Climate Change Data

Environmental Metrics

ESG Focus Areas

• People
• Inclusive Business
• Community Engagement
• Environmental Sustainability

Environmental Achievements

• Reduced carbon footprint per employee (partially measured in 2011, to be systematized in 2012)
• Server virtualization with a 20:1 ratio of virtual machines to physical servers
• Use of recycled paper for two-thirds of paper ream purchases
• 100% recycling or reuse of hardware

Social Achievements

• TesteAR program quadrupled the number of students
• Launched TesteAR program in other cities
• Over 150 Globers volunteered in various projects
• Numerous pro bono projects using technology to help the community
• Client satisfaction rating above target (61% vs 60%)

Governance Achievements

• Implementation of risk management processes according to the Sarbanes-Oxley Act framework (planned for 2012)
• Implementation of an anonymous reporting mechanism for ethical violations (planned for 2012)

Climate Goals & Targets

Environmental Challenges

• Talent retention and development
• Developing Latin America as a platform for creating software
• Sustained global growth
• Reducing indirect energy consumption

Mitigation Strategies

• Implementation of Code of Ethics and reporting lines
• Creation of a Sustainability Council
• Investment in employee development programs (Globant U, etc.)
• Development of an application for automatic PC shutdown (planned for 2012)

Supply Chain Management

Responsible Procurement

• Sourcing recycled paper from social suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Third-party Assurance: Crowe Horwath

Environmental Metrics

ESG Focus Areas

• Business
• People
• Integrity

Environmental Achievements

• Server Virtualization improved from 20:1 to 35:1
• Migrated some datacenters to Level3 for more efficient energy use
• Doubled waste recycling compared to 2011
• Extended carbon footprint assessment to Colombia

Social Achievements

• Launched U-Grow program, training youth in technology and skills
• Launched U-Certificate program, offering internal training courses
• Launched Healthy Living program with various initiatives
• TesteAR program awarded ACDE-Enrique Shaw Prize and Sadosky Awards finalist
• Over 170 volunteers participated in community actions

Governance Achievements

• Rewrote Code of Ethics and planned online complaint form
• Analyzed and redefined access and profiles scheme on major financial application to mitigate conflict of interest
• CMMI level 3 recertification

Climate Goals & Targets

Environmental Challenges

• Working with value chain (suppliers and customers) for integrated sustainability view
• Further developing framework with indicators and targets
• Improving carbon footprint measurement
• Incorporating diversity management processes and training

Mitigation Strategies

• Long-term plan to implement environmental management systems
• Planned to improve consumption calculation and extend scope to other emission-generating processes
• Planned to incorporate diversity management processes and training in Recruiting, Staffing and People teams in 2013

Supply Chain Management

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G3.1 (previous report), GRI parameters (current report), UN Global Compact

Certifications: CMMI Level 3

Third-party Assurance: Crowe Horwath

Sustainable Products & Innovation

• Dibugrama (mobile app for Down syndrome education)
• Cuándo Llega (public transport app)
• Next2You (carpooling app)

Awards & Recognition

• ACDE - Enrique Shaw Prize for TesteAR program
• Sadosky Awards finalist for TesteAR program

Environmental Metrics

ESG Focus Areas

• Environmental Awareness
• Employment
• Community Relations
• Ethics & Compliance
• Entrepreneurship
• Diversity & Equal Opportunities

Environmental Achievements

• Reduced energy consumption in larger offices, maintaining the same consumption per capita despite increased workload.
• Held an inter-site energy saving competition, with Resistencia and Rosario offices achieving a 40% reduction in consumption per quarter.

Social Achievements

• Launched TesteAR, a training program for young people in vulnerable situations, resulting in awards from Nearshore Executive Alliance, Nearshore Americas, and Computerworld Honors Program.
• Developed community involvement plan and educational and corporate volunteering programs, increasing employee participation.
• Implemented a diversity management training program for Recruiting and People areas.

Governance Achievements

• Renewed commitment to the UN Global Compact.
• Achieved first GRI-G4 report.
• Adopted the risk management framework of US Sarbanes-Oxley Act (SOX).

Climate Goals & Targets

Environmental Challenges

• Significant environmental impact from energy consumption and Glober travel.
• Incipient work with supply chain.
• Need to manage diversity within the company.

Mitigation Strategies

• Energy saving initiatives and competition.
• Supplier survey and adherence to Global Compact principles.
• Diversity management training and partnership with Yeeeu Company.

Supply Chain Management

Responsible Procurement

• Supplier survey, adherence of some companies to Global Compact principles, incorporation of social suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4

Certifications: ISO 9001, ISO 27001, CDSA

Third-party Assurance: Crowe Horwath (limited assurance)

Awards & Recognition

• Foundation for the Future Award (Nearshore Executive Alliance and Nearshore Americas)
• Computerworld Honors Program

Environmental Metrics

ESG Focus Areas

• Quality education
• Gender equality
• Decent work and economic growth
• Industry, innovation and infrastructure
• Environmental consciousness
• Partnership for the goals

Environmental Achievements

• Relaunched a recycling campaign
• Continued server virtualization policy and use of low-consumption data centers
• Invested in building improvements to make them more sustainable

Social Achievements

• Launched the Leadership Accelerator Program (LeAP) for leaders and managers
• Launched Diversity & Inclusion Fundamentals manifesto
• Women That Build campaign to promote inclusion and professional growth of women
• Partnership with Hola Code in Mexico to integrate migrants into the job market
• iTeens Clubs in Argentina to teach girls how to code
• Various community initiatives in Argentina and India

Governance Achievements

• Signed the Cybersecurity Tech Accord
• Updated privacy policy to comply with GDPR
• Launched Talent Manifesto defining key competencies for employees
• Implemented BetterMe and StarMeUp platforms for continuous feedback

Climate Goals & Targets

Environmental Challenges

• Increased carbon emissions due to operational growth
• Increased server consumption due to inefficient client equipment and storage needs

Mitigation Strategies

• Working on a project to be part of the RE100 initiative (100% renewable power)
• Addressing inefficient client equipment and storage issues

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Integrated Reporting Framework, GRI Standards: Core option, SASB standards for Software and IT services, Sustainable Development Goals (SDG)

Certifications: ISO 27001:2013

UN Sustainable Development Goals

• Quality education
• Gender equality
• Decent work and economic growth
• Industry, innovation and infrastructure
• Climate action
• Partnerships for the goals

The report explains how Globant's initiatives contribute to these goals.

Awards & Recognition

• 3 BIMA awards
• Shortlisted in the 2018 Cannes Lions’ Innovation award
• Two Comparably Awards for Best Company Culture and Best Companies for Diversity

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Community Engagement
• Wellbeing and work-life balance
• Customer Satisfaction
• Employment and career
• Occupational health and safety
• Public policy
• Indirect economic impacts

Environmental Achievements

• Achieved 100% renewable energy consumption across all global operations.
• Reduced carbon intensity by 27% over 2019 metrics.

Social Achievements

• Launched the Women that Build Award, recognizing women in tech.
• Increased female headcount from 22% to 25%, and female managers from 28% to 31%.
• Implemented numerous wellbeing programs through Globant for You (G4U).
• Donated over $1M in test kits and digital resources to communities.
• Provided training to over 35,000 beneficiaries through various community programs.

Governance Achievements

• No confirmed incidents of corruption in 2020.
• Updated Short-Term Incentives Bonus to include an accelerator component linked to increasing female and non-binary management roles.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on operations and employee wellbeing.
• Supply chain disruptions.
• Increased Scope 3 emissions due to remote work.

Mitigation Strategies

• Transitioned to a remote-first company.
• Implemented various wellbeing programs and benefits for employees.
• Developed strategies to offset, reduce, and compensate for Scope 3 emissions.
• Developed a carbon management system.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Integrated Reporting Framework, GRI Standards (Core Option), SASB Standards (Software and IT services)

Certifications: ISO 27001:2013

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 4 (Quality Education)
• SDG 5 (Gender Equality)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 13 (Climate Action)
• SDG 17 (Partnerships for the Goals)

Globant's initiatives contribute to these goals through various programs and actions (see report).

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• IDC MarketScape Worldwide Leader in CX Improvement
• Martin Migoya CEO of the year Sadosky Awards
• Martin Migoya Innovative CEO of the year Argentina 2020

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity, Equity, and Inclusion (DEI)
• Governance
• Well-being
• Ethics in AI
• Education
• Community engagement
• Sustainable tech

Environmental Achievements

• Achieved carbon neutrality in 2021 and continued efforts in 2022.
• Sourced 100% renewable electricity across all operations.
• Reduced GHG emission intensity from 0.70 tn CO2e/Glober to 0.66 tn CO2e/Glober despite significant growth.

Social Achievements

• Launched Open Career, enabling 10,000 Globers to apply for new projects.
• Increased hiring of women and non-binary individuals by 3% compared to 2021.
• Launched various initiatives to support women and non-binary individuals in STEM fields.
• Globanteers program impacted nearly 100,000 beneficiaries through 16,000 volunteer hours.

Governance Achievements

• Updated Procedures for Identifying and Evaluating Director Candidates.
• Adopted the 2022 Code of Ethics and Anti-Bribery and Anti-Corruption Policy.
• Implemented mandatory Code of Ethics training for almost 90% of Globers.
• Board of Directors composition: 33% female, over 67% independent directors, over 60% reported as ethnic minorities.

Climate Goals & Targets

Environmental Challenges

• Climate change risks and opportunities.
• Lack of tech talent in the industry.
• Data security breaches (one incident in 2022).

Mitigation Strategies

• Implemented a climate risk and opportunity analysis method.
• Embedded climate risks into the enterprise risk management (ERM) agenda.
• Developed alternative sourcing strategies for tech talent (organic growth, regionalization, M&A).
• Strengthened cybersecurity controls and capabilities after the data breach.
• Implemented security awareness training for all employees.

Supply Chain Management

Supplier Audits: 141 main suppliers, 76 critical suppliers

Responsible Procurement

• Code of Conduct provided in all contracts.
• ESG evaluation criteria for existing and new suppliers.

Climate-Related Risks & Opportunities

Transition Risks

• Market shifts in demand for services.

Opportunities

• Resource efficiency
• Energy sources
• Products and services
• Markets
• Resilience

Reporting Standards

Frameworks Used: Integrated Reporting Framework (IR Framework), Global Reporting Initiative (GRI) Standards 2021, Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), UN Global Compact Principles

Certifications: ISO 27001:2013, LEED GOLD (multiple facilities)

Third-party Assurance: Price Waterhouse & Co. S.R.L.

Sustainable Products & Innovation

• StarMeUp
• Kenari

Awards & Recognition

• S&P Global and Corporate Sustainability Assessment (CSA) in the Sustainability Yearbook 2023
• Numerous other awards listed in the report

Environmental Metrics

ESG Focus Areas

• Gender equality
• Community investment (coding scholarships)
• Environmental sustainability
• Human rights
• Ethical business practices
• Climate change
• Diversity, Equity & Inclusion (DEI)
• Well-being
• Data privacy
• Cybersecurity
• Sustainable supply chain

Environmental Achievements

• Achieved LEED Platinum certification for Iconic Building in Tandil, Argentina
• Named one of America’s Greenest companies by Newsweek
• Sourced 100% renewable electricity for all operations

Social Achievements

• Women that Build Awards with over 3,100 nominations and 120,000 votes globally
• Awarded 4,000 coding scholarships
• Achieved 8.1% employee turnover (lowest in company history)
• Launched Be Kind supplier program

Governance Achievements

• Established the position of Lead Independent Director
• Updated Code of Ethics and Anti-Harassment Policy
• Launched Supplier Code of Conduct
• Implemented Policy for Recovery of Erroneously Awarded Incentive-Based Compensation

Climate Goals & Targets

Environmental Challenges

• Evolving market for AI products and services
• Cybersecurity threats
• New ESG legislation and stakeholder expectations

Mitigation Strategies

• Developed AI Manifesto and mandatory AI training
• Launched Be Kind Tech Fund
• Proactive monitoring of ESG regulations
• Robust cybersecurity risk management systems and processes

Supply Chain Management

Supplier Audits: 87 critical suppliers assessed through Be Kind Supplier program

Responsible Procurement

• ESG clause in Procurement Policy
• Supplier Code of Conduct
• Be Kind Due Diligence Questionnaire

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: Integrated Reporting Framework (IR Framework), Global Reporting Initiative (GRI) Standards 2021, Sustainability Accounting Standards Board (SASB) Standards 2023, TCFD

Certifications: ISO 9001:2015, CMMI Development V2.0, SOC 1 Type 2, SOC 2 Type 2, ISO 27000, ISO 45001-2018, LEED Gold, LEED Platinum, ENERGY STAR, BREEAM

Third-party Assurance: Price Waterhouse & Co. S.R.L.

UN Sustainable Development Goals

• Not disclosed

Sustainable Products & Innovation

• AGUA platform
• Sustainability Calculator & Dashboard

Awards & Recognition

• Top 10 Strongest IT Services Brand by Brand Finance
• Fortune’s 100 Fastest-Growing Companies
• America’s Greenest companies by Newsweek
• S&P Global Sustainability Yearbook
• Many other awards listed in the report