Fiber broadband provider achieves ‘AA’ ESG rating

CEBU, Philippines —  Philippine fiber broadband provider Converge ICT Solutions Inc. has been elevated to an ‘AA’ rating in the latest Environmental, Social, and Governance (ESG) assessment by research firm MSCI, signaling its emergence as an industry leader in managing sustainability-related risks.

The upgrade—from a previous ‘A’ rating—follows MSCI’s review of Converge’s 2023 performance, and reflects improvements in corporate governance, ethics auditing, and data security protocols.

According to MSCI, the ‘AA’ rating places Converge among the top-performing peers globally in the technology and telecommunications sector on ESG standards.

“Strengthening our ESG practices in line with global benchmarks has been a strategic priority,” said Benjamin Azada, Converge’s Chief Commercial and Sustainability Officer.

“This recognition affirms the progress we’ve made in labor practices, governance, and cybersecurity, which are central to building a resilient business,” Azada added.

Converge has taken steps to broaden its sustainability program, including expanding a modem refurbishment initiative.

The company recovered and reused over 80 percent of modems from churned subscribers in the past year—up significantly from around 50 percent in 2023.

The broadband firm also reported a drop in its network’s greenhouse gas intensity, reducing Scope 1 and 2 emissions from 2.3 to 1.4 tCO2e per petabyte of data.

This reduction was attributed to increased renewable energy use and improved energy management systems.

Workforce development also featured prominently in Converge’s ESG strategy. The company raised average employee training hours to 57 in 2024, up from 33 the year prior, as it scaled access to educational resources and digital learning platforms.

Furthering its climate resilience agenda, Converge secured ISO 22301:2019 certification for its Business Continuity Management System. It has since extended similar risk management protocols to critical partners in its value chain, according to Laurice Tuason, SVP and Corporate Compliance Officer.

Converge’s ESG trajectory has steadily improved since it began MSCI evaluations in 2021. From a ‘BBB’ rating in 2022, the company advanced to ‘A’ in 2023 and 2024 before reaching its current ‘AA’ rating in 2025.

MSCI’s ESG ratings framework scores companies from ‘AAA’ (Leader) to ‘CCC’ (Laggard), offering institutional investors a benchmark for assessing corporate resilience to long-term environmental and social risks.