Case study - STP

STP achieved several ESG milestones over the past year, with a particular focus on climate action and cyber security – reflecting its ESG value proposition. 2022 highlights include:

Climate action

• Submitted and received approval for science-based targets to reduce Scope 1 & 2 emissions by 42% by 2030. STP has already progressed towards this target by procuring 100% renewable electricity for its headquarters in Karlsruhe.
• The company also switched to cloud data providers committed to sourcing 100% renewable energy. Although emissions have gone up from 2021 to 2022 due to improved carbon reporting and business growth, STP has various initiatives in the pipeline to drive down emissions in coming years to meet its target.

Cybersecurity

• Implemented and received certification for the ISO 27001 framework, an international standard for information security management to safeguard against emerging cyber risks.
• STP already shows strong historical performance in this issue area with zero data security incidents in the past three years.

ESG integration

• Established an internal ‘Green Team’ to operationalise its ESG strategy and formalised a steering committee with C-level accountability for ongoing monitoring and progress reporting on ESG KPIs.

Future focus

• Expand renewable electricity to all offices, electrify fleet and procure biogas to achieve SBT by 2030.
• Reduce value chain emissions via implementing new business travel policies to reduce carbon emissions from employee commuting, company fleet usage, and other business travel.
• Successfully hired a dedicated lead to develop DEI initiatives and improve female employee engagement and retention.