StarHub ranked number one in wireless category in Corporate Knights Global 100 2024
Singapore, 17 January 2024 – StarHub has been named the World’s Most Sustainable Wireless Telecom Provider in the Corporate Knights Global 100 rankings announced today at the World Economic Forum, recognising our commitment towards a greener tomorrow.
“StarHub is proud to be recognised by Corporate Knights again for our sustainability initiatives,” said Veronica Lai, Chief Corporate and Sustainability Officer, StarHub. “This underscores our collective efforts and inspires us to take proactive steps to decarbonise our operations and adopt greener solutions, while not compromising on our vision to grow beyond telco. We are also heartened to see StarHubbers embed sustainability practices into our operations, and step up on our CSR efforts to help our community.”
Corporate Knights has quantitatively ranked the world’s 100 most sustainable corporations since 2005, based on a rigorous assessment of public companies with revenue over US$1 billion. For the Corporate Knights Global 100 2024 rankings, over 6,700 companies were evaluated with 100 finalists.
Last November, StarHub’s near and long-term targets were validated and approved to meet the Science Based Target initiative’s (SBTi) net-zero criteria. The targets include reducing absolute scope 1 and 2 GHG emissions by 50% by 2030, and reducing absolute scope 1, 2, and 3 GHG emissions by 90% by 2050, from a 2021 base year. StarHub aims to reach net-zero across our value chain by 2050.
In 2023, 12% of StarHub’s energy use came from renewable electricity sources and the company continues to expand its sustainability portfolio with the goal of increasing renewable energy use to 30% by 2030. StarHub has secured 12,000MWh of green biomass energy annually from 2024 to 2028 enabling the company to reach this renewable energy target more cost-effectively. The company has also begun the modernisation of legacy data centres and looked to optimise energy use amidst increasing operating temperatures, and is well placed to achieve its goal of obtaining Green Mark for all owned data centres by 2026. Last year, StarHub also commenced the lease of six electric vehicles (EV) to replace internal combustion engine vehicles in its fleet with the goal of progressively converting more vehicles to EVs in the future. StarHub continues to intensify its efforts to support the global race to net zero.
For more information on StarHub’s sustainability initiatives, please visit https://corporate.starhub.com/about-us/corporate-sustainability.html.
