Aug 13, 2021
18 billion spending on local content... and 40% drop in water consumption
The 2nd sustainability report by stc revealed that spending on local content has increased to more than 18 billion Riyals, aiming to achieve sustainability and create a positive environmental impact, continuing to support the progress achieved in the community development, while the group contributes to the digital transformation process in the Kingdom, stc sponsors 292 projects that address environmental and social issues.
With stc adoption of responsible best practices and raising standards in the communications and information technology sector and achieving the principle of sustainability, the report revealed its efforts to decrease water use by 40% from 509,768m3 in 2019 to 303,789m3 in 2020, in addition to reducing the total electricity consumption by 16%, gasoline by 18%, and the use of paper documents in procurement by 100%.
The report reinforces the organisation’s message that in all its functions and activities it is fully committed to managing the business in the most sustainable way possible. stc has also been developing a ‘Sustainability Platform’ to ensure it builds on the successes of 2020 and aims to make sustainability more transparent and accessible while raising the profile of activities, services and community initiatives, along with raising awareness for critical issues.
This will be achieved through three core services - a Volunteering Program; where stc employees have the opportunity to enhance their participation in sustainable community development, Technical Enablement; a service that digitally transforms charities and non-profit organisations by providing them with digital solutions and platforms and Knowledge Sharing; training courses used to build awareness of sustainability issues.
The report highlighted the ongoing effort the group faces in ensuring it operates as sustainably as possible and supports the national initiatives and projects with a sustainable impact through the incubator of entrepreneurship “InspireU” and the local content program "RAWAFED", along with the commitment stc has made to be carbon neutral as quickly as possible. Aiming to make sure that transparency, integrity, trust, and good governance underpin every business action and all our operations.
stc has also been using its Sustainability Management Committee, which began work in 2020, to build on previous successes and push the sustainability agenda further to engage and empower more stakeholders. Furthermore, the report outlines how stc has been aligning its business strategy with the United Nation’s Sustainable Development Goals (SDGs). The SDGs are a set of 17 goals addressing the global challenges the globe faces including poverty, inequality, climate change, environmental degradation, peace, and justice. They are designed to protect the planet and ensure that all people enjoy peace and prosperity by 2030.
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