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stc
Annual Report
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A brief overview of stc
Group

 

,The performance, activities

and investments of stc Group

and its subsidiaries during

the year 2022

 

Risks management

and transactions with

related parties

 

Board of Directors and
Committees

 

Dividends Policy and Distribution

and Board Recommendations and

Compensation

 

Conclusion

 

Financial Consolidated

Statements

A brief overview of stc Group The performance, activities, and
nvestments of stc Group and
its subsidiaries during the year 2022 Risks management and transactions
with related parties Board of Directors and Committees Dividends Policy and
Distribution and Board
Recommendations and Compensation Conclusion Financial Consolidated
Statements
Sustainability
Sustainability

  • 0,0

    technical services provided across 56 cities.

  • 00

    Non-profit organizations were served.

  • More than

    0

    Thousands users

Sustainability and

Social Responsibility

  • Our Sustainability Approach:

    Maximizing economic value, creating positive environmental impact and supporting progressive social development lie at the heart of stc’s approach to sustainability. stc aligns its actions with the goals of the Saudi vision 2030 to help build a better future, and it believes the steps it has taken to date are already catalyzing digital transformation across the entire Kingdom. stc aims to be a role model by taking responsibility and positively contributing to the environment, economy, and society.

    stc’s Board of Directors and GCEO set the tone from the top, with sustainability considerations being an integral part of the decision-making process. All functions and activities across its organization reflect its commitment to managing its business in the most sustainable way possible.

    Awareness of corporate responsibility and support for recognizing the collective impact of individual action are pillars of our approach to fostering positive change.

  • Sustainability Overview and Mission:

    Corporate Sustainability's mandate positions it as a strategic partner to give importance to ESG, meet investor pressure, fulfill anticipated regulatory requirements and achieve ESG goals and commitments.

    Environment:

    .

    Integrate environmental responsibility within the Group with focus on climate action, Greenhouse Gases (GHG) emission reduction, energy efficiency, and circular economy.

    Social:

    .

    Execute social investment strategy and relevant framework cascading to stc.

    .

    Engage in effective partnerships to address social challenges and maximize positive impact.

    Corporate Governance:

    .

    Refresh corporate sustainability strategy and roll-out 3 year roadmap and cascade it across stc Group.

    .

    Ensure Group-wide awareness, transparency and ESG disclosure.

    .

    Develop sustainability annual report covering ESG aspects across stc Group.

  • Social Investment:

    chemical

    • 1 - Technical Enablement program:

      The objective of this program is digitally transforming charities and non-profit organizations by providing them with digital solutions and platforms that would help them develop and improve their organization’s processes (administrative, financial, and operational).

      Social impact:

      0,0

      technical services provided across 56 cities.

      0

      Non-profit organizations were served.

      More than

      0

      Thousands users.

    • 2 - Volunteer Program:

      The Volunteering Program aims to enhance the practice of volunteering for non-profit sector organizations as one of the solutions that stc contributes for this sector which would raise work efficiency, performance, and building human capability. The platform provides all non-profit sector organizations with the opportunity to register and add volunteer opportunities available to the organization, and stc employees can view and apply for the latest opportunities available on the platform.

      Target audience:

      .

      Non-Profit entities.

      .

      Employees.

      Outcomes:

      0

      employees have volunteered.

      0

      Non-profit organizations were served.

      0,0

      volunteering hour.

    • 3 - ImpactU:

      Focuses on supporting and developing social, cultural, and environmental digital start-ups in the region with a goal of increasing the contribution regionally and globally in societal development.

      Target audience:

      .

      Social entrepreneur.

      Outcome:

      SAR 0K

      investment per project with total annual investments of SAR 1M.

      0

      beneficiaries from training.

      0

      incubated projects.

    • 4 - Recycling projects:

      .

      Personal Computers Recycling: Through our partnership with Ertiqa, stc donates used devices such as laptops, tablets, printers or desktop computers to be refurbished, formatted, reinstallation of needed software and applications to be handed over to those in need across the Kingdom.

      .

      Furniture Donation: stc donates furniture that own by it to be handed over to those in need across the kingdom.

      Target audience:

      .

      Non-Profit entities.

      Outcomes:

      More than

      0,0

      devices have been donated.

      More than

      0

      furniture pieces have been donated

      0

      Non-profit organizations served.

      clean

    • 5 - Knowledge Sharing:

      Workshops through which knowledge, awareness, and measuring social impact are transferred taught in the field of sustainability along with introducing trainees to the mechanism of impact measurement and calculation of Social Return on Investment (SROI) for social investment projects.

      Target audience:

      .

      Non-Profit entities.

      Outcomes:

      More than

      0

      trainees from public and non-profit organizations since the launch of the project.

      0

      training courses.

      More than

      0

      of public entities and non-profit organizations.

    • 6 - YNMO Platform:

      An initiative provide professional development for practitioners using the latest evidence-based methods and techniques for people with disabilities.

      Target audience:

      .

      Children with Special Needs.

      Outcomes:

      More than

      0

      counseling sessions.

      More than

      0

      beneficiaries from teachers.

      More than

      0,0

      beneficiaries from children with Special Needs.

    • 7 - Smart Truck:

      It is a technology truck equipped with screens, computers, and etc, with the aim of holding an awareness sessions in technology field for the elderly people.

      Target audience:

      .

      Elderly people.

      Planning Outcomes:

      0

      Governorate in first phase of project.

      0,0

      Targeted elderly people in remote areas.

    • 8 - Ehsan

      stc contributed to the national campaign for charitable work by donating SAR 11 million through the “Ehsan” platform, in continuation of stc's support for the charitable platform and its harnessing of all its digital capabilities in cooperation with the Saudi Data and Artificial Intelligence Authority (SADAIA).

    • 9 - Home Renovations:

      stc is working on restoring, renovating, and ensuring the inclusion of a number of low-income households in the peripheral provinces throughout the Riyadh region, as a continuation of stc's efforts to support and empower the less fortunate groups in society and support quality of life programs.

      Social impact:

      0

      homes through 11 cities.

      0

      beneficiaries including their families.

      Investment of

      0

      million

      Over a period of

      0

      months.

      Across

      0

      provinces in Riyadh.

    • 10 - Jood Eleskan:

      building

      A non-profit community initiative adopted by stc employees to empower the non-profit housing sector to find sustainable development housing solutions, provide connectivity and contribute to improving the quality of life for families in the local community.

      Worker

      Social impact:

      0

      houses to be renovated and connected to the internet.

      SAR 0 million

      has been awarded for houses renovation.

      Worker