ST Engineering Annual Report 2020

Materiality Assessment & Stakeholders We identify and prioritise sustainability issues that matter most to ST Engineering and our stakeholders through materiality assessments. Our Enterprise Risk Management Framework provided the backdrop upon which the sustainability materiality SUSTAINABILITY assessment was carried out and reviewed, with both financial and non-financial impact assessed against the Group’s risk tolerance limits and implications for our key stakeholders. Material Stakeholders & Engagement Our operations generate employment, partnerships with local institutions, contracts for local small and medium-sized enterprises and tax revenue for governments. These in turn develop the economy in our host communities. We protect our environment and contribute to our communities through social programmes. Local Communities We disclose pertinent information on a timely basis, in a clear and concise manner. We comply with all relevant laws and regulations where we operate. We provide feedback to regulators on new regulations or revisions to regulations. Regulators & Governments Strong, ethical and mutually beneficial relationships with suppliers and collaborators are the cornerstones of our business. We engage suppliers through our vendor management programmes and stay connected with collaborators through frequent exchanges. Suppliers & Collaborators In line with our strong emphasis on corporate governance, we continue to build investor trust and confidence through open dialogue and two-way communication with shareholders and the investment community. Shareholders & Investors We forge enduring relationships with our customers and make sure that our products and services stay relevant, are safe and reliable, and meet their expectations. We regularly engage our customers and provide multiple feedback channels for them. Customers We are committed to enhancing our employees’ capabilities and capacity for growth, strengthening a passionate and engaged workforce, and staying at the forefront of people practices. We engage our people through open dialogues, continuous performance feedback, regular town halls and internal communications channels. Employees & Other Workers / ST ENG I NEER I NG 76