Globe cuts Scope 1 and 2 emissions by 15% with 570 hybrid and electric vehicles and internal carbon price

Globe, a major Philippine telecom, has deployed 570 hybrid and electric vehicles across its employee car plans, shuttles, and company fleet as of August 2026. The company also installed EV charging stations in five buildings and plans to expand that network. To internalize climate costs, Globe applies a shadow carbon price of $20 per ton of CO2 when evaluating investments, which helped steer capital toward energy efficient technologies. The results show up in the numbers: Globe cut Scope 1 and 2 emissions by 15%, well above its 4.2% near term target. That puts the company ahead of schedule on its net zero path and supports the Philippines' Paris Agreement commitments. The move is a practical example of how telecom operators can reduce operational emissions through fleet electrification and smarter investment screening.