StarHub Ltd

The Board considers sustainability to be an integral part of StarHub's long-term strategic direction and is committed to responsible and sustainable practices across all our operations. The Board has the overall responsibility for overseeing the management and monitoring of material ESG topics across the business. To assist the Board, our Board Risk Committee provides guidance to Management on our material sustainability topics and ensures the implementation of our sustainability strategy with our business objectives. [...] Responsible for overseeing StarHub's overall sustainability efforts. Reviews and considers sustainability issues as part of its strategic formulation. This includes the determination, target-setting and monitoring of material ESG factors, as set out in this report. [...] Provides guidance on sustainability topics to be identified as material to the business, and ensures the alignment and integration of our sustainability strategy and approach with our business practices.

The Board and the Risk & Sustainability Committee (RSC) are responsible for climate-related issues. The Board provides the oversight with support primarily from the RSC for climate-related issues such as decarbonisation roadmap, target settings and performance tracking, scenario analysis and TCFD reporting, ESG material issues, public policy engagement and external verification. The Audit Committee (AC), the Executive Remuneration and Compensation Committee (ERCC), and the Nominating and Governance Committee (NGC) support in areas such as internal audit, sustainability-linked compensation framework and governance framework. The RSC reviews StarHub's sustainability and climate management matters reported by the Management Risk Committee (MRC) via at least three scheduled RSC meetings yearly, with additional ad-hoc meetings and periodic email updates. Additionally, the RSC monitors the decarbonisation roadmap to ensure the action plans are suitable, adequate and effective. Board level guidance and communications with our Chief Executive Officer (CEO), Chief Corporate & Sustainability Officer (CCSO), Chief Financial Officer (CFO) and Chief Technology Officer (CTO) on decarbonisation plans, goals and progress also take place whenever required. [...] In November 2022, in conjunction with the Sharm el-Sheikh Climate Change Conference (COP27), StarHub became a signatory of the Action Declaration on Climate Policy Engagement*, an initiative by Corporate Knights and the Global 100 Council. We commit to support alignment with the Paris Agreement when engaging with policymakers, industry and trade associations. StarHub is also an active member of the Global Compact Network Singapore (GCNS), the local chapter of the United Nations Global Compact (UNGC). Our CCSO serves as the Honorary Treasurer of the Management Committee since 2021. We support the Carbon Pricing Leadership Coalition (CPLC), jointly launched by GCNS and the World Bank's CPLC, and participate in the LowCarbonSG, a capability-building programme for local businesses to start measuring and monitoring their carbon footprints. StarHub is also one of the founding member of the National Sustainable Procurement Roundtable (NSPR), established in 2019. The NSPR is a nationwide movement to promote sustainable procurement, with the objective of building an innovative and sustainable supply chain that efficiently meets sustainability objectives.

The Board and Board Risk and Sustainability Committee (Board RSC) are responsible for sustainability and climate-related performance of the StarHub Group. The Board provides oversight with support from the Board RSC, of the Group's sustainability vision, strategies, policies, initiatives and practices, in alignment with the Management's planning and execution. [...] The Board RSC reviews sustainability and climate-related issues such as our decarbonisation roadmap, target setting and performance tracking, TCFD reporting and scenario analysis, ESG material topics, public policy engagement and external verification, as reported by the Management Risk Committee (MRC) via at least three scheduled RSC meetings yearly, with additional ad-hoc meetings and periodic email updates. Board level guidance and communications with our Chief Executive, Chief Corporate and Sustainability Officer (CCSO) and other Senior Executives also take place quarterly and as required."
"Aligning our public engagement and membership associations with the Paris Agreement goals Since November 2022, StarHub has been a signatory of the Corporate Knights Action Declaration on climate policy engagement (an initiative by Corporate Knights and the Global 200 Council), thereby committing to: 1. Support climate action aligned with the Paris Agreement when engaging with policymakers 2. Work with our major industry/trade associations to advance alignment with the Paris Agreement 3. Monitor and disclose climate policy alignment for StarHub and our major industry/trade associations [...] Specifically, our CCSO has, since 2021, served as the Honorary Treasurer of GCNS, the Singapore chapter of the UNGC, which advances the stewardship of sustainable business practices and Singapore's national agenda of becoming a regional sustainable business hub as well as nurtures the next generation of responsible business leaders. As a member of SGListCos, an association representing companies listed on the Mainboard and Catalist of SGX, we reviewed and helped to shape the guidance paper on Renewable Energy Certificates (RECs), which is expected to be released in early 2024. This is a pivotal initiative that aims to provide essential guidance for companies in Singapore to navigate the RECs landscape.

The Board and Board Risk and Sustainability Committee (Board RSC) are responsible for sustainability and climate-related performance of the StarHub Group. The Board provides oversight with support from the Board RSC, of the Group's sustainability vision, strategies, policies, initiatives and practices, in alignment with the Management's planning and execution. The Board RSC reviews sustainability and climate-related issues such as our decarbonisation roadmap, target setting and performance tracking, TCFD reporting and scenario analysis, ESG material topics, public policy engagement and external verification, as reported by the Management Risk Committee (MRC) via at least three scheduled RSC meetings yearly, with additional ad-hoc meetings and periodic email updates. Board level guidance and communications with our Chief Executive, Chief Corporate and Sustainability Officer (CCSO) and other Senior Executives also take place quarterly and as required. [...] Since November 2022, StarHub has been a signatory of the Corporate Knights Action Declaration on climate policy engagement (an initiative by Corporate Knights and the Global 200 Council), thereby committing to: 1. Support climate action aligned with the Paris Agreement when engaging with policymakers 2. Work with our major industry/trade associations to advance alignment with the Paris Agreement 3. Monitor and disclose climate policy alignment for StarHub and our major industry/trade associations.

At StarHub, the Board of Directors is responsible for the strategic direction of sustainability governance, and we have made it our priority to consider sustainability issues as an integral part of our overall strategy. The Management plays a key role to support this integration, in executing and tracking the company's DARE+ transformation and growth strategy for the next five years. [...] To ensure we take into account our stakeholders' concerns and the latest developments, we have conducted a Materiality Assessment refresh this year whereby the Board-level Risk & Sustainability Committee took a key role in working closely with Management to prioritise the ESG topics that are most material to our business. We will continue to work closely with Management to oversee progress in these key areas. [...] The Board Management Risk Committee: Responsible for overseeing StarHub's overall sustainability efforts, and climate-related risks and opportunities - Reviews and considers sustainability issues as part of its strategic formulation, the determination, target-setting and monitoring of material ESG factors on a regular basis. [...] Board Risk & Sustainability Committee: Comprises members of the Board of Directors as well as the CEO - Responsible for the oversight of sustainability and climate-related matters, keeping the Board informed on the identification, assessment, and monitoring of material sustainability topics and climate-related risks and opportunities - Reviews business practices and climate-related risks and opportunities identification process to ensure alignment and integration of our sustainability strategy. [...] Corporate Sustainability Advocate Function: Responsible for developing, implementing and coordinating programmes and initiatives with the support of cross-functional representatives.

The Board oversees StarHub's overall sustainability strategy and efforts, and reviews matters relating to StarHub's sustainability and climate management reported by the Management Risk Committee (MRC) at least twice a year. Sustainability-related topics such as our TCFD compliance and decarbonisation roadmap as well as the sustainability-linked financing framework (SLFF) were raised to the Board Risk & Sustainability Committee (RSC) during the meetings held in FY2022. Board level guidance and communications with the CEO and Chief Corporate & Sustainability Officer (CCSO) on sustainability and climate-related issues also take place whenever required. [...] Board RSC + Comprises members of the Board and the CEO who are tasked with specific oversight of the Group's sustainability and climate-related matters + Oversees and reviews the management of the Group's impact on the economy, environment and people through identification, assessment and monitoring of material sustainability topics, risks and opportunities + Reviews the development and implementation of our sustainability framework, commitments, strategies, targets, opportunities, initiatives and policies, and recommends necessary updates based on the review outcomes [...] MRC + Comprises cross-functional members of Management across business units, with the sustainability agenda headed by the CCSO + Assists the Board RSC in developing management policies, strategies and frameworks for monitoring and mitigating our impacts as well as climate-related risks and opportunities + Identifies new sustainability and climate management initiatives and establishes priorities and targets for the short, medium and long term, based on input from working level staff and stakeholder feedback + Reports performance against goals and targets to the Board RSC

StarHub is an active member of the Global Compact Network Singapore (GCNS), the local chapter of the United Nations Global Compact (UNGC) since 2012. We also collaborate actively with our partners and peers through various trade associations and alliances such as GSM Association (GSMA), Singapore Business Federation (SBF), Singapore International Chamber of Commerce (SICC), Institute of Singapore Chartered Accountants (ISCA), Singapore Corporate Counsel Association (SCCA) and SGListCos to advocate for stronger associated policies and/ or programmes that uphold climate change, circular economy and sustainability reporting. In conjunction with the 2022 United Nations Climate Change Conference (COP27), StarHub became a signatory to the Action Declaration on Climate Policy Engagement*, an initiative by Corporate Knights and the Global 100 Council. To fulfil our responsibilities as a signatory, we are committed to  supporting climate action aligned with the Paris Agreement when engaging with policy makers,  working with our major industry and trade associations to advance alignment with the Paris Agreement, and  monitoring and disclosing our climate policy alignment for us and our industry partners.