MANILA, Philippines, Aug. 13, 2024 /PRNewswire/ -- Globe, a leading Philippine telco and digital solutions platform, has retained its spot in the prestigious FTSE4Good Index Series for the ninth consecutive year, underscoring the mobile leader's unwavering commitment to sustainable practices.
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products. 
FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption, and Climate Change.  Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.
"We are dedicated to driving positive change within our organization and the communities we serve. This recognition motivates us to further our efforts and continue being a responsible corporate citizen," said Yoly Crisanto, Chief Sustainability and Corporate Communications Officer at Globe.
Globe has embedded sustainability into its core operations, starting with identifying its material topics. Through its biennial materiality study, the company is able to prioritize the key concerns of its stakeholders. Globe also conducts an enterprise-level risk assessment exercise where sustainability-linked risks are included. This yearly activity, where top management and management committees across all business units participate, ensures that Globe remains vigilant and proactive in its sustainability efforts.
Applying both a top-down and bottom-up approach, executives set the sustainability ambitions, align them with the company's business objectives, and allocate the necessary resources to reach their goals. Employees innovate and come up with solutions to ensure that the ambitions are on track in terms of attainment. Both employees and executives are provided incentives to drive greater adoption and accountability of sustainability commitments and targets.
Sustainability Councils have been established as platforms to upskill, share best practices, and discuss sustainability-linked challenges and opportunities to better serve the customers. Internal ESG Playbooks have also been crafted to offer practical guidance.
Adhering to the principles of transparency and accountability, Globe annually publishes its Integrated Report to share its ESG performance. This summarizes how Globe creates value for and with its stakeholders to deliver positive societal and environmental impact. The report also marks the second year of adopting the GSMA ESG Metrics for Mobile, highlighting the company's material impact across the mobile industry's industry-specific KPIs, particularly in Environment, Digital Inclusion, Digital Integrity, and Sustainable Supply Chain.
The Integrated Report is externally assured to ensure that the non-financial sustainability-related disclosures and performance data meet the reporting standards of GRI and SASB and the principles of Stakeholder Inclusiveness, Materiality, Responsiveness, Reliability, Completeness, and Neutrality.
Likewise, for the first time, Globe has secured an Independent Verification Statement certifying the fair representation of the GHG emissions data of Globe, covering Scope 1, Scope 2, and Scope 3 emissions.
For more information on Globe's sustainability initiatives, please visit https://www.globe.com.ph/about-us/sustainability.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Globe secures spot in FTSE4Good Index for 9th consecutive year
BRUSSELS, Sept. 17, 2024 /PRNewswire/ -- The global clean hydrogen project pipeline is growing and maturing, with a sharp increase in projects reaching final investment decision (FID), according to the Hydrogen Council's latest analysis of more than 1,500 projects worldwide. At the same time, the pace and scale of deployment need to accelerate dramatically to meet global climate goals.
The Hydrogen Insights 2024 report, released today and co-authored by McKinsey & Company, reveals that while the global project pipeline has grown by a factor of seven since 2020 from 228 projects to 1,572 projects, as of May 2024, it has also matured, with a strong focus on advancing projects towards execution. Most notably, clean hydrogen projects that reached FID have also seen a seven-fold increase in committed investment, growing from approximately USD 10 billion across 102 projects in 2020 to some USD 75 billion across 434 projects in 2024.
The most recent data from October 2023 to May 2024 further underscores a clear shift from project planning to implementation. Total announced investments through 2030 have increased by approximately 20% – from USD 570 billion to USD 680 billion. The most notable growth has occurred in the more advanced stages of project development, with investments past FID growing by a remarkable 90%, followed by a 30% increase in front-end engineering design (FEED) stage projects.
This clear shift across the global project pipeline from announcements to implementation is coupled with natural attrition that fosters industry maturation by eliminating less viable projects and prioritising those with the highest potential, a pattern also seen in the early stages of other clean energy industries such as wind and solar.
Jaehoon Chang, President and CEO of Hyundai Motor Company and Co-Chair of the Hydrogen Council, said: "The seven-fold increase in committed capital for hydrogen projects reaching FID over the past four years demonstrates the industry's progress. We are pleased to see the industry walking the talk at this critical transitional moment, as evidenced in the latest Insights report. Moreover, further action is needed to ensure an accessible and affordable hydrogen supply, enabling the widespread adoption of hydrogen."
Despite progress, the hydrogen sector, like other clean energy industries currently, faces macroeconomic headwinds including rising inflation and interest rates, as well as geopolitical tensions affecting energy markets. Sector-specific issues such as regulatory uncertainty and increasing costs for renewable power and electrolysers have led to project delays, particularly for renewable hydrogen projects.
Ivana Jemelkova, CEO of the Hydrogen Council, said: "This report sends a clear message: hydrogen is happening. Now that hydrogen is a reality in the energy transition, it's time to drive significantly more investment by 2030 to meet our mid-century targets. Equipped with concrete lessons learned from the past four years, we must urgently address challenges in key markets and create a more favourable environment for project execution."
Sanjiv Lamba, CEO of Linde and Co-Chair of the Hydrogen Council, said: "Realising hydrogen's full climate and socio-economic potential requires a united effort from governments and industry. With a supportive regulatory framework and targeted incentives, investors will have the certainty they need to move projects to FID – ultimately contributing to achieving global climate targets."
About Hydrogen Insights
Hydrogen Insights is the Hydrogen Council's regularly published perspective on the hydrogen industry's evolution. It summarises the current state of the global hydrogen sector and actual hydrogen deployment. Authored by the Hydrogen Council in collaboration with McKinsey & Company, the report draws on a combination of public information and proprietary data from Hydrogen Council members and represents a collaborative effort to share an objective, holistic, and quantitative perspective on the status of the global hydrogen ecosystem.
About The Hydrogen Council
The Hydrogen Council is a global CEO-led initiative with a united vision and long-term ambition for hydrogen to accelerate the clean energy transition. It brings together a diverse group of 140 companies from 20 countries across Americas, Europe, Africa, the Middle East and Asia Pacific. Spanning the entire value chain, and including large multinationals, innovative start-ups as well as investors, the Council's membership represents some $9 trillion in market capitalization, 6.8 million in FTEs and some $6.4 trillion in revenues.
The Council is committed to unlocking the sustainability potential of clean hydrogen, fostering business and technological innovation as drivers for sustainable growth, creating quality jobs and delivering social value. Using its global reach to promote collaboration between industry, governments, investors, and the civil society, the Council provides insights on and pathways for accelerating the deployment of hydrogen ecosystems around the world. It also supports the development of international safety and sustainability standards, paving the way for the deployment of reliable hydrogen solutions at scale.
To find out more visit www.hydrogencouncil.com and follow us on X @HydrogenCouncil and LinkedIn.
Media Enquiries
Joanna Damerell, Communications Manager, Hydrogen Council
Joanna.damerell@hydrogencouncil.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Global hydrogen industry reports $75 billion in committed capital but climate targets at stake due to project delays
