GCSSO’S STATEMENT SUSTAINABILITY IS CRITICAL FOR OUR LONG-TERM SUCCESS The Group’s success hinges on delivering value to our stakeholders in a sustainable way. Our business practices are built upon our commitment to long-term thinking and consideration of multiple stakeholders’ interests, while delivering on customer needs today and into the future. We believe in doing our part by conducting our business sustainably, ethically and responsibly to build trust among our stakeholders while managing risks to our business. This includes shaping a sustainability-conscious culture amongst our employees, through mandatory e-learning modules on sustainability. Our courses introduce all full-time employees worldwide to the foundational concepts of sustainability, ST Engineering’s approach to sustainability initiatives, as well as best practices to reduce our carbon footprint. More importantly, we enable our customers to operate sustainably through our products and solutions. Our people and the communities we operate in are vital to our global success. We support inclusive development and foster an ecosystem that promotes the continuous growth of our business. We facilitate this by contributing to the communities that we operate in and investing in the development of our people. Amidst volatile markets and an uncertain world, integrating sustainability into our strategy and operations is key to ensuring our businesses remain resilient and relevant. At ST Engineering, we are dedicated to delivering sustainable value that positively impacts lives while safeguarding our planet. As a global business, we continuously navigate the evolving landscape of ESG regulations, integrate robust data practices and enhance the accountability of our operations. As we remain steadfast in pursuing our goals across our material factors, we constantly undertake initiatives to bolster our capacity to understand and act on sustainability risks and opportunities throughout our value chain. This year, we placed emphasis on our supply chain, people development and refined our approach towards community contribution. Aligned with our ethos of doing right and doing good as we do well, we are committed to make a difference in the five impact areas of People, Society, Governance, Environment and Economic. Thus, we will balance the needs of our stakeholders through responsible and effective longterm stewardship of the business. CHERYL CHAN Group Chief Strategy & Sustainability Officer and President, New Ventures WE CONDUCT OUR BUSINESS RESPONSIBLY ST Engineering is committed to: Protecting human rights and adhering to all labour laws and regulations where we operate. Maintaining zero tolerance for unethical labour practices such as child labour, forced labour, slavery and human trafficking in any of our operations. Prohibiting discrimination and harassment at our workplaces. Supporting the right to freedom of association and encouraging effective communication and consultation with our employees. Not designing, producing or selling anti-personnel mines, cluster munitions and white phosphorous munitions or any of their related key components. Complying with all Export Control Regimes governing the export of Controlled Items in all jurisdictions we operate in. Zero tolerance for fraud and corrupt practices. SUSTAINABILITY 60 ST ENGINEERING | ANNUAL REPORT 2024
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