ST Telemedia Global Data Centres announces Sustainability-Linked Financial Framework
Singapore – July 15, 2022 – ST Telemedia Global Data Centres (STT GDC), a leading data centre service provider headquartered in Singapore, published today a Sustainability-Linked Financial Framework (the “Framework”) that affirms the company’s commitment to be net carbon-neutral by 2030. With this Framework, ST Telemedia Global Data Centres can issue sustainability linked financial solutions including but not limited to, bonds and loans. By setting up the Framework, STT GDC further strengthens its commitment to sustainability by establishing a financing approach that aligns with our overall group sustainability strategy.
The Framework outlines individual Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) that are fundamental to the business, providing a clear path forward on how STT GDC will achieve its medium- to long-term sustainability performance. Under the Framework, STT GDC has defined three different KPIs and specific targets that help address the key sustainability challenges facing the industry. The focus is on increasing the use of renewable energy sources, reducing carbon intensity and increasing the number of Green Data Centres.
“As one of the fastest-growing data centre providers, STT GDC reaffirms its commitment to continuously improve its own sustainability performance and that of our Group of Companies with the establishment of this framework. We remain steadfast in our belief that there is a positive correlation and mutual reinforcement between sustainability and financial performance. With sustainability as a fundamental pillar of our business and a critical factor in our long-term value creation, we have established this Framework to allow us to take the lead in sustainability financing,” said Nelson Lim, Group Chief Financial Officer, ST Telemedia Global Data Centres.
The Framework has been reviewed by Sustainalytics, a Morningstar company and a globally recognised provider of ESG research, and assessed to be aligned with the Sustainability-Linked Bond Principles 2020 set out by the International Capital Market Association.