StarHub Among World's Most Sustainable Telco on 2023 Corporate Knights’ Global 100
StarHub gets recognised for its sustainability efforts as the world’s top telco (fixed and wireless) on the 2023 Corporate Knights’ Global 100 at the World Economic Forum.'
StarHub is a Singapore-based company that has been recognised for its dedication to corporate sustainability. The company has improved its ranking from 72nd to 34th globally among more than 6,700 companies. It is one of only four companies from Singapore that made it to this list.
"It is a true honour to be recognised as the world's most sustainable telco, and it is a testament to the efforts of everyone at StarHub in adopting sustainable practices in everything we do." Environmental, social, and governance are core tenets of our business operations. Beyond risk management, we believe firmly that sustainability is an opportunity. StarHub has fully embraced Green Tech as a pillar of our enterprise strategy with the launch of our end-to-end Green Tech Managed Services last year. Through our comprehensive suite of connectivity, cloud networks and digitalisation solutions, we empower our customers to lower their carbon footprint, improve operational efficiency, and reduce energy costs. Together with our customers and partners, we look forward to taking decisive action to build a smart, sustainable city,” said Veronica Lai, Chief Corporate and Sustainability Officer StarHub.
Corporate Knights ranks companies by comparing them to their peers in the same industry using 30 key performance indicators. These indicators include environmental performance, clean revenue, employee well-being, diversity, and inclusion.
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StarHub's approach to sustainability is in line with several international standards and frameworks, such as the Global Reporting Initiative, the Sustainability Accounting Standards Board, the Task Force on Climate-related Financial Disclosure, the Ten Principles of the United Nations Global Compact, and the United Nations Sustainable Development Goals. These standards and frameworks tell organisations how to report on their sustainability performance and how to improve it.
StarHub is a company that has set ambitious decarbonisation goals to reach net-zero emissions. By buying renewable energy certificates, they were able to get 10% of their energy from renewable sources by 2022. They plan to get to 30% by 2030. They have also deepened their investment in clean energy by signing a Virtual Power Purchase Agreement with Terrenus Energy in 2022 and will procure 100% of the renewable electricity to be generated from Terrenus's 13.2MW solar farm on Jurong Island over the next 13 years.
StarHub has partnered with various organisations to sponsor close to $1.9 million and reach over 12,800 beneficiaries, including disadvantaged children and youths, lower-income families, and persons with disabilities and their caregivers.
They have also been recognised for their environmental stewardship and outreach efforts, receiving awards such as an "A-" leadership score for Climate Change 2022 from CDP, the Sustainable Business award from Global Compact Network Singapore, the Most Transparent Company in the Communications category from the Securities Investors Association (Singapore), and the Charity Silver Award from Community Chest.