DOING OUR PART ST Engineering is committed to doing our part in mitigating and adapting to the effects of climate change. The Group established our initial GHG inventory processes in 2009. Our Singapore operations achieved our first externally validated assurance statement in 2012 for a 2011 GHG inventory. Over time, we have expanded our data collection to material business units globally. In 2024, we revised our base year from 2010 to 2015 in line with best practices, and target to halve our Scope 1 and 2 absolute GHG emissions by 2030 from the revised base year. Recognising the importance of understanding our emissions arising from our value chain, we are progressively expanding the tracking, disclosure and reduction of our Scope 3 GHG emissions, building upon efforts in 2023. Greening our Energy Sources To decarbonise and transition towards a carbon-lite future, ST Engineering is committed to exploring opportunities to harness renewable energy. ST Engineering has transitioned a significant part of our energy consumption to renewable sources such as solar power throughout our Recognising Employees’ Environmental Efforts at our Annual Sustainability Champion Awards We acknowledge and commend the exceptional efforts of our employees and business units 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 businesses for their commendable decarbonisation efforts. Some of the key initiatives undertaken include finalising a green electricity contract, installing solar 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. international and local businesses. Globally, 20% of our electricity is derived from renewable energy. Our Land Systems and Urban Solutions businesses are on track to install more solar panels on their facilities’ rooftops. OUR TARGET 50% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2015 base year OUR PROGRESS 25% 63 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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