RESPONSIBLE & RESILIENT SUPPLY CHAIN ST Engineering’s supply chain is a key component of our competitiveness and resilience. Our supply chain is complex and diverse due to the range of businesses, as well as the multiple geographies we operate in. For example, our Singapore operations has over 9,800 suppliers. Of these, 73% are based in Singapore, 17% in Europe and North America, and the remaining 10% in other parts of the world. Our suppliers support our manufacturing, systems integration, MRO and services offerings through a variety of contracts that range from short to long-term. OUR COMMITMENT We are committed to procuring goods and services sustainably and responsibly to meet our business needs. OUR GOALS Our 2022 Goals Incorporate the Vendor Code of Conduct1 as a standard business requirement to all active suppliers who are supporting our Singapore operations Include ESG criteria in the screening of new suppliers who are supporting our global operations Our Achievements Incorporated the Supplier Code of Conduct into the General Terms and Conditions (T&Cs) of our purchase orders in our Singapore operations Expanded the ESG screening criteria in the accredited third-party screening system to include factors such as human rights, genocide, war crimes and environmental violations We used this for suppliers supporting our Singapore operations and implemented its use in more than 20 international business entities and subsidiaries. This will be progressively adopted by all our global units Our 2023 Goals To progressively include ESG elements as part of the tender award evaluation criteria To develop a supply chain resilience framework 1 Our Supplier Code of Conduct was previously referred to as our Vendor Code of Conduct In 2022, our total procurement spent amounted to $5.2b ECONOMIC
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