Digital solutions platform Globe has increased its roster of sites in Luzon and Visayas running on renewable energy as it pursues its goal to reduce carbon emissions.
Globe recently partnered with ACEN, the renewable energy platform of the Ayala Group, in shifting 10 more facilities located in Cavite, Cebu, Quezon City, Manila, Marikina, and Laguna to clean energy, raising to 24 the total number of high-energy utilization facilities now running on renewables.
Aside from The Globe Tower in Taguig, the company has other facilities already running on green energy: six in Quezon City, five in Cavite, three in Cebu, two in Makati, and one each in Mandaluyong, San Juan, Manila, Marikina, Laguna, Batangas, and Tarlac.
Globe started its decarbonization journey in 2019 by buying renewable energy bundled with verified carbon offsets through Power Purchase Agreements (PPA). This recent shift harnessed the Department of Energy’s Green Energy Option Program (GEOP), which allows consumers with a monthly average peak demand of 100 kilowatts (KW) and above, the option to directly engage with renewable energy suppliers and ensure that the facility consumes energy from renewable resources.
The company’s recent partnership with ACEN enables its facilities to utilize ACEN’s renewable energy portfolio, specifically solar energy and geothermal plants.
By purchasing renewable energy from Retail Energy Suppliers (RES), Globe aims to encourage more investments towards clean energy in support of the Philippines’ commitment to reducing Greenhouse Gas (GHG) emissions by 75 percent in 2030 through the Nationally Determined Contribution (NDC) of the Paris Agreement.
Last year, the Ayala Corporation committed to achieve net zero greenhouse gas emissions by 2050. The conglomerate is a major shareholder in both Globe and ACEN. With this, both companies fully support the conglomerate’s commitment to respond to an urgent call-to-action for companies to set emission reduction targets in line with a 1.5°C future.
“This shift to renewable energy is part of Globe’s overall climate action roadmap and in support of both the country and the Ayala Group’s goal to reduce carbon emissions. We are continuously shifting our high energy utilization facilities to renewable energy sources and are looking forward to enrolling more eligible facilities as we proactively address climate-related risks,” said Rizza Maniego-Eala, Chief Finance Officer, Treasurer, and Chief Risk Officer at Globe.
Globe is part of the United Nations-backed Race to Zero campaign to halve global emissions by 2030 and deliver a healthier, fairer zero-carbon world by 2050. It also supports the United Nations Sustainable Development Goals, particularly UN SDG No. 13, which underscores the importance of climate action in saving lives and people’s livelihoods to address climate emergencies.
Globe is also the first and only Philippine publicly-listed company recognized by the Science Based Target initiative (SBTi) to commit to set science-based targets aligned with the Paris Agreement’s ambition to limit global warming to 1.5 degrees Celsius compared to pre-industrial levels.