First launched in July 2022, the SLFF is a key element of STT GDC’s Environmental, Social, and Governance (ESG) technique. This framework facilitates the structuring of STT GDC’s financing, the place relevant, within the type of Sustainability-Linked Financing Transactions (SLFTs) together with, however not restricted to, Sustainability-Linked Bonds (SLBs) together with Sustainability-linked Perpetuals (SLPs), and Sustainability-Linked Loans (SLLs). The corporate efficiently issued the first-ever Sustainability-Linked perpetual securities in Asia beneath this framework in January 2024.
The improved SLFF demonstrates the corporate’s dedication to extra bold sustainability objectives and upholds STT GDC’s sustainability commitments with stringent Key Efficiency Indicators (KPIs) and Sustainability Efficiency Targets (SPTs), guaranteeing development of mid-to long-term sustainability objectives. The SLFF was given the impartial tick of approval from ESG rankings firm Sustainalytics who supplied Second Celebration Opinion companies for the undertaking.
Vital enhancements have been made to the inaugural 2022 framework, advancing our sustainability efforts throughout three key targets:
Renewable Vitality: Enhance using renewable vitality to 85% by 2028.
Carbon Depth: Obtain a 70% discount in carbon depth from the 2021 baseline by 2028.
Inexperienced Information Centres: Develop the proportion of inexperienced knowledge centres to 65% by 2028.
As well as, the scope of the SLFF has been broadened to incorporate STT GDC’s subsidiaries in all our geographies. This enlargement displays our ongoing efforts to make sure that our sustainability commitments are built-in throughout all operations globally, reinforcing our position as a frontrunner in selling sustainable practices inside the knowledge centre business.
“Sustainability stays a precedence for STT GDC, and the refined Sustainability-Linked Financing Framework demonstrates our unwavering dedication to reaching carbon-neutrality in our operations by 2030 and reinforces our place as a frontrunner in driving optimistic change inside the knowledge centre business. This framework is important to our technique, aligning our monetary practices with our deep dedication to sustainability as we proceed to drive progress responsibly within the burgeoning world digital financial system,” mentioned Bruno Lopez, President and Group Chief Government Officer, ST Telemedia International Information Centres.
