SR2022 Stakeholder Letter

August 2023

Dear Stakeholders,

I am pleased to present ST Telemedia’s second Sustainability Report, which details our initiatives, improvements and impacts for 2022, and outlines the strong Group progress made from our inaugural 2021 report.

2022 began with a sense of hope after two years of disruptions from the Covid-19 pandemic. This sentiment was quickly erased as we continue to witness unprecedented global geopolitical and economic challenges, widening climate crisis, and other setbacks.

In this turbulent environment, we acknowledged the need for increasingly agile and effective collaborations to build a more stable, inclusive and resilient world.

Leveraging our position to amplify ESG impacts and create ripples of progress

ST Telemedia aims to leverage our position as an investor, employer, and partner to amplify the ESG impacts we generate for each of our stakeholders. The theme of this Report, ‘Driving Impact from Within’, reflects our goal of drawing on the capabilities within the Group to create strong ripples of consistent progress around us. We have made some advancements as a company and across the Group, and I am pleased to share a few highlights.

2022 Highlights

Environmental Stewardship

Good Governance

Environmental Stewardship

ST Telemedia is committed to continuing the resource-efficiency and decarbonisation efforts of our own operations while assisting our portfolio companies to do the same. As a Group, we are committed to net zero carbon and implementing renewable energy solutions where feasible. We work with our portfolio companies to reduce carbon emissions through a dual-pronged effort of increasing the proportion of renewable energy sources while adopting energy-efficient measures.

Our portfolio companies are also exploring new ways and technologies to improve their operational resource efficiency and introducing smart green solutions to help governments and enterprise customers meet their climate commitments.

Environmental Stewardship

Social Responsibility

We reiterate our commitment to upholding zero tolerance for discrimination and promoting gender equality and racial diversity. Our portfolio companies have also taken similar approaches. In 2022, we expanded our focus on people and wellness by elevating employee well-being from an emerging to material topic.

Building strong local communities is integral to ST Telemedia’s mission. Beyond financial contributions and corporate volunteerism activities, we provide up to two days of volunteering leave each year for employees to support social causes close to their hearts. We also continue to encourage our portfolio companies to be active corporate citizens and involve them in our community initiatives where possible.

Environmental Stewardship

Good Governance

Good governance underpins all ESG efforts and sets the foundation for long-term value creation and business resilience. We continually strengthen our governance practices and risk management framework. We hold ourselves and our portfolio companies to high standards of ethics and conduct. We also promote the mutual sharing of best practices to aid in the development of skills and competencies as a Group.

We adopt a systematic approach to cyber- and data-security. We regularly test our IT system controls, educate employees and build awareness on cybersecurity and vigilance.

Driving Impact Together for a Sustainable Tomorrow

The progress we have made in 2022 is only possible due to your dedication to sustainability, and the trust and support of our wider stakeholder groups including business partners, portfolio companies’ customers, and shareholders.

While we heed the clarion call for greater urgency to address and reverse various ESG issues, it is more critical than ever that we have all hands on deck to amplify our impact and create strong ripples of consistent progress.

As our valued stakeholder, we invite you once again to join us in collectively igniting change and driving impact from within to enable a climate-resilient, equitable and prosperous tomorrow.

Yours sincerely,

Stephen Miller
President & Group CEO