Globe telecom released its 2011 Sustainability Report on April 17, 2012 during its Annual Stockholders Meeting. With “Transformation” as the central theme of the report, it reflects the cultural and network transformation within the company – focused on providing excellent customer experience.
The report is based on GRI G3.1 Guidelines covering the Environment, Economic & Social aspects of its performance.
ECCInternational is the leading process consulting and training company in SE Asia when it comes to Corporate Sustainability & Governance (CSG). ECCI helped Globe Telecom in creating their 2011 Sustainability Report and achieving a B+ level of external assurance. This makes Globe Telecom the first telco company and one in few in Philippines to achieve external assurance for its Sustainability Report.
Globe Telecom has also achieved the distinction of being the first company in the country to have the external assurance done by an AA (Accountability) accredited third party assurance provider. The external assurance of the report was conducted by TUV Rheinland, one of the very few.
Globe Telecom has achieved external assurance for its 2011 report to further strengthen its credibility in the market, emphasize management’s commitment towards sustainability, and increase the level of confidence among its stakeholders.
With the increasing popularity of promoting sustainability, more and more organizations are leaning towards developing Sustainability Reports which give a holistic information on the financial, environmental, and social performance of a company. Meanwhile, external assurance helps protect the interest of stakeholders and provides a level of comfort to key decision makers, allowing them to know that the information they are using for their business decisions are reliable and comply in all material aspects with the relevant reporting frameworks. By taking the lead in this practice area, ECCI has helped companies in Philippines, Vietnam, China and India create their sustainability reports.