December 21, 2009

Globe, a leading telecommunications company in the Philippines, wins the Platinum Award for All-Round Excellence in Financial Performance, Management, Corporate Governance, Social Responsibility, Environmental Responsibility and Investor Relations from The Asset.

Globe is the only telecom company in the Philippines that met the criteria for the Platinum Awards.

The Platinum Awards introduced new levels of rigor for companies as they are benchmarked against their contemporaries. In 2009, The Asset upgraded its corporate awards to establish this new recognition that honors excellence in both growth and social objectives. It is by far the highest corporate award given by The Asset.

The Asset recognizes listed companies who deliver strong financial performance while at the same time ensure transparency and social responsibility in their operations. With growing concerns over climate change, The Asset also looked at how companies implement environmentally responsible policies.

Recently, Globe marked a milestone in the industry as the first telco in the country to release a Corporate Social Responsibility (CSR) and Sustainability Report using the internationally recognized Global Reporting Initiative standards.

Its pioneering sustainability report details the CSR programs of Globe in 2008 with focus on its economic, social and environmental impact in Filipino communities. The report also highlights the major CSR accomplishments in the past five years through its integrated CSR program Globe Bridging Communities (Globe BridgeCom).

For The Asset Awards, companies tendered submissions in five main categories namely three-year financial performance, corporate governance, social responsibility, environmental responsibility and investor relations. The companies were given scores for each of the categories. Interviews were also done by investors, analysts and industry specialists who provided scores for the companies’ management acumen.

The Asset Publishing and Research Ltd. is an integrated multi-media company serving the elite community of leading corporate and financial decision makers in Asia. The Asset is reputed for delivering authoritative unbiased coverage and independent research of Asia’s financial industry through its key vehicles, one of which is The Asset Awards.