Globe Strengthens Sustainable Practices with Enhanced Supply Chain Policies
Globe, a leading digital solutions platform, has recently elevated its commitment to sustainability by enhancing its policies for the supply chain. This strategic move encourages vendors and suppliers to operate responsibly and integrate more sustainable practices, aligning with the company’s dedication to environmental and social responsibility.
Globe’s comprehensive greenhouse gas (GHG) baselining study has revealed that approximately 80% of its total GHG emissions come from Scope 3 emissions, with 90% of those emissions originating from Purchased Goods & Services and Capital Goods, emphasizing the significant impact of its supply chain on overall sustainability.
Jerry Cabiles, Vice President, Supply Chain at Globe, emphasized the company’s unwavering commitment to creating a sustainable future. “Globe’s new and updated policies reflect how throughout the many changes we undergo, our commitment to creating a Globe of Good remains firm. We sincerely believe that our business growth should never come at the expense of the planet or its people. We, therefore, call on our supply chain to join us in this journey towards a sustainable future.”
Globe’s Sustainable Supply Chain Policy Commitment outlines a fresh approach to align with corporate governance, sustainability, and inclusive growth. The enhanced supplier due diligence process will select vendors based on a multifaceted assessment that scrutinizes their sustainability commitments, practices, and overall performance.
Under the strengthened policy, Globe reinforces the importance of the Supplier Code of Ethics (SCoE), expecting all accredited suppliers to adhere to it. The SCoE upholds international standards on human rights and labor rights, strictly prohibiting corruption, extortion, and embezzlement, among other ethical considerations. It also calls for suppliers to actively participate in Globe’s journey towards Net Zero by monitoring and reducing their GHG emissions, fostering circularity, minimizing waste, and mitigating environmental risks and impacts.
Globe is set to increase awareness among suppliers on sustainability through upskilling sessions moving forward, fostering a shared commitment to responsible business practices.
In line with its pledge to empower Philippine enterprises, Globe experienced a 13% surge in its accreditation of local vendors in 2022. This resulted in a total engagement with 824 local suppliers, representing 85.65% of all suppliers. Moreover, a significant 51.37% of the overall procurement budget was allocated to these local suppliers.
Globe’s strengthened supply chain policies underscore its dedication to promoting sustainability, responsible business practices, and inclusive growth across its operations.