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ST Telemedia Global Data Centres Enhances Sustainability-Linked Financing Framework
ST Telemedia Global Data Centres (STT GDC), headquartered in Singapore, has released an enhanced Sustainability-Linked Financing Framework (SLFF). This update reinforces its commitment to achieving carbon-neutral data centre operations by 2030, with stricter sustainability goals.
The SLFF, introduced in July 2022, is key to STT GDC's ESG strategy. It includes Sustainability-Linked Financing Transactions (SLFTs) like Sustainability-Linked Bonds (SLBs) and Loans (SLLs). The company issued the first Sustainability-Linked perpetual securities in Asia under this framework in January 2024.
The updated SLFF includes three key targets for 2028: 85% renewable energy usage, a 70% reduction in carbon intensity from a 2021 baseline, and 65% green data centres. These rigorous targets ensure mid-to long-term sustainability goals.
The SLFF's scope now covers all subsidiaries globally, highlighting STT GDC's leadership in sustainable practices within the data centre industry.
R. P.
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