The RSC exercises oversight on ST Engineering’s sustainability strategy, material ESG issues, workplans, performance targets, sustainability reporting and climate-related initiatives. In 2022, the RSC’s scope and responsibilities were updated to cover climate change. The RSC has oversight of climate-related risks, opportunities as well as initiatives that drive climate mitigation and adaptation strategies. Climate-related plans and progress are regularly reviewed by the RSC. The EXCO reviews and approves ST Engineering’s climate strategy and ESG decisions for the Group’s global operations. The EXCO is accountable to the Board for the implementation of the climaterelated strategy and direction. The Group Chief Strategy and Sustainability Officer assists the EXCO in ensuring that the impact of climate change is taken into consideration in all business strategies and operational plans. Various committees, working groups and focus teams across the Group and its business areas support the execution of these plans. Given the increased focus on climate change, the CCWC was established in 2022 as a key platform for integrating and executing climate-related efforts. The CCWC comprises global operations leaders across all our business areas and is chaired by the Group Chief Strategy and Sustainability Officer and sponsored by the Group Chief Financial Officer. Business leaders, regional heads and function heads are responsible for addressing the risks and opportunities in their respective areas of responsibility. Plans and actions needed are discussed at various management fora and incorporated into the strategic planning and annual budgeting processes. OUR STRATEGY: MINIMISING RISKS AND MAXIMISING OPPORTUNITIES ST Engineering recognises the risks and opportunities presented by climate change to our business. We are committed to communicating our approach and strategies for climate mitigation, adaptation and resilience to our stakeholders. In assessing the impact of climate change on our business over the short, medium, MULTIMODAL TRANSPORTATION REMOTE SUPPLY CHAIN MONITORING DIGITAL SOLUTIONS FOR OPERATIONS EFFICIENCY NAVIGATION SOLUTIONS CLIMATE ADAPTATION CLIMATE MONITORING & RESPONSE ZERO-WASTE AND CIRCULAR ECONOMY New Long-term Immediate Horizon MOONSHOTS STEP OUTS LONG-TERM OPPORTUNITIES Existing Capabilities CLIMATE OPPORTUNITIES MAPPING OVERVIEW OUR SUSTAINABILITY APPROACH ECONOMIC ENVIRONMENTAL SOCIAL GOVERNANCE INDEX 19
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