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36 SIMPLY SMARTERSUSTAINABILITYST Engineering defines sustainabilityin line with many of the world’sleading corporations, and that of UN’sBrundtland Commission, that is to‘meet the needs of the present withoutcompromising the ability of futuregenerations to meet their own needs’.ST Engineering believes thatsustainability is about our performanceon the triple bottom line – People(Social), Planet (Environment) andProfit (Economic).Sustainability is about PeopleOur employees, customers andpartners make up the People.Our employees are our greatestresource. We foster a committed andengaged workforce through continuouslearning, an equitable recognitionsystem and a conducive culturethat embraces our core values andappreciates resilience and innovation.Our customers dictate our success.We deliver high levels of satisfactionthrough value creation, quality productsand systems, and exemplary services.Our partners help us extend our marketreach. We build positive and longterm relationships with our partnersto ensure continual improvement inthe delivery of quality products andservices to our customers.Sustainability is about the PlanetWe hold the environment in trust forfuture generations and are committedto conducting our business in anenvironmentally-friendly manner.Sustainability is about ProfitA business cannot exist withoutcreating economic value. We createvalue for our shareholders throughprudent risk management and goodgovernance practices.Sustainability management is thereforehow we integrate the management ofeconomic, environmental and socialperformances with the goal of creatingvalue for our stakeholders.OUR APPROACH TOSUSTAINABILITY MANAGEMENTIn ST Engineering, we implement theBusiness Excellence Framework withthe aim of achieving our sustainabilitygoals. ST Engineering’s BusinessExcellence Council was establishedin early 2007 to provide direction andoversight on the Business ExcellenceFramework, and review the results ofour sustainability performance.The Business Excellence Council ischaired by the President & CEO, withthe Deputy CEO as Deputy Chairman.Supported by its six componentcommittees, the Council providesguidance, decides on new projects,and approves budget allocations.A major goal of the Council is to ensurethat the principles of sustainabilityare incorporated within businessdecision-making to achieve positiveand sustainable outcomes for allstakeholders including businesses,employees, unions, the environmentand the community at large.The Council meets at least twice ayear, while its component committeesmeet at least four times a year. Thecommittees are chaired by membersof the senior management team,and involve management staff fromall business areas. Annually, thecommittees publish the results of theirinitiatives and performance, and sharethem at a Business Excellence seminarwhich employees are invited to attend.Our efforts in the areas of innovation,the environment, workplace safety andpeople excellence are detailed in thenext few pages.
SINGAPORE TECHNOLOGIES ENGINEERING LTD Annual Report 201137THE BUSINESS EXCELLENCE COUNCILChairmanPresident & CEO(ST Engineering)Business ExcellenceSecretariatDeputy ChairmanDeputy CEO(ST Engineering)Business Foresight Committee(1) Identify and analyse emerging risks andopportunities (including sustainabilityissues) that are material to the Group(2) Review and update the Group’s visionand mission statements, as well as itsCore ValuesCustomer Excellence Committee(1) Foster a customer centric culture thatinculcates a ‘customer first’ mindset(2) Establish and implement customerexcellence practicesTechnology, IPR & Innovation Committee(1) Identify key technological trends, analysetheir impact on sustainable growth, andrecommend new areas for businessgrowth(2) Promote and manage innovative andcreative efforts within the GroupPeople Excellence & Learning OrganisationCommittee(1) Foster a committed and engagedworkforce(2) Develop and maximise the potential ofour employees(3) Build a healthy pipeline of talent andleaders for sustainable growthEnvironment, Health & Safety Committee(1) Promote and share good practices in –(a) managing and enhancingoccupational health and safetyperformance at our workplace(b) managing the environmental impactof our activities, products or services,and improving our environmentalperformance(c) implementing system safety into ourproducts and services(2) Establish and implement frameworksfor compliance with environmental,occupational health and safety laws,regulations, and industry/internationalstandards (including those relating toproduct system safety)Corporate Social Responsibility Committee(1) Review the impact of local andinternational practices and trendson the Group’s corporate socialresponsibility and sustainability; andmake recommendations to the Councilregarding these matters(2) Promote the awareness of the currentand future impact of our actions on theenvironment and community(3) Develop and implement projects toincorporate our ideals of sustainabilityinto the business operations and thelives of our employees
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