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 growing the usage of renewable vitality, decreasing carbon depth, and increasing inexperienced information centres, aligning financing methods with much more impactful sustainability objectives.
Additionally Learn: STT GDC Companions with Phaidra to Pilot AI-Based mostly Cooling System in Singapore
2028 Sustainability Targets
By 2028, STT GDC goals to realize 85 p.c renewable vitality utilization, cut back carbon depth by 70 p.c from 2021 ranges, and make sure that 65 p.c of its information centres are categorised as inexperienced amenities.
The SLFF permits STT GDC to situation 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 information centre business,” mentioned Bruno Lopez, President and Group Chief Government Officer of ST Telemedia World Knowledge Centres.
“This framework is crucial to our technique, aligning our monetary practices with our deep dedication to sustainability as we proceed to drive development responsibly within the burgeoning international digital financial system.”
Additionally Learn: Nxtra by Airtel Boosts Renewable Power Use by 41 %
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.