Singapore, 5 September 2024 – ST Telemedia Global Data Centres (STT GDC), a leading and rapidly expanding data centre colocation services provider headquartered in Singapore, is proud to announce the release of its enhanced Sustainability-Linked Financing Framework (SLFF). This updated framework reinforces STT GDC’s commitment to achieving carbon-neutral operations by 2030, incorporating more ambitious targets that align its financing strategies with impactful sustainability initiatives.
Originally introduced in July 2022, the SLFF plays a pivotal role in STT GDC’s Environmental, Social, and Governance (ESG) strategy. The framework enables the structuring of financing, where applicable, in the form of Sustainability-Linked Financing Transactions (SLFTs), including Sustainability-Linked Bonds (SLBs), Sustainability-Linked Perpetuals (SLPs), and Sustainability-Linked Loans (SLLs). In January 2024, STT GDC became the first in Asia to issue Sustainability-Linked perpetual securities under this framework.
The enhanced SLFF reflects STT GDC’s increased dedication to achieving ambitious sustainability goals, featuring stricter Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs). The project has received a positive independent evaluation from ESG ratings firm Sustainalytics, which provided a Second Party Opinion on the updated framework.
Key enhancements to the 2022 framework include new sustainability targets across three critical areas:
- Renewable Energy: Increase the use of renewable energy to 85% by 2028.
- Carbon Intensity: Achieve a 70% reduction in carbon intensity from the 2021 baseline by 2028.
- Green Data Centres: Expand the proportion of green data centres to 65% by 2028.
Additionally, the SLFF’s scope now includes STT GDC’s subsidiaries across all operating regions, further embedding sustainability across its global operations and solidifying its leadership in promoting sustainable practices within the data centre industry.
“Sustainability remains a priority for STT GDC, and the refined Sustainability-Linked Financing Framework demonstrates our unwavering commitment to achieving carbon-neutrality in our operations by 2030 and reinforces our position as a leader in driving positive change within the data centre industry. This framework is essential to our strategy, aligning our financial practices with our deep commitment to sustainability as we continue to drive growth responsibly in the burgeoning global digital economy,” said Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres.
For more information about the updated framework, visit https://www.sttelemediagdc.com/esg/slff.
