Singapore-based ST Telemedia World Knowledge Centres (STT GDC) has launched its enhanced Sustainability-Linked Financing Framework (SLFF) as a part of its objective to realize carbon-neutral operations by 2030. The up to date framework units extra rigorous targets, specializing in rising using renewable power, decreasing carbon depth, and increasing inexperienced knowledge centres, aligning financing methods with much more impactful sustainability targets.
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2028 Sustainability Targets
By 2028, STT GDC goals to realize 85 % renewable power utilization, scale back carbon depth by 70 % from 2021 ranges, and be certain that 65 % of its knowledge centres are categorised as inexperienced services.
The SLFF allows STT GDC to concern Sustainability-Linked Financing Transactions (SLFTs), together with bonds, loans, and perpetual securities. The corporate says it issued Asia’s first Sustainability-Linked perpetual securities in January 2024 beneath this framework.
Dedication to Sustainability and World Progress
“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, reinforcing our place as a frontrunner in driving optimistic change inside the knowledge centre business,” mentioned Bruno Lopez, President and Group Chief Govt Officer of ST Telemedia World Knowledge Centres.
“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 economic system.”
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Framework Applies to World Subsidiaries
Moreover, this replace broadens the scope of the SLFF to incorporate STT GDC’s subsidiaries throughout all geographies. Sustainalytics supplied unbiased verification for the framework, the official launch mentioned.
ST Telemedia World Knowledge Centres (STT GDC) operates in Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia, and Vietnam.
