ENVIRONMENTAL PROTECTION ENVIRONMENTAL Climate change is an urgent and important issue that organisations need to manage, as an organisation’s longevity and success are closely intertwined with the wellbeing of the environment. A low carbon business strategy is not only good for the environment, but also enables us to better respond to climate change related regulations and price volatilities of hydrocarbon resources. At ST Engineering, we strive to conduct our business responsibly without compromising the needs of future generations as we recognise the impact of environmental degradation and climate change. OUR APPROACH TO ENVIRONMENTAL PROTECTION We are Guided by Global Best Practices and Local Laws and Regulations We have robust environmental management systems that are based on well-established international standards. For example, in Singapore, our material business units are certified to ISO 14001 Environmental Management Systems. We continuously work towards obtaining external assurance for our environmental data globally. Our material Singapore business units’ GHG emissions are externally validated in accordance with ISO 14064-1:2018 Greenhouse Gases by an accredited third-party certification body. We are progressively obtaining external assurance of our global GHG emissions. We comply with all applicable environmental laws and regulations in the geographies we operate in. Recognising Employees’ Environmental Efforts at our Annual Sustainability Champion Awards We acknowledge and commend the exceptional efforts of our employees and businesses in integrating sustainability into our operations, through our annual Sustainability Champion Awards. At our 2024 Annual Convention, we recognised colleagues from our Land Systems, Commercial Aerospace and Defence Aerospace business areas for their commendable decarbonisation efforts. Some of the key initiatives undertaken include finalising a green electricity contract, installing solar photovoltaic (PV) panels, partially switching from natural gas to biogas, conducting product carbon footprint studies, electrifying vehicle fleets, and implementing a smart metering project to improve data accuracy. 26 ST ENGINEERING | SUSTAINABILITY REPORT 2024
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