Managing ESG risks
Managing ESG risks
In 2024, we moved closer to further integration of an ESG lens into stc’s risk management processes to mitigate potential losses from ESG-related issues. We also promoted opportunities for positive environmental and social impact within our core business operations. We are focused on advancing our ESG risk framework, which will encompass key considerations, including the following.
Establishing effective risk governance structures with defined responsibilities across all lines of defense.
Enhancing ESG risk culture across the stc Group, emphasizing increased awareness at all organizational levels.
Identifying essential ESG metrics and key performance indicators (KPI) for effective monitoring and reporting.
Developing and implementing robust ESG risk assessment tools.
These efforts strengthen our commitment to sustainability and responsible business practices.
