ST Engineering Sustainability Report 2021

MANAGEMENT APPROACH Inclusive growth and value creation for the Group and stakeholders are key to our long term viability. We invest and contribute to the local communities where we operate so that they will thrive and become more resilient. We are committed to delivering a sustainable and balanced triple bottom line of “People, Planet, Profit”. We do this by creating employment and providing opportunities for local SMEs, partner with local education and training institutions, and collaborating with research organisations. We also assist our communities through our corporate community contributions. Our strategic planning community reviews the Group’s strategy in the evolving context of global trends and developments. Our operations and support function teams focus on operational excellence to ensure the smooth delivery of quality products and services that add value for our stakeholders. Wherever we operate, we are committed to paying our share of taxes and the transparent reporting of what we pay. We also support accountability in the way taxes and royalties are used. SOCIAL → Economic Performance 47 ST ENGINEERING SUSTAINABILITY REPORT 2021 OVERVIEW OUR SUSTAINABILITY APPROACH ENVIRONMENTAL SOCIAL GOVERNANCE AWARDS INDEX

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