Globant S.A. (GLOB): Analyse du Pestle [Jan-2025 Mise à jour]

Dans le paysage rapide des services technologiques mondiaux en évolution, Globant S.A. est une force dynamique naviguant dans les intersections complexes de l'innovation, des défis géopolitiques et de la transformation numérique. Cette analyse complète du pilon dévoile les facteurs externes à multiples facettes qui façonnent le positionnement stratégique de l'entreprise dans les domaines politiques, économiques, sociologiques, technologiques, juridiques et environnementaux. De ses racines en Argentine à son vaste empreinte mondiale, Globant illustre comment les entreprises technologiques modernes doivent être magistralement s'adapter à un écosystème commercial de plus en plus interconnecté et imprévisible.

Globant S.A. (GLOB) - Analyse du pilon: facteurs politiques

Engagement mondial du paysage politique

Globant opère dans 18 pays sur plusieurs continents, avec une présence significative dans:

Région	Pays	Indice de complexité politique
l'Amérique latine	Argentine, Uruguay, Brésil, Colombie	Moyen-élevé (6.2 / 10)
Amérique du Nord	États-Unis, Mexique	Faible médium (4,7 / 10)
Europe	Royaume-Uni, Espagne, Italie	Bas (3,9 / 10)

Gestion des risques géopolitiques

L'exposition au risque politique de Globant implique de multiples dimensions:

• Règlements sur les exportations technologiques affectant 37% des contrats de service internationaux
• Conformité des services numériques dans 6 cadres réglementaires différents
• Restrictions d'investissement étranger sur les marchés clés

Défis de l'environnement réglementaire

Les facteurs politiques ayant un impact sur les opérations de Globant comprennent:

Zone de réglementation	Impact potentiel	Stratégie d'atténuation
Lois sur la protection des données	Coûts de conformité du RGPD: 750 000 € par an	Intégration de l'équipe juridique locale
Contrôles d'exportation technologique	Risque de revenus potentiel: 12 à 15% des contrats internationaux	Modèle de livraison mondial diversifié
Dépistage des investissements étrangers	Durée du processus d'approbation: 3-6 mois	Engagement réglementaire proactif

Évaluation de la stabilité politique

La gestion des risques politiques de Globant implique une surveillance continue de:

• Indice de stabilité politique dans tous les pays opérationnels
• Restrictions commerciales potentielles
• Règlements sur le transfert de technologie
• Politiques gouvernementales de cybersécurité

Impact de la politique gouvernementale

Les principaux facteurs politiques influençant les décisions stratégiques de Globant comprennent:

• Restrictions d'exportation technologique en Argentine: affectant 22% des opérations régionales
• Règlement sur les visas technologiques américains: impact sur la mobilité des talents
• Directives des services numériques de l'Union européenne: exigences de conformité

Globant S.A. (GLOB) - Analyse du pilon: facteurs économiques

Bénéficiant de fortes tendances de transformation numérique sur les marchés mondiaux des entreprises

Globant a déclaré un chiffre d'affaires total de 1,47 milliard de dollars pour l'exercice 2022, avec Services de transformation numérique représentant un segment de croissance significatif. Les services numériques et cloud de l'entreprise ont augmenté de 19,4% en glissement annuel.

Segment des revenus	2022 Revenus ($ m)	Taux de croissance
Services de transformation numérique	712.3	19.4%
Services cloud	385.6	22.7%
Revenus totaux de l'entreprise	1,470.0	20.1%

Exposés aux fluctuations de la monnaie, en particulier sur les marchés latino-américains

En 2022, Globant a généré 42,3% de ses revenus des marchés d'Amérique latine, ce qui rend l'entreprise considérablement exposée à la volatilité des devises.

Répartition des revenus géographiques	Pourcentage
l'Amérique latine	42.3%
États-Unis	38.7%
Europe	19.0%

Modèle commercial résilient avec des sources de revenus diversifiées dans plusieurs industries

La diversification des revenus de Globant dans les industries assure la stabilité économique. Les segments clés de l'industrie comprennent:

• Services financiers: 25,6% des revenus totaux
• Médias & Divertissement: 18,3% des revenus totaux
• Technologie: 16,9% des revenus totaux
• Voyage & Hospitalité: 12,4% des revenus totaux

Opportunités de croissance potentielles dans les investissements des infrastructures numériques des marchés émergents

Le positionnement stratégique de Globant sur les marchés émergents montre un potentiel de croissance significative. L'investissement d'infrastructure numérique en Amérique latine devrait atteindre 37,5 milliards de dollars d'ici 2025.

Marché	Investissement d'infrastructure numérique (projection 2025)
l'Amérique latine	37,5 milliards de dollars
Brésil	15,2 milliards de dollars
Argentine	5,6 milliards de dollars

Globant S.A. (GLOB) - Analyse du pilon: facteurs sociaux

Tirer parti du bassin de talents mondiaux avec une main-d'œuvre multiculturelle dans plusieurs pays

Depuis 2024, Globant opère dans 22 pays avec une main-d'œuvre de 29 500+ employés. La société maintient une présence à travers l'Amérique latine, les États-Unis, l'Europe et l'Inde.

Pays	Nombre d'employés	Pourcentage de la main-d'œuvre mondiale
Argentine	12,500	42.4%
États-Unis	5,800	19.7%
Inde	3,600	12.2%
Autres pays	7,600	25.7%

S'adapter aux tendances de travail à distance et aux modèles de collaboration d'équipe distribués

En 2024, Globant rapporte 68% de ses effectifs en utilisant des accords de travail hybrides, avec 32% des employés entièrement distants dans des emplacements mondiaux.

Modèle de travail	Pourcentage de la main-d'œuvre
Travail hybride	68%
Entièrement éloigné	32%

Répondre à la pénurie de compétences grâce à des programmes de recrutement et de formation innovants

Globant a investi 42,3 millions de dollars dans des programmes de formation et de développement en 2023, ciblant les compétences technologiques émergentes.

Investissement en formation	Heures de formation par employé	Nouvelles compétences développées
42,3 millions de dollars	86 heures / employé	IA, nuage, cybersécurité

Se concentrer sur la diversité et l'inclusion dans le développement de la main-d'œuvre technologique

En 2024, Globant maintient une main-d'œuvre diversifiée avec une représentation féminine de 45% dans des rôles techniques.

Métrique de la diversité	Pourcentage
Représentation féminine dans des rôles techniques	45%
Positions en leadership occupées par des femmes	38%
Minorités sous-représentées dans la technologie	22%

Globant S.A. (GLOB) - Analyse du pilon: facteurs technologiques

Leader dans les services de conseil en transformation numérique et en technologie émergente

Globant a déclaré 1,09 milliard de dollars de revenus pour le quatrième trimestre 2023, avec 78% des revenus tirés des services de transformation numérique et cloud. L'entreprise dessert plus de 1 200 clients dans 25 pays, avec une main-d'œuvre technologique de 29 500+ professionnels.

Catégorie de service technologique	Contribution des revenus	Taux de croissance
Transformation numérique	42%	15.3%
Cloud computing	22%	18.7%
IA / Machine Learning	18%	26.5%

Investir dans l'IA, le cloud computing et les technologies de développement logiciel avancées

En 2023, Globant a investi 127 millions de dollars dans la R&D, ce qui représente 11,6% des revenus annuels totaux. La société a 17 partenariats technologiques stratégiques avec les principaux fournisseurs de cloud et de technologie.

Partenariat technologique	Domaine de mise au point	Investissement
Google Cloud	Migration du nuage	35,4 M $
Microsoft Azure	Solutions d'entreprise	28,7 M $
AWS	Infrastructure cloud	32,6 M $

Innovation continue en ingénierie numérique et conception de produits

Globant maintient 12 studios d'innovation À l'échelle mondiale, en se concentrant sur les technologies émergentes. En 2023, la société a déposé 47 brevets de nouvelles technologies et développé 63 solutions logicielles propriétaires.

Développement de solutions technologiques propriétaires

La pile technologique de l'entreprise comprend 23 plateformes numériques spécialisées relever les défis numériques de l'entreprise. Ces plateformes ont généré 246 millions de dollars de revenus en 2023, avec une croissance de 22% sur toute l'année.

• Plates-formes de développement de logiciels basées sur l'IA
• Outils d'accélération de la migration du cloud
• Solutions de cybersécurité d'entreprise
• Frameworks d'analyse de données et d'apprentissage automatique

Globant S.A. (GLOB) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations internationales de protection des données comme le RGPD

Globant S.A. opère dans des cadres de conformité stricts sur la protection des données dans plusieurs juridictions. Depuis 2024, la société maintient la conformité du RGPD avec les mesures clés suivantes:

Métrique réglementaire	Statut de conformité	Investissement annuel
Couverture de conformité du RGPD	100% opérations européennes	3,2 millions de dollars
Rôles des agents de protection des données	7 professionnels dévoués	1,5 million de dollars
Audits de conformité annuels	4 revues complètes	$750,000

Gérer les droits de propriété intellectuelle dans plusieurs juridictions

Portefeuille de propriété intellectuelle:

Catégorie IP	Inscriptions totales	Dépenses de protection annuelles
Brevets	127 brevets actifs	2,1 millions de dollars
Marques	246 marques enregistrées	1,3 million de dollars
Droits d'auteur	392 Copyrights logiciels	$850,000

Navigation de réglementation complexe du travail et de l'emploi internationaux

Mesures de conformité mondiale de la main-d'œuvre de Globant:

Dimension réglementaire	Métrique de conformité	Investissement annuel de conformité
Conformité au droit du travail	98,7% d'adhésion mondiale	4,5 millions de dollars
Contrats d'emploi internationaux	17 cadres juridictionnels différents	2,3 millions de dollars
Documentation des droits des employés	6 langues prises en charge	$750,000

Assurer la conformité à la cybersécurité et à la confidentialité des données dans la prestation de services mondiaux

Métriques de la conformité à la cybersécurité:

Dimension de sécurité	Niveau de conformité	Investissement annuel
Certification ISO 27001	100% opérations mondiales	5,6 millions de dollars
Prévention de la violation des données	Zéro incidents critiques en 2023	3,2 millions de dollars
Formation en cybersécurité	4 200 employés formés	1,7 million de dollars

Globant S.A. (GLOB) - Analyse du pilon: facteurs environnementaux

Mettre en œuvre des solutions technologiques durables pour les clients

Globant a déclaré que 93% de ses clients se sont livrés à des projets technologiques axés sur la durabilité en 2023. La société a développé 247 solutions technologiques vertes dans plusieurs secteurs industriels.

Catégorie de solution de durabilité	Nombre de projets	Pourcentage d'engagement client
Solutions d'efficacité énergétique	87	42%
Technologies de suivi du carbone	63	29%
Plateformes numériques de l'économie circulaire	47	22%
Systèmes de gestion des énergies renouvelables	50	24%

Réduire l'empreinte carbone grâce à un travail à distance et à une collaboration numérique

Le modèle de travail à distance de Globant a réduit les émissions de carbone d'entreprise de 68% par rapport aux opérations traditionnelles en fonction de bureau. La société a sauvé 3 742 tonnes métriques d'émissions de CO2 en 2023 par le biais de stratégies de collaboration numérique.

Métrique de réduction du carbone	Valeur 2023
Les émissions totales de CO2 évitées	3 742 tonnes métriques
Taux de participation au travail à distance	87%
Heures de collaboration numérique	1 246 000 heures

Promouvoir la technologie verte et les stratégies de transformation numérique durables

Globant a investi 22,3 millions de dollars dans la recherche et le développement des technologies vertes en 2023. La société a lancé 36 initiatives de transformation numérique durable sur les marchés mondiaux.

• Investissements de développement vert AI: 8,7 millions de dollars
• Solutions de cloud computing durables: 6,5 millions de dollars
• Recherche en génie logiciel respectueux de l'environnement: 7,1 millions de dollars

Développer des mesures de durabilité environnementale dans le conseil technologique

Globant a établi un suivi complet de la durabilité environnementale dans 412 projets de conseil technologique. La société a mis en œuvre des protocoles de mesure standardisés du carbone pour les initiatives de transformation numérique.

Catégorie métrique de la durabilité	Couverture de suivi
Suivi des émissions de carbone	98%
Mesure de l'efficacité énergétique	92%
Surveillance d'optimisation des ressources	85%

Globant S.A. (GLOB) - PESTLE Analysis: Social factors

Growing demand for remote and hybrid work models influences talent retention and recruitment.

You're seeing the global shift to flexible work solidify, and for a distributed company like Globant, this is both an opportunity and a retention risk. The company operates across more than 30 countries and has historically embraced a distributed model, which is now a major expectation for top talent. Still, managing a workforce that peaked at 31,280 Globers at the end of 2024, but subsequently optimized down to 29,020 by the end of Q3 2025, requires a constant recalibration of culture and cost.

This operational shift is visible in the financials. Globant executed a Business Optimization Plan in Q2 2025, which included a one-time charge of $47.6 million. This move, while aimed at enhancing near-term profitability and strategically allocating resources toward high-growth areas like AI, shows the high cost and complexity of adjusting a large global talent base to dynamic market demand.

Your action here is to watch the efficiency metrics. The company's ability to maintain a Non-IFRS Adjusted Profit from Operations Margin of at least 15.0% for the full fiscal year 2025, despite the optimization charge and headcount reduction, suggests they are successfully streamlining operations and focusing on high-value projects.

Focus on diversity and inclusion (D&I) in tech is a key client and employee expectation.

Clients, especially those in North America which accounts for over 53.8% of Globant's Q3 2025 revenue, are increasingly demanding D&I metrics and ethical supply chains from their service providers.

Globant addresses this through its Be Kind to your Peers (BKTP) initiative, which focuses on three core pillars: Gender and sexuality, Accessibility and neurodiversity, and Multiculturalism and ethnicity. This isn't just a compliance issue; it's a competitive advantage, as diverse teams drive innovation.

The company backs this commitment with concrete programs, such as the Women that Build Awards, which received over 3,100 nominations in 2023, and the awarding of 4,000 coding scholarships in the same year to foster talent in developing communities. These initiatives are essential for attracting and retaining talent who prioritize purpose-driven work.

• D&I Focus Areas:
• Gender and sexuality initiatives (e.g., Women that Build Awards).
• Accessibility and neurodiversity programs.
• Multiculturalism and ethnicity inclusion.

Increased client scrutiny on ethical AI practices and data usage demands transparency.

As Generative AI (GenAI) adoption accelerates across industries, client scrutiny on the ethical implications of AI systems is at an all-time high. Globant, which has positioned itself as a full-stack AI company, must demonstrate algorithmic accountability.

The company has formalized its stance with an Artificial Intelligence Manifesto, which is a clear commitment to clients and the public. This manifesto outlines key principles that guide their AI Studio Network and the Globant Enterprise AI Platform, which are central to their business model.

The core principles of their ethical framework include: Respectful Data (ensuring compliance and privacy), Fairness (avoiding biased results), and Transparency (committing to algorithmic accountability). They also explicitly state they will not pursue AI applications that contravene law or public order, such as systems developed to spread untrustworthy information. This is a critical risk mitigation step in a market demanding responsible AI governance.

The global talent war for specialized AI/Data Science skills raises compensation costs.

The rapid acceleration of GenAI adoption has created an intense global war for specialized skills, particularly in AI and Data Science. This demand directly translates into higher compensation costs, which pressures the Gross Profit Margin.

Globant is actively addressing this by focusing on its AI Studios and the Globant Enterprise AI Platform, which are designed to embed AI deeply within client industries. This focus on high-value, specialized service allows them to command higher rates and justify the increased investment in top-tier AI talent.

The company's ability to deliver a Non-IFRS Adjusted Gross Profit Margin of 38.1% in the first nine months of 2025, despite the talent market pressures, shows effective cost management and pricing power in their specialized services. Simply put, they are paying more for the best, but charging more for the best work.

Here's the quick math on their talent base size in 2025, which reflects this strategic focus:

Metric	Value (2025)	Context
Total Globers (Sept 30, 2025)	29,020	Reflects a strategic headcount optimization.
Technology Professionals (Sept 30, 2025)	27,123	Core talent base for service delivery.
Business Optimization Charge (Q2 2025)	$47.6 million	One-time charge for strategic realignment and cost management.

Globant S.A. (GLOB) - PESTLE Analysis: Technological factors

Rapid advancement of Generative AI (GenAI) both disrupts and creates new service lines.

You can't talk about technology in 2025 without starting with Generative AI (GenAI). For Globant S.A., this isn't just a buzzword; it's a massive, two-sided market force. On one hand, it disrupts traditional software development models by automating code generation, but on the other, it creates entirely new, high-margin service lines. The company is leaning hard into the opportunity, projecting the total market for generative AI to reach a five-year Compound Annual Growth Rate (CAGR) of 73.5% by 2028.

Globant's pipeline reflects this shift, reaching an all-time high of $3.7 billion in Q2 2025, a 25% increase year-over-year, largely driven by demand for its AI-focused offerings. To put a number on the speed of this change, AI-related projects contributed over $350 million to revenue in 2024, which was a 110% increase from the prior year.

Need to quickly integrate AI into core offerings to maintain competitive edge.

The imperative for Globant is to move faster than the competition, positioning itself as a 'full-stack AI company.' This means integrating AI not just as a new service, but as the core operating model. To fund this, the company executed a Business Optimization Plan in Q2 2025, which included a one-time charge of $47.6 million to strategically reallocate resources toward its AI initiatives. That's a clear signal: they are willing to take a short-term financial hit for long-term strategic advantage. This shift is driving a fundamental change in how they charge clients.

The company's strategy is built on four core pillars, moving away from the traditional time-and-materials model:

• AI Pods: Virtual, outcome-driven AI teams.
• Subscription Model: Consumption-based, outcome-aligned pricing for AI services.
• AI Studios: Specialized teams for enterprise-scale GenAI adoption.
• Globant Enterprise AI Platform: The toolkit for integrating AI agents across enterprise workflows.

They are now shifting toward charging for AI Agents based on performance, not just human effort, which is how they'll defintely decouple revenue growth from a linear headcount model.

Cybersecurity threats (ransomware, supply chain attacks) necessitate continuous investment in security services.

As digital transformation accelerates, so does the attack surface for clients. The sophistication of threats like ransomware and supply chain attacks means that cybersecurity (or 'Cybersecurity' as Globant calls it) is no longer a separate IT project but a continuous, non-negotiable part of every cloud and AI engagement. Globant offers digital solutions that explicitly include cybersecurity, and they are an active member of the Cybersecurity Tech Accord, underscoring their commitment to industry-wide security standards.

While specific 2025 revenue for their security practice isn't broken out, the need for robust security is baked into the demand for their core services. The continuous investment here is defensive-it protects their clients' data and their own reputation, which is critical for securing large, multi-year contracts in industries like financial services and healthcare.

Cloud adoption and migration services remain a primary revenue driver.

Despite the intense focus on AI, cloud adoption and migration remain the foundational work driving a significant portion of Globant's revenue. The company is a key partner for major cloud providers, offering enterprise technology solutions for AWS, Google Cloud, and Microsoft. Their status as a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers (2024) by IDC MarketScape confirms their strength in this area.

Here's the quick math: Globant's full-year 2025 revenue is forecasted to be in the range of $2.635 billion to $2.705 billion. Cloud services, which include infrastructure modernization and platform engineering, are a fundamental component of this total, especially in North America, which accounts for 53.8% of their Q3 2025 revenue. Cloud is the platform; AI is the application layer. You can't have one without the other at scale.

Technological Factor	2025 Financial/Metric Data	Strategic Impact
Generative AI (GenAI) Focus	AI-related projects contributed $350 million in 2024 revenue, a 110% YoY increase.	Positions Globant as a 'full-stack AI company,' shifting the business model to outcome-based pricing (AI Pods/Subscription Model).
Total Pipeline Demand	All-time high pipeline of $3.7 billion in Q2 2025, up 25% year-over-year.	Indicates strong future demand, particularly for their differentiated AI and digital transformation offerings.
Strategic Investment	One-time charge of $47.6 million in Q2 2025 for a Business Optimization Plan to fund AI and strategic initiatives.	Enhances near-term profitability and strategically allocates capital to high-growth areas like AI Pods and the Globant Enterprise AI platform.
Cloud/Digital Foundation	Part of the overall FY 2025 revenue forecast of $2.635 billion to $2.705 billion. North America (top market) is 53.8% of Q3 2025 revenue.	Remains the primary platform for all digital transformation and AI projects, driven by partnerships with major providers (AWS, Google Cloud, Microsoft).

Globant S.A. (GLOB) - PESTLE Analysis: Legal factors

Stricter global data privacy laws (e.g., GDPR, CCPA) increase compliance costs for all client projects.

You are operating in a world where data privacy is no longer a legal footnote; it's a core financial risk. For Globant S.A., with an estimated fiscal year 2025 revenue of at least $2,447.4 million, the stakes are enormous because nearly 73.2% of your Q3 2025 revenue comes from North America and Europe, the epicenters of regulation (North America at 53.8%, Europe at 19.4%).

The cost of non-compliance is staggering. A major breach under the General Data Protection Regulation (GDPR) can result in a fine of up to 4% of global annual revenue, which translates to a potential penalty of approximately $98 million based on your 2025 revenue estimates. That's a massive hit to your bottom line. Beyond the fines, large multinational organizations typically spend over $1 million annually on GDPR compliance, with about 40% of global firms spending over $10 million a year just to maintain compliance. This is a recurring, non-negotiable operational cost that grows with every new client and every new jurisdiction.

Intellectual property (IP) ownership disputes, particularly in co-developed AI solutions, pose a risk.

Globant's strategy is heavily focused on Artificial Intelligence (AI) and digital transformation, which is great for growth, but it puts a giant target on your Intellectual Property (IP) portfolio. When you co-develop AI solutions with clients, the lines of ownership-who owns the foundational model, the training data, the custom-built application layer-are inherently blurry. This ambiguity is a breeding ground for legal disputes.

For a company that is actively marketing an 'IP PROTECTION' solution, the risk is real. We've already seen minor legal issues surface, like the WIPO Domain Name Dispute Case No. D2025-2311 in June 2025, which, while small, shows the constant need for legal defense of the brand and associated digital assets. The bigger issue is the EU's new AI Act, which carries maximum penalties of up to 7% of global turnover or €35 million, whichever is higher, for non-compliance, far surpassing GDPR's fine structure. That's the new legal environment for your core product line.

Labor laws in multiple jurisdictions (US, India, LatAm) complicate global workforce management.

Managing over 29,020 Globers across 32 countries is a logistical and legal challenge, especially with your flexible work model. The labor landscape is constantly shifting in your key delivery centers, and these changes directly impact compensation, benefits, and work structure.

Look at Latin America (LatAm), which makes up 19.9% of your Q3 2025 revenue:

• Colombia: The maximum working week is being reduced to 44 hours as of July 2025, which requires immediate adjustment to project billing and resource allocation.
• Mexico: A bill to reduce the work week to 40 hours is on the table and may pass in early 2025, increasing labor costs per hour.

Plus, India's new labor codes, which consolidate 29 existing laws, are set for implementation in 2025. You have to track and implement these changes in real-time for thousands of employees, and that requires significant investment in local legal and HR teams. One clean one-liner: Your global workforce is your greatest asset and your greatest compliance headache.

Antitrust scrutiny on large tech mergers could impact partnership opportunities.

While Globant S.A. is not a 'Big Tech' company, your M&A strategy-often acquiring smaller, innovative firms to build out your AI and digital capabilities-is now under a microscope. Antitrust regulators in the US (FTC, DOJ) and the EU are intensely focused on the AI sector in 2025. They are scrutinizing partnerships and minority investments between large incumbents and smaller AI firms to prevent market consolidation and undue influence.

This scrutiny complicates your ability to execute a quick 'acqui-hire' or a strategic partnership, especially for AI-focused deals that are central to your growth. Any deal you pursue that involves a significant AI capability or a large customer base in the US or Europe will face longer review periods and a higher risk of intervention. This is a clear headwind for your inorganic growth strategy. You need to bake a longer, more expensive regulatory review into every M&A projection.

Legal Risk Factor	2025 Quantitative Impact / Context	Globant S.A. Exposure
Maximum GDPR Fine Exposure	Up to 4% of global annual revenue, or approx. $98 million (based on $2.447B revenue estimate).	19.4% of Q3 2025 revenue from Europe.
EU AI Act Maximum Fine	Up to 7% of global turnover or €35 million.	Directly impacts core AI solutions and services offered to European clients.
Labor Law Change (LatAm)	Colombia's maximum work week reduces to 44 hours by July 2025.	19.9% of Q3 2025 revenue from Latin America. Global workforce of 29,020 Globers.
Antitrust Scrutiny Focus	US FTC/DOJ and EU regulators are intensely scrutinizing AI partnerships and minority investments.	Increased regulatory risk and timeline for M&A deals aimed at acquiring AI capabilities.

Globant S.A. (GLOB) - PESTLE Analysis: Environmental factors

Client and investor demand for verifiable ESG (Environmental, Social, and Governance) reporting is rising

You are seeing a non-negotiable shift where clients and investors demand concrete, verifiable data on a company's environmental impact. For Globant S.A., this is a critical transition risk. The company is actively aligning its reporting with major global frameworks like the Task Force on Climate-related Financial Disclosures (TCFD), the Corporate Sustainability Reporting Directive (CSRD), and the European Sustainability Reporting Standards (ESRS).

Frankly, failure to meet these evolving stakeholder expectations-especially from large corporate clients-can directly erode trust and limit business opportunities. Wall Street is already focused on this; a March 2025 analysis noted that Globant faces significant risks related to ESG compliance and the complexity of adhering to varying global regulations.

The market signal is clear: a March 2023 survey of senior decision-makers, cited by Globant, showed that sustainability was the number one priority for the next twelve months for 43% of respondents, surpassing technology. Your clients are making decisions based on this. Globant's commitment to transparency is a competitive advantage, not just a compliance exercise.

Need to meet carbon neutrality targets for global operations to satisfy corporate clients

The good news is that Globant is ahead of the curve here. The company has been carbon neutral since 2021 by compensating for its remaining emissions. This achievement is built on a foundation of using 100% renewable electricity in its operations, a goal accomplished back in 2020. That's a strong operational statement.

The firm has also committed to the Science Based Targets (SBT) Business Ambition for a 1.5°C trajectory, with a long-term goal of achieving Net-Zero emissions by 2050. More importantly, this focus is a core part of the client offering through the Sustainable Business Studio, which helps clients achieve their own climate roadmaps. Globant has set a massive, client-facing goal to help them avoid 10 million tons of CO2 by 2030 through 'Digital Sobriety' techniques. This turns an environmental cost into a revenue-generating service.

Managing e-waste from hardware refresh cycles in large, global offices

As a technology services company with over 31,200 employees across 35 countries as of Q1 2025, hardware refresh cycles generate a substantial amount of electronic waste (e-waste).

The key metric here is diversion from landfill. In 2023, Globant reported responsibly managing 3,739 kg of e-waste. Of that total, 91.4% was successfully diverted from disposal through recycling and repurposed methods. This is a solid percentage, but the absolute volume will only grow with the company's expansion and the increasing complexity of IT assets. The focus must remain on extending hardware life and ensuring certified, ethical disposal for the remaining fraction. It's a logistical challenge across dozens of international offices.

Here's the quick math on e-waste management:

Metric	Value (2023 Fiscal Year)	Significance
Total E-Waste Managed	3,739 kg	Represents hardware from office refresh cycles.
E-Waste Diverted (Recycled/Repurposed)	91.4%	High diversion rate mitigates environmental and reputational risk.
E-Waste Sent to Disposal (Estimate)	~321 kg	The remaining portion still requires careful, certified disposal.

Climate-related events could disrupt operations in key delivery centers

Globant operates a geographically distributed model, which inherently provides a buffer against localized physical climate risks. Still, the increasing frequency of extreme weather events is a major macro risk for any global enterprise in 2025.

The company has acknowledged this by including an 'adapt' pillar in its climate strategy following its third TCFD analysis in 2024. While the TCFD risk analysis in 2023 found no significant risks to the business, vigilance is key. General supply chain analysis for 2025 highlights that extreme weather is a top risk, with floods accounting for 70% of weather-related risks in 2024.

Your exposure is primarily in key delivery centers across Latin America, the US, Europe, and India. A severe flood in a major city like Buenos Aires or Bogotá, or a sustained heatwave impacting data center cooling in a US hub, could lead to short-term operational disruption and increased insurance costs.

• Risk: Floods and extreme heat, which accounted for a majority of 2024 weather-related risks globally.
• Mitigation: Geographically distributed workforce of over 31,200 employees across 35 countries.
• Action: Continue to embed physical and transition risk analysis into the enterprise risk management (ERM) agenda.

The distributed nature of the business is a defintely strong defense.