our dedication to these principles.”
To seal the alliance, a ceremonial signing was held recently among Globe, ST Telemedia Global Data Centres (STT GDC) Philippines, and First Gen. The collaboration involves RE adoption not only for Globe’s high energy utilization facilities but also for STT GDC Philippines’ data centers in Cavite.
The telecom industry, with its substantial energy consumption, especially within core sites, plays a pivotal role in today’s digital age. Globe’s Scope 2 emissions, derived from electricity consumption, have historically accounted for an average of 30% of its total Greenhouse Gas (GHG) emissions.
To realize its net-zero ambition, Globe took the bold step of transitioning its sites to RE beginning in 2019 despite RE being limited and costlier than fossil fuels. By year end 2023, approximately 18% of the total energy consumption of Globe, is now powered by RE, avoiding an estimated 77,000 tonnes of GHG emissions.
“As the first publicly-listed company in the Philippines to have approved near and long-term science-based emissions reduction targets by the Science Based Targets initiative (SBTi), this partnership fuels us in our pursuit of our net zero ambitions by greening the network and partnering with sustainability-driven companies,” said Yoly Crisanto, Globe’s Chief Sustainability and Corporate Communications Officer.
Globe remains at the forefront of environmental sustainability in the Philippine telecom sector, actively engaging stakeholders and championing industry practices that advance sustainability. (PR)
