Singapore-based ST Telemedia Global Data Centres (STT GDC) has released its enhanced Sustainability-Linked Financing Framework (SLFF) as part of its goal to achieve carbon-neutral operations by 2030. The updated framework sets more rigorous targets, focusing on increasing the use of renewable energy, reducing carbon intensity, and expanding green data centres, aligning financing strategies with even more impactful sustainability goals.
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2028 Sustainability Targets
By 2028, STT GDC aims to achieve 85 percent renewable energy usage, reduce carbon intensity by 70 percent from 2021 levels, and ensure that 65 percent of its data centres are classified as green facilities.
The SLFF enables STT GDC to issue Sustainability-Linked Financing Transactions (SLFTs), including bonds, loans, and perpetual securities. The company says it issued Asia's first Sustainability-Linked perpetual securities in January 2024 under this framework.
Commitment to Sustainability and Global Growth
"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, reinforcing our position as a leader in driving positive change within the data centre industry," said Bruno Lopez, President and Group Chief Executive Officer of ST Telemedia Global Data Centres.
"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."
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Framework Applies to Global Subsidiaries
Additionally, this update broadens the scope of the SLFF to include STT GDC's subsidiaries across all geographies. Sustainalytics provided independent verification for the framework, the official release said.
ST Telemedia Global Data Centres (STT GDC) operates in Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia, and Vietnam.
