
ST Telemedia Global Data Centres Achieves over 78% Renewable Energy Usage Across the Group
With the growing demand for digital infrastructure, sustainability has become a critical priority for organisations worldwide. Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres, says, 'As the digital economy accelerates, our responsibility as infrastructure providers extends beyond simply supporting growth; we must lead with purpose and innovation. In 2024, STT GDC made remarkable progress on our sustainability journey, from securing S$500 million in sustainability-linked financing to implementing initiatives such as AI-driven cooling optimisation and pioneering the use of hydrotreated vegetable oil in Singapore. These achievements reflect our unwavering commitment to achieving carbon neutrality by 2030 while delivering the resilient, efficient infrastructure that powers our digital world. Sustainability is not just a corporate objective for us—it is the foundation upon which we are building the future of digital infrastructure.'
2024 ESG Report Highlights
ADVERTISEMENT
STT GDC's ESG strategy is rooted in the belief that sustainable practices are fundamental to the future of the data centre industry. In STT GDC's annual ESG report, we measure the Group's progress toward achieving net carbon-neutral data centre operations by 2030. Notable achievements in our sustainability journey in 2024 include:
Achieved 78.5% renewable energy usage , ahead of our targets.
, ahead of our targets. Achieved a 22.9% year-on-year reduction in carbon emissions across the group in 2024, progressing towards the goal of carbon neutral data centre operations by 2030.
across the group in 2024, progressing towards the goal of carbon neutral data centre operations by 2030. Issued S$500 million of Sustainability- Linked Perpetual (SLP) securities : Our maiden perpetual securities issuance is the first-ever Singapore dollar denominated SLP, the first public benchmark SLP in Asia and the first public SLP by a data centre company globally, underscoring our commitment to sustainable finance.
: Our maiden perpetual securities issuance is the first-ever Singapore dollar denominated SLP, the first public benchmark SLP in Asia and the first public SLP by a data centre company globally, underscoring our commitment to sustainable finance. Enhanced Sustainability-Linked Financing Framework : We have expanded and enhanced our Sustainability-Linked Financing Framework, setting even more ambitious targets that reinforce our commitment to achieving higher ESG performance standards. These include increasing the use of renewable energy to 85% by 2028 and achieving a 70% reduction in carbon intensity from a 2021 baseline by 2028.
: We have expanded and enhanced our Sustainability-Linked Financing Framework, setting even more ambitious targets that reinforce our commitment to achieving higher ESG performance standards. These include increasing the use of renewable energy to 85% by 2028 and achieving a 70% reduction in carbon intensity from a 2021 baseline by 2028. First data centre operator in Singapore to deploy HVO for backup generators : We announced deployment of HVO as a sustainable fuel for our backup generators across our facilities in Singapore. This pioneering move underscores our commitment to reducing carbon emissions and enhancing the sustainability of our operations, setting a new benchmark for greener energy solutions within the industry.
: We announced deployment of HVO as a sustainable fuel for our backup generators across our facilities in Singapore. This pioneering move underscores our commitment to reducing carbon emissions and enhancing the sustainability of our operations, setting a new benchmark for greener energy solutions within the industry. First data centre operator in Asia to pilot AI-based autonomous control system for optimising data centre cooling in STT GDC's facilities in Singapore, setting a unique precedent by testing the technology in a hybrid cooling environment that is technically more challenging than traditional air-cooled data centres.
Environmental Impact:
Achieved an 66.2% reduction in carbon intensity , from the 2021 baseline.
, from the 2021 baseline. Improved power usage effectiveness (PUE) by 11.2% from the 2020 baseline.
(PUE) from the 2020 baseline. Realised a 34.5% improvement in water usage effectiveness (WUE) from 2020 baseline.
Social Impact:
Achieved zero work-related serious injuries or fatalities since 2020, with a Total Recordable Incident Rate (TRIR) of 0.1 earned across more than 25 million hours worked in our construction and operations program.
since 2020, with a earned across more than 25 million hours worked in our construction and operations program. In 2024, the following STT GDC offices received the Great Place to Work certification: India , for the fifth consecutive year; Singapore , for the second consecutive year; and Indonesia , for the first time.
certification: , for the fifth consecutive year; , for the second consecutive year; and , for the first time. Invested an average of 23.5 training hours per employee in the growth and development of our workforce, ensuring that by equipping our employees with the latest skills and knowledge, they remain at the forefront of industry advancements and emerging technological trends.
In 2024, our team at STT GDC Indonesia partnered with a local conservation enabler to plant 1,000 mangrove trees at Dusun Tangkolak, Karawang, West Java. Mangrove trees are essential for protecting coastal communities, boosting biodiversity and playing a crucial role in combating climate change.
Responsible Business Practices:
STT GDC is committed to the highest standards of business ethics. Corporate integrity and responsible business practices govern the Group's values and culture, including: A zero-tolerance policy on bribery, kickbacks, and corruption. A requirement that all persons acting on behalf of STT GDC must conduct all business activities in compliance with its policies and applicable anti-corruption laws.
100% of employees have received anti-corruption training, with zero incidents of corruption.
STT GDC's ESG Report is based on a full year's data from 1 January to 31 December 2024, focusing primarily on STT GDC's operating entities (data centres and offices) during the year.
ADVERTISEMENT
Hashtag: #STTGDC #EnablingOurDigitalFuture
The issuer is solely responsible for the content of this announcement.
About ST Telemedia Global Data Centres
ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, Italy, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visit https://www.sttelemediagdc.com/ .

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arabian Post
15 hours ago
- Arabian Post
F88 officially lists 8.26 million shares on UPCoM
Over 8.26 million shares of F88 was officiallt listed on the UPCoM platform. Photo courtesy of F88 HANOI, VIETNAM – Media OutReach Newswire – 11 August 2025 – F88 Investment Joint Stock Company (F88) on August 8 officially listed over 8.26 million shares for trading on the UPCoM platform. With a reference price of VNĐ634,900 (US$24) per share on its first trading day, F88 now holds the highest market price among all listed companies across Vietnam's three stock exchanges, marking the beginning of a new chapter in its journey to standardise corporate governance and tap into the domestic capital market. This milestone marks the first time a pawnbroking enterprise in Viet Nam has been publicly listed and traded on the stock exchange. Beyond a significant step toward transparency, F88's listing sets a new operational benchmark for the legal pawn sector in particular and the alternative finance industry in general – a sector that has long faced negative perceptions and limited access to capital. ADVERTISEMENT On May 6, 2025, F88 was officially recognised by the State Securities Commission as a public company and deemed eligible to register for share trading in accordance with legal regulations. At the time of listing, F88's charter capital stood at over VNĐ82.6 billion, corresponding to more than 8.26 million outstanding shares. The company has also received approval to issue bonus shares from share premium reserves at a ratio of 1,200 per cent, which will increase its charter capital to over VNĐ1.1 trillion. This is an internal capital restructuring activity that does not dilute shareholder equity and is aimed at preparing for the company's next phase of growth, aligned with its operational scale. 'The official listing on UPCoM is not only a development milestone for F88 but also a pioneering move, introducing a new standard of transparency for Vietnam's alternative finance industry. This is a crucial step in enhancing our ability to access public capital, serving our long-term business goals. F88 clearly understands that entering the capital market is not just about transparency and regulatory oversight – it also serves as a financial catalyst to help us scale, upgrade operations, and get closer to our future target of listing on HoSE,' said Phung Anh Tuan, Chairman of the Board of Directors at F88. According to a special report published by FiinGroup in June 2025, Vietnam's pawnbroking market had an estimated outstanding loan balance of VNĐ200 trillion (approximately $8 billion) in 2024. Of this amount, 'new-generation' pawn enterprises like F88 currently hold a market share of about 3.2%, indicating substantial room for future growth. Another notable trend is that while the number of traditional pawnshops is declining, new-generation pawn outlets – which integrate technology, centralised management and diverse services – are expanding rapidly. To date, F88 operates 888 stores across 34 provinces and cities, accounting for around 70 per cent of all new-generation pawn outlets in Vietnam. The company aims to reach 1,000 transaction points by 2026 and expand to 2,000 stores by 2030. In addition to secured lending, F88 is also accelerating its growth in microinsurance and agent banking services. Through its strategic partnership with Military Commercial Joint Stock Bank (MBBank), F88 is gradually developing a model of 'modern financial transaction offices' that provide essential services such as customer identification, deposits/withdrawals, fund transfers, loan referrals, and collection/payment services. F88 is also rapidly pushing digital transformation through its MyF88 platform – a mobile application that recorded over 105,000 online loan customers just two months after launch. By 2026, the company targets to have 80 per cent of transactions conducted digitally, aiming to optimise operational efficiency and enhance customer experience. ADVERTISEMENT For 2025, F88 has set a revenue growth target of 33 per cent. In the first half of the year, the company recorded VNĐ1.74 trillion in revenue, up 30 per cent year-on-year. Of this amount, revenue from lending activities reached VNĐ1.5 trillion, growing 28 per cent. Insurance and other services generated VNĐ199.6 billion and VNĐ6 billion, respectively, increasing by 45 and 360 per cent thanks to broader product coverage and effective cross-selling. Total disbursement value reached VNĐ7.1 trillion, up 36 per cent over the same period, while the net write-off ratio (net charge-offs to average outstanding loans) remained at 2.35 per cent. These results brought the company VNĐ321 billion in pre-tax profit – more than triple the figure from the same period last year. Backed by a sustainable operating platform, transparent financials, and a clear digitalization strategy, F88 is steadily strengthening its governance capabilities, refining capital structure, and standardising operations to meet public company standards. The official UPCoM listing represents not only a transformation in capital structure but also reaffirms F88's pioneering role in shaping a transparent, regulated, and legally compliant alternative finance market where the public can access trustworthy and civilised financial services. Hashtag: #F88 The issuer is solely responsible for the content of this announcement. About F88: Founded in 2013, F88 is a pioneering enterprise in Vietnam's alternative finance sector, serving customer segments underserved by traditional banks. With a mission to expand access to legal, transparent, and convenient financial services, F88 has steadily developed a modern financial agency model that integrates three core services: secured lending, microinsurance, and basic banking services. Over its development journey, F88 has successfully raised capital from reputable institutional investors such as Mekong Capital, Vietnam Oman Investment, and Granite Oak – enabling the company to grow in both capital and operational scale. As of 2025, F88 operates a network of 888 transaction points in 34 provinces and cities, making it the largest distribution network in Vietnam's alternative finance sector. F88 has earned recognition through a series of prestigious domestic and international awards, including being named a top workplace in Asia by Great Place to Work. It is also the first and only alternative finance company in Viet Nam to receive the Gold-level Client Protection Certificate (CPC) – the world's first standard for protecting financial service users. In April 2025, FiinRatings announced it had upgraded F88's credit rating outlook from 'Stable' to 'Positive,' citing strong improvements in asset quality and the company's continuously strengthened market leadership position.


Zawya
16 hours ago
- Zawya
African Development Bank to finance $500mln of Ethiopia's new airport
ADDIS ABABA: The African Development Bank will contribute $500 million towards the financing of a new airport in Ethiopia - which is expected to be Africa's largest when completed in 2029 - it said on Monday. State-owned Ethiopian Airlines has signed an agreement for the design of the four-runway airport near the town of Bishoftu, around 45 km (28 miles) southeast of the capital Addis Ababa. The airline has said it will provide 20% of the funding for the $10 billion project and the rest will come from creditors. "The bank has itself earmarked up to $500 million, subject to board approval, to anchor the funding of this transformational regional integration project," the development bank said in a statement. Last week, it said it was leading efforts to raise $7.8 billion for the project, which will have the capacity to handle 100 million passengers per year. (Reporting by Dawit Endeshaw; Writing by Hereward Holland; editing by Barbara Lewis)


Arabian Post
17 hours ago
- Arabian Post
Jollibee Group Evolves its Corporate Brand to Help Power Global Growth
Brand update brings to life its global purpose and positioning as a unified group of brands MANILA, PHILIPPINES – Media OutReach Newswire – 23 July 2025 – The Jollibee Group, one of the world's fastest-growing restaurant companies, has officially launched its evolved corporate brand, marking a major milestone in aligning the company's global growth strategy with its long-standing values and vision. Corporate Brand Evolution. Fresh from introducing the new corporate brand to employees worldwide, Jollibee Group Global President & CEO Ernesto Tanmantiong (left, standing) brought the story behind the evolution to life for more than 270 global and local suppliers—highlighting how the brand reflects the company's bold ambitions and purpose-driven growth. More than a visual update, the new corporate brand embodies the company's purpose of spreading joy through superior taste and underscores its evolution into a modern, purpose-driven global enterprise. The updated identity brings greater consistency across the company's diverse portfolio of 19 brands. ADVERTISEMENT At our core, we are here for one reason—spreading joy through superior taste. This purpose drives our innovation, defines our customer promise, and fuels our momentum,' said Jollibee Group Global President and CEO Ernesto Tanmantiong. 'Superior taste is not just what we serve—it's the reason our brands resonate across cultures and markets.' While its registered corporate name remains Jollibee Foods Corporation (PSE: JFC), for branding and marketing purposes the company will now be using the Jollibee Group branding in its external communications and stakeholder engagements. This brand evolution also includes a reimagined visual identity, updated brand architecture, and a unified naming convention. This initiative is designed to support the company's business, attracting new franchise partners and investors, enhancing connections with talents, and reinforcing the Jollibee Group's credibility as a trusted, values-driven partner. JoyMark. Tanmantiong highlights JoyMark, the icon in the company's new logo that symbolizes momentum, movement, and unity. It is tilted at 8 degrees as a subtle tribute to Jollibee Group's incorporation year, 1978. 'Our purpose is more than an internal compass—it's our strategic advantage,' Tanmantiong added. 'It unites our people, inspires brand loyalty, and strengthens our connections with communities around the world.' The enhanced corporate brand was first introduced to employees and key partners during the company's internal launch, supplier summit, and annual stockholders' meeting. It is now being rolled out externally across global business media platforms and corporate channels. ADVERTISEMENT 'As we scale globally, we're not only expanding our reach—we're shaping a company known not just for business success, but for the joy and quality we bring to people's lives,' Tanmantiong said. 'This refreshed identity is a powerful expression of who we are and where we're headed.' With its reimagined corporate brand, the Jollibee Group reinforces its position as a dynamic, forward-looking company poised for sustained growth and global leadership. Hashtag: #JollibeeGroup The issuer is solely responsible for the content of this announcement. About Jollibee Group The Jollibee Group (PSE: JFC) is one of the world's fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. Its portfolio includes 19 brands with over 9,900 stores across 33 countries. The Jollibee Group's portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology. The Jollibee Group's global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs). The Jollibee Group has been recognized as the Philippines' Most Admired Company by the Asian Wall Street Journal, named one of Asia's Fab 50 Companies, and listed among Forbes' World's Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME's World's Best Companies and Fortune's Southeast Asia 500 List. To learn more about Jollibee Group, visit