ST Telemedia Global Data Centres (STT GDC), a leading global data centre colocation services provider based in Singapore, has announced the release of its enhanced Sustainability-Linked Financing Framework (SLFF). This update reinforces STT GDC’s commitment to achieving carbon-neutral data centre operations by 2030, introducing more rigorous targets that align its financing strategies with impactful sustainability goals.
First introduced in July 2022, the SLFF is a cornerstone of STT GDC’s Environmental, Social, and Governance (ESG) strategy. It facilitates the structuring of STT GDC’s financing through Sustainability-Linked Financing Transactions (SLFTs), including Sustainability-Linked Bonds (SLBs), Sustainability-linked Perpetuals (SLPs), and Sustainability-Linked Loans (SLLs). Notably, the company issued Asia’s first-ever Sustainability-Linked perpetual securities under this framework in January 2024.
The enhanced SLFF underscores the company’s dedication to ambitious sustainability goals, supported by stringent Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs). The framework has received independent approval from ESG ratings company Sustainalytics, which provided Second Party Opinion services.
Key enhancements to the 2022 framework include:
- 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 now encompasses STT GDC’s subsidiaries across all geographies, ensuring that sustainability commitments are integrated globally, reinforcing the company’s 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,” said Bruno Lopez, President and Group Chief Executive Officer, 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.”
For more information about the updated framework, visit STT GDC’s ESG page.
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