Globe Telecom reaped
another major accolade for its Environmental, Social and Corporate Governance
(ESG) initiatives, winning the award six times for the past nine years.
Globe won the Platinum award given by The Asset
Corporate Awards, the longest-running ESG award-giving body in Asia. The
company received the prestigious award in recognition of its exceptional work
in the Environment, Social and Corporate Governance space.
This year also marks
the sixth time that Globe Telecom won the Platinum award, having won last year
and previously in 2014, 2013, 2010 and 2009. The award further highlights the
company’s consistent performance when it comes to its Environment, Social and Corporate
Governance efforts. The award is bestowed annually by leading research firm
Asset Benchmark Research (ABR).
“We are grateful for this recognition as we
strive to manage our business impact while contributing to positive social
change. Embedding sustainability
practices in our business guide us in our decision-making processes to further
improve our service to Globe customers and delight our shareholders,” explained
Yoly Crisanto, Globe Chief Sustainability Officer.
The Asset Corporate
Awards consisted of three categories: Platinum, Gold and Titanium. It offers a
rigorous benchmarking service for listed companies in the region when it comes
to corporate sustainability, which allows firms to join an exclusive and elite
sphere of top corporations.
The criteria for evaluating these companies
include a wide range of metrics regarding financial performance, which is also
a barometer for gauging management acumen. Companies are also evaluated
according to the quality of their governance, social responsibility,
environmental responsibility and investor relations.
Since its inception in
2001, the Asset Corporate Awards has enabled past winners to bolster its
credentials when it comes to showcasing their ESG efforts.
Nominees are first
assessed through an online questionnaire submitted by the company plus
supplementary information it provides. Several factors are then considered,
which range from an evaluation of financial performance, management, corporate
governance, social and environmental responsibility and investor relations. A
point-score is awarded in each relevant category then the submissions are
checked and assessed in detail.
After the initial
assessment, interviews are conducted to acquire feedback, particularly from the
investor community. Scores are then awarded based on this qualitative
assessment, which adds additional thoroughness and objectivity to the awards.
For the final phase of
the assessment, The Asset Corporate Awards editorial board carefully checks
both quantitative and qualitative data to safeguard the results against any
inconsistencies and maintain the awards’ integrity. – (PR)
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