MESSAGE FROM GROUP PRESIDENT & CEO OVERVIEW We aim to harness our diverse capabilities and collaborate with innovative companies and institutions for more sustainable solutions. A PURPOSE-DRIVEN GROUP At ST Engineering, we are dedicated to harnessing technology and innovation to foster a more secure and sustainable future. Our sustainability journey is driven by a commitment to long-term resilience and the creation of sustainable value for all our stakeholders, including customers, employees, communities, shareholders, governments, and suppliers. In an increasingly uncertain world caused by geopolitical tensions, extreme weather, and industry disruptions, we are steadfast in our commitment to integrating sustainability into our strategies and operations to ensure our continued resilience. DOING OUR PART 2024 has been a progressive year for us. We made steady advancements in various key sustainability areas as we continue to strengthen our commitment to ESG principles: • ENVIRONMENT: We continued to foster an environmentally conscious culture among our employees through regular events, such as our Tree Planting Days. Previously, we set a target to halve our Scope 1 and Scope 2 absolute GHG emissions by 2030 compared to 2010. This year, we refreshed our base year to 2015, in line with best practices. Compared to the 2015 base year, we achieved an emission reduction of 25% in 2024. This was achieved through a combination of initiatives, including streamlining processes and facilities via smart systems and other energy-efficient technologies and expanding solar panel installation. 20% of our electricity consumption from global operations were derived from renewable energy. • HEALTH & SAFETY: Beyond our regular workplace safety walkabouts helmed by senior management, we offered a range of health and wellness programmes to our employees, including a newly implemented heat stress management programme. We had zero fatalities in our operations this year. • PEOPLE: Our people are vital to our business success. We recognise the importance of diversity, equity, and inclusion and also place great emphasis on employee benefits and training. In 2024, we signed the Enabling Employment Pledge to affirm our commitment to adopt an inclusive mindset towards employees with disabilities, create barrier-free workplace environments, and implement supportive employment policies for employees with disabilities. Additionally, we introduced the online AI training programmes to upskill our employees. In recognition of our workforce’s AI skills achievement, ST Engineering was named the AI Pioneer at the 2024 LinkedIn Talent Awards, which celebrates organisations leading the future of work. • COMMUNITY: Our efforts in contributing back to the local communities we operate in, are 04 ST ENGINEERING | SUSTAINABILITY REPORT 2024
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