Board Statement on Sustainability
The Board of Directors oversees the review by Management of material environmental, social and governance (ESG) factors for ST Engineering and takes them into consideration when setting the Group’s strategic direction. In our review this year, we reaffirmed the importance and relevance of our 10 material ESG factors and assessed such factors from the perspective of their impact materiality and financial materiality.
We remain steadfast in positively impacting people’s lives and the health of our planet by operating responsibly in our communities and the wider global ecosystem. We create value by addressing real-world problems, including those related to climate change, urbanisation, pandemics, public safety and evolving security challenges. We harness technology and innovation to enable a more secure and sustainable world.
In our efforts to decarbonise, we are focusing in the medium term on seizing opportunities and managing risks related to climate change across our global units. We have also linked Management’s long-term rewards and compensation to climate-related targets given its importance to the success of the Group.
The Group actively integrates artificial intelligence (AI) across our own operations, products and services, to enhance operational efficiency, security and service delivery. We maintain oversight through the Group’s AI Governance Framework to ensure responsible and ethical use of AI.
