Globe Telecom, Inc. announced on Friday that it had converted 14 facilities in Luzon into “green sites” as part of its commitment to climate action.
The company recently shifted another key facility in Quezon City to renewable energy, raising its green sites to 14, it said in an e-mailed statement.
Globe said its efforts are in line with the “Race to Zero Campaign” of the United Nations Framework Convention on Climate Change and other organizations to cut carbon emissions by half by 2030 and achieve the net-zero target by 2050.
Renewable energy, according to Globe, has also been used in its high-energy-consuming facilities in Makati, Mandaluyong, San Juan, Cavite, Tarlac, Cebu, and Taguig.
“Our vision to go beyond business is demonstrated by the addition of more sites that are proactive in addressing climate change threats,” Globe Chief Finance Officer Rizza Maniego-Eala said.
At the 26th United Nations Climate Change Conference in Glasgow last year, Finance Secretary Carlos G. Dominguez III said financing from multilateral institutions is crucial to encourage private sector capital in clean energy transition projects in the country.
Mr. Dominguez has been pushing for more climate financing from wealthy economies that have not offered enough to help developing nations reduce their carbon footprint.
Such countries bear the most responsibility for their historic emissions, he said.
The Philippines has committed to reduce greenhouse gas emissions by 75% from 2020 to 2030.
Of the 75% target, just 2.71% can be achieved with internal resources, while the remaining 72.29% rests on international assistance. — Arjay L. Balinbin
