Mobile service provider StarHub has been named as the world’s top telco (fixed and wireless) on the 2023 Corporate Knights’ Global 100 at the World Economic Forum.
Placed against more than 6,700 companies, StarHub earned the 34th position globally, improving from last year’s 72nd place – a recognition of its dedication in championing corporate sustainability. StarHub was one of four companies from Singapore which made it to the coveted list.
“Environmental, social, and governance are core tenets of our business operations. StarHub has fully embraced Green Tech as a pillar of our enterprise strategy, with the launch of our end-to-end Green Tech Managed Services last year. Through our comprehensive suite of connectivity, cloud networks and digitalisation solutions, we empower our customers to lower their carbon footprint, improve operational efficiency and reduce energy costs,” said Veronica Lai, Chief Corporate and Sustainability Officer, StarHub.
To determine the ranking, Corporate Knights evaluated companies against global industry peers on a suite of 30 quantitative key performance indicators, ranging from environmental performance and clean revenue, to employee well-being, diversity and inclusion.
StarHub’s approach to sustainability aligns with international standards and frameworks, including the Global Reporting Initiative, the Sustainability Accounting Standards Board, the Task Force on Climate-related Financial Disclosure, the Ten Principles of the United Nations Global Compact, and the United Nations Sustainable Development Goals.
The company is setting decarbonisation goals to reach net zero. In 2022, it achieved 10% renewable energy use through the procurement of Renewable Energy Certificates, and has committed to increasing this to 30% by 2030. Deepening its investment in clean energy, StarHub signed a Virtual Power Purchase Agreement with Terrenus Energy in 2022, and will procure 100% of the renewable electricity to be generated from Terrenus’s 13.2MW solar farm on Jurong Island over the next 13 years.
On community support, StarHub partnered with organisations such as IMDA, Central Singapore Community Development Council, Community Chest, The Food Bank Singapore and Care Corner, sponsoring close to SGD 1.9 million and reaching more than 12,800 beneficiaries including disadvantaged children and youths, lower-income families, and persons with disabilities and their caregivers.