ST Engineering Annual Report 2020

75 ANNUAL REPORT 2 0 20 / This report focuses on the sustainability practices of ST Engineering and addresses our material ESG factors. It is prepared in accordance with GRI Standards: Core Option, and is guided by the SGX Reporting Guide and the LBG Framework. This report should be read in conjunction with the GRI Content Index and other information published in the Sustainability section of our website at www.stengg.com . About Sustainability Report 2020 Our Approach CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT Sustainability Governance As part of the Group's commitment to making sustainability a core part of its business strategy, the Group Chief Strategy Officer took on an expanded role as Group Chief Strategy & Sustainability Officer effective 1 January 2021. This allows us to fully incorporate ESG considerations into our business strategies and plans. The Group Chief Strategy & Sustainability Officer is accountable to the Group President & CEO and works with the senior leadership team on sustainability matters. He is supported by a sustainability working group, comprising members from key business areas and corporate functions, with specific sub-committees focusing on each material ESG factor. ST Engineering’s Risk and Sustainability Committee (RSC) assists the Board in its sustainability governance responsibility. The RSC’s role is one of oversight while the ongoing management of sustainability matters rests with the leadership team. The RSC approves the annual sustainability workplan and is updated on its progress and developments. The RSC is supported by the Risk & Assurance (R&A) function and the Group Strategy & Sustainability function. The R&A function is accountable to the Group President & CEO for matters relating to governance, risk and compliance. It ensures that ST Engineering manages its risks and has the right governance and controls in place to ensure compliance with all legal and regulatory requirements in the jurisdictions that the Group operates in. 1 Environmental Protection 2 Productivity 3 Green Products & Services Responsible Global Citizen Enabler of a Sustainable World E N V I R O N M E N T A L G O V E R N A N C E S O C I A L 4 Economic Performance 5 Responsible Procurement 6 Quality Products & Services 7 People Excellence 8 Total Workplace Safety & Health 9 Corporate Community Contributions ENVIRONMENTAL SOCIAL GOVERNANCE 10 Ethical Business & Regulatory Compliance Aligned to Global Standards & UN Sustainable Development Goals