3 insights we learned from Globe Business Lead In 2021

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Metro Manila (CNN Philippines) — Most enterprises had to embrace “The Great Reset” when the pandemic hit almost two years ago. But while everyone had to quickly adapt to survive, businesses still have the moral responsibility to do good for the people and the planet.

Globe Business, Globe Telecom’s division that helps enterprises shift to digitization, assembled thought leaders in its multi-awarded Leadership Innovation Forum (Lead-In) to talk about the power that environmental, social, and governance (ESG) integration has on the future of enterprises.

CNN Philippines was privileged to be among the 900 attendees of this year’s forum with the theme, “Bigger Picture, Greater Future: Redefining Success Beyond Business”. Here are some of the takeaways from the fireside chat:

Company's progress depends on how well the world is doing

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Microsoft Chief Environmental Officer Lucas Joppa said that enterprises are facing a critical decision on how they should run their global economies and individual corporations in relation to their effects on the climate. He also presented graphs that show that it is not all bleak - there is an unprecedented opportunity to build back in a way that is better for the environment and society. “We have to step back and ask ourselves, ‘how should we rebuild our economies (and) how should we restructure our companies moving forward?”, he said. Joppa added that digital technologies are at the core of this principle.

‘SHIFT’ to renewable energy

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Cesar Romero, President and CEO of Pilipinas Shell Petroleum Corporation, was brave to answer the call as a fossil company will not be an obvious poster child for ESG practices. But he was enthusiastic to share that the old refinery at their Shell Import Facility - Tabangao (SHIFT) is now 100 percent powered by renewable energy sourced from Shell Energy and 5,220 solar panels. When they had to close down the old refinery due to economic reasons, they took the opportunity to embrace renewable energy.

Base business decisions on ‘shared value’

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Shared value refers to solving social problems on a scalable and profitable basis, by leveraging innovation and unique resources. Alfredo Ayala, Managing Director, Member of the Management Committee of Ayala Corporation and Chief Operating Officer of iPeople, Inc. noted that the skills developed in the business process outsourcing industry (BPO) should likewise be done in other industries. This is why they embed the kind of training BPO agents usually get in the schools they manage. Case in point is the National Teachers’ College, where they develop skills training and use digital solutions as a tool for future educators so they could in turn support not just BPOs but all businesses.

To conclude the program, Globe Business Senior Vice President - Enterprise Group Peter Maquera echoed Ayala's statement, underscoring the importance of shared value to keep the momentum going. “It’s not just social responsibility or even sustainability, but (it’s) a new way to achieve economic success,” he said.

Globe Business gives back

For its part, Globe Business also made good on their word to initiate ESG practices. Recently, Globe Business donated ₱500,000 to The Mead Foundation, a non-profit organization that advocates environmental conservation and empowering underserved communities.

Globe partnered with The Mead Foundation to implement a sustainable reforestation program in Iba, Zambales in line with its commitment to the United Nations Sustainable Development Goals, particularly UN SDG No. 15 Life on Land. The program is composed of three key components, namely: Reforestation, Food Security, and Sustainable Livelihood Development.

“The Mead Foundation thanks Globe for their recognition of and support for our non-profit initiatives focused on conservation of the environment and community development. Whilst the pandemic has presented unique challenges, we have worked diligently to continue our programs as the need remains as great as ever,” the organization said.

The Mead Foundation also said that the donation from Globe will be used to support their upcoming Pawikan Project, a conservation initiative to combat sea turtle egg poaching in Zambales. “In addition, we will apply the funds towards the ongoing reforestation program we have in Zambales, which has been supported by Globe since 2018. We thank Globe for this recognition and support and look forward to continuing our partnership for many years to come!”

The foundation works closely with Indigenous communities, namely the Aetas of Zambales, not only to provide support in reforestation of the province’s bare forest areas but also to provide livelihood opportunities to the community members. Engaging the local communities will yield positive environmental, ecological, and social benefits and also make the people aware of their significant role and participation in taking care of the area, the importance of environmental protection, and benefits that can yield from a natural forest area.

Learn how your company can integrate environmental, social, and governance (ESG) practices with the use of digital solutions. Visit the Globe Business website now at www.globe.com.ph/business/enterprise.