ABOUT US Colocation Data Centres ESG Our purpose is to drive meaningful impact by operating with unwavering integrity and prioritising the well-being of people and the planet in everything we do. We aim to foster responsible AI-led digital growth with sustainable digital infrastructure. A MESSAGE FROM OUR CEO A vision for the digital future Bimal Khandelwal Chief Executive Officer A MESSAGE FROM OUR CEO A vision for the digital future MORE The global and Indian economies are increasingly intertwined with the rapid advancement of digital technologies, a trend that is accelerating. The mainstreaming of AI and Machine Learning, along with growing hyper-connectivity and digital-native components, has led to an unprecedented rise in data volume and complexity, driving immense demands for computing, storage, and network infrastructure. This surge in power demand often surpasses available grid capacities, leading to significant environmental impacts, particularly in light of 2023 being the warmest year on record. Climate risks, resource constraints, socioeconomic inequities, and security concerns related to unchecked technological growth are among the most critical challenges we face today. Therefore, the need for a proactive approach to balancing environmental and social sustainability with the imperative for growth has never ever been so relevant and acute. At STT GDC India, inspired by our group's ethos, we believe that sustainable digital growth is built on a foundation of sustainable digital infrastructure. With our leadership position in the data centre services sector in India, we recognise our significant role in anchoring, developing, and executing the sustainability agenda. This year marked a significant milestone in our decarbonisation journey with 48% of our energy consumption attributable to renewable sources, underscoring an impressive growth from FY 2021 133% baseline. In line with our commitment to carbon neutrality in our data centre operations by 2030, we have implemented energy efficiency and carbon reduction initiatives, leading to a reduction in 47% carbon intensity over our FY 2021 baseline. We are also optimising PUE at new sites by using highly efficient cooling and electrical equipment. Additionally, we have consciously shifted to predominantly air-cooled technologies in our facilities Pan India to enhance water management. Our water conservation initiatives, including harvesting and recycling efforts, deserve special mention. A safe and equitable workplace is the core enabler of our holistic sustainability journey, and we are continuously making significant strides in this area. Our organisational character is defined significantly by our long-term commitment to effect positive social change. Alongside our ongoing high impact community development initiatives around rural economic upliftment and diffusion of technical skills. We are excited to announce that, for the fifth consecutive year, we've been certified as a Great Place to Work, ranking 14th among India’s Great Mid-Size Workplaces and 42nd among Best Workplaces™ in Asian 2024 Small and Medium, with an employee satisfaction trust index of 91%. Our customers, as our key stakeholders, continue to repose their unwavering long-term confidence in us, reflected in an industry leading Net Promoter Score of 85%. As sustainability becomes a central focus in public discourse and increasingly integrates with business goals, we have established robust governance structures, regularly updating our policies to stay aligned with the evolving landscape and actively engaging in policy advocacy to promote the long-term health of the data centre sector and responsible digital adoption. We're pleased to present our FY 2024 ESG report, showcasing our progress and achievements in our long term ESG commitments. As our business expands and the world witnesses digitally driven transformation, we stay dedicated to integrating sustainability across all aspects, with a focus on fostering responsible AI-driven digital growth through sustainable digital infrastructure. LESS OUR COMMITMENT Building Digital Infrastructure for Responsible, Resilient & Sustainable Growth As we enter the next phase of digitally enabled growth, driven by rapid technological advancements in AI, we remain committed to balancing people, the planet, and profits. We understand that business & technology thrive with environmental, social, and economic sustainability. This principle drives us to lead in building sustainable, resilient digital infrastructure for a better future. VIEW OUR 2024 PROGRESS We have aligned our objectives with the United Nations Sustainable Development Goals (UN SDGs). Our environmental, social and governance (ESG) strategy for the coming 5 to 10 years focuses on: • Achieving carbon-neutral data centre operations by 2030 • Ensuring we maintain a safe and secure, diverse and inclusive workplace • Upholding the highest standards of ethics and responsibility across our operations This commitment guides us in high-growth markets and as we expand into new geographies and drive the sustainable AI agenda forward, ensuring we prioritise stakeholders beyond our customers and contribute to a more sustainable global economy. To demonstrate our commitment to our ESG strategy, we have established a Sustainability-Linked Financing Framework (SLFF) to facilitate the structuring of STT GDC’s financing where applicable. ENVIRONMENT SOCIAL GOVERNANCE ENVIRONMENT ENVIRONMENT SOCIAL GOVERNANCE ENVIRONMENT De-carbonising our Data Centre Operations Given the exponential increase in data and the demand for faster, and more powerful computing capabilities, the industry urgently needs to speed up its decarbonisation efforts. And as the core infrastructure provider for the digital world, the way we operate directly impacts the ecosystem. It is imperative for us to think and act differently to make a meaningful difference. In response to these environmental challenges, we are: Reducing carbon intensity targets alongside business growth despite the growth in operational data centres and the associated rise in energy consumption, we achieved a 36.7% reduction in carbon intensity compared to the base year of FY 2021. Leveraging Renewable Energy We remain committed to sustainable expansion by securing renewable electricity through PPAs, Energy Attribute Certificates (EACs), and green tariffs. Greening New Builds New data centres built to top global and local building and energy efficiency certifications such as BREEAM, LEED, BCA-IMDA Green Mark, SS564 and more. Adapting design strategies that leverage local conditions while assessing on-site risks and opportunities. Advanced Liquid Cooling Technologies Our AI-ready data centres host some of the largest AI/GPU clusters in the country. To efficiently support diverse high-performance computing workloads, we utilise a comprehensive range of advanced cooling and infrastructure technologies. SOCIAL Fostering a Safe, Inclusive, and Thriving Workplace At STT GDC India, people are at the heart of everything we do. We prioritise the health, safety, and well-being of everyone at our facilities while championing a culture of inclusion and diversity. By creating positive and empowering environments, we enable our employees to thrive. Our commitment to this vision includes: Building Safe Workplaces Ensuring the health, safety, and overall well-being of our employees and workers are top priorities driven through multiple initiatives. Committing to the world-class safety performance of our construction and operational activities, including certification to relevant standards such as ISO45001. Advancing Diversity and Inclusion We uphold diversity, inclusion, and non-discrimination principles in our recruitment and performance appraisal processes. Achieving a diversity ratio of >20%, our principles are further reinforced through our Employee Code of Conduct, which upholds human rights and anti-discrimination standards. Providing Training and Development Opportunities We are dedicated to allocating resources to continually improve our human capital, enhancing our competitiveness in a constantly changing environment. We encourage our employees to expand their skillsets and knowledge through training and development courses specific to their expertise. GOVERNANCE Championing Corporate Integrity and Ethical Excellence At STT GDC India, corporate integrity and responsible business practices are core to our values and culture. As a proactive shareholder, we advocate for robust corporate governance across our portfolio companies. By maintaining the highest standards of ethical conduct and governance in every location we operate, we are raising the bar and setting new benchmarks. Our commitment includes: Compliance Our robust compliance framework, overseen by the board and senior management, ensures adherence to all applicable laws and regulations. Leveraging the iComply platform, we monitor over 7,500 national and state regulations across key areas like environment, labor, finance, and IT, minimising regulatory risk and ensuring operational excellence. Advocating Ethics and Transparency At STT GDC India, integrity drives everything we do. Our Code of Conduct sets clear expectations for employees, promoting honesty and accountability. We have zero tolerance for corruption or ethical misconduct. We also have a strong whistle-blower mechanism in place to protect and empower those who report concerns.