stc Group Publishes 2023 Sustainability Report

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by KnowESG
KnowESG_stc Group Publishes 2023 Sustainability Report
stc Group 2023 Sustainability Report: Key ESG Progress | Image credit: stc Group

Highlights

  • stc Group aims for net zero emissions by 2050 through strong ESG practices.

  • The company supports its people and communities with social programmes and focuses on diversity and inclusion.

  • Committed to transparency and ethical behaviour with strong governance.

  • AI improves their environmental performance and efficiency.

stc Group, a leading digital services provider in the Kingdom of Saudi Arabia, across the Middle East and Europe, has published its fifth annual sustainability report.

The company is targeting to be a global leader in environmental stewardship and to reach net zero emissions by 2050.

Environmental Efforts

To reduce its footprint stc Group has initiated:

  • Solar panels at multiple sites.

  • Energy efficiency in data centres and towers.

  • Artificial intelligence (AI) to cut energy consumption by 13% in 4G and 5G networks.

Social Impact

STC Group is creating opportunities for its employees and the communities it serves. Highlights:

  • More women in leadership and people with disabilities.

  • Employee growth and career development programmes.

  • Education, environment, sports and entrepreneurship initiatives.

Strong Governance

The Telecommunication provider is committed to ethical governance, transparency and accountability. The company has enhanced its compliance and expanded its local supplier programme Rawafed to support the local economy.

By working on these areas, STC Group is building a sustainable future for everyone involved.

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Source: stc Group

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