Sustainability and climate related governance at SLT is implemented through a structured, multi tier oversight model, underpinned by clearly defined reporting lines, accountability mechanisms, and integration within the Enterprise Risk Management (ERM) framework. Sustainability and Climate related risks and opportunities are identified at the operational level, consolidated and assessed by management, and subject to strategic oversight by the Board.
The Sustainability Governance and Oversight Framework establish the hierarchical arrangements through which Sustainability Related Risks and Opportunities (SRROs) and Climate Related Risks and Opportunities (CRROs) are governed across Board, management, and operational levels. This integrated framework ensures coherence across governance, strategy, risk management, metrics and targets, and disclosures, in alignment with the requirements of SLFRS S1 and SLFRS S2.
2.1 Governance Body Responsible for Oversight
The Board of Directors has ultimate responsibility for overseeing sustainability and climate related matters and for setting the strategic direction of SLT. The Board ensures that sustainability considerations are integrated into the SLT’s long term value creation objectives, risk appetite, and strategic planning processes.
The Audit Committee maintains primary responsibility for overseeing the overall risk management framework and internal control systems. Furthermore, the Risk Management Steering Committee (RMSC) is accountable for identifying and evaluating critical business risks before escalating them to the Board level. Oversight of Sustainability Related Risks and Opportunities (SRROs) and Climate Related Risks and Opportunities (CRROs) was delegated by the Audit Committee (AC) until 31 December 2025. The AC met at least four times annually, to monitor and review sustainability and climate related risks and opportunities, including their incorporation into the SLT’s enterprise risk management framework and sustainability related financial disclosures.
2.2 Key Sustainability and Climate Responsibilities
| Governance Body | Key Sustainability and Climate Responsibilities |
|---|---|
| Board of Directors | Approve and review corporate sustainability and climate strategy aligned to strategic Imperatives |
| Sustainability related issues are reviewed as part of the Board’s periodic discussions on strategy, risk management and stakeholder expectations | |
| Audit Committee | The Audit Committee receives quarterly updates from Risk Management Steering Committee regarding emerging sustainability related risks, regulatory developments, and related performance indicators. |
2.3 Competencies and Skills Related to Sustainability and Climate-Related Risks and Opportunities
SLT ensures that its Board of Directors and relevant Board Committees collectively possess the appropriate knowledge, skills, and experience to oversee sustainability matters and climate-related risks and opportunities. The Board is supported by members with expertise in telecommunications operations, corporate governance, and strategic management, including representation within the Audit Committee with relevant industry and governance experience.
To strengthen oversight of emerging sustainability and climate-related matters, the Board periodically reviews relevant policies and governance frameworks to ensure alignment with evolving sustainability priorities and regulatory expectations. In addition, members of the Board and senior management enhance their competencies through continuous learning and capacity-building initiatives, including access to knowledge development programmes offered by the United Nations Global Compact Knowledge Academy and other sustainability-focused platforms.
These measures ensure that the Board maintains the necessary capabilities to effectively assess and oversee sustainability and climate-related risks and opportunities as part of the SLT’s overall governance and risk management framework.
To support implementation of SLFRS S1 and SLFRS S2, SLT engaged Messrs. Deloitte to conduct structured training for management teams.
2.4 Oversight of Target-Setting
Targets pertaining to carbon emission and reduction are set internally on an annual basis, which is in line with the organisation’s overall Net Zero roadmap. These targets are monitored by comparing them to actuals annually by the overall energy performance and renewable energy used. However, Climate-related performance measures are not yet incorporated into the executive remuneration framework.
The Board and the Remuneration committee continue to review emerging regulatory expectations and industry practices and will evaluate the potential integration of climate-related metrics into future remuneration structures to ensure alignment with SLT’s long-term climate strategy and governance commitments.
2.5 Management’s Role in Governing Sustainability and Climate-Related Risks and Opportunities
Environment, Social, and Governance (ESG) Strategic Committee led by CEO, SLT-MOBITEL is the overarching governance body at the management level, supported by dedicated Group Sustainability function that manages and coordinates broader sustainability issues throughout SLT Management’s oversight of the Group’s sustainability and climate-related risks and opportunities is supported by using controls and procedures relating to the identification and monitoring of sustainability and climate-related risks and opportunities. These controls form part of the Group’s risk management processes, which include annual risk reviews and are integrated throughout its business functions.
The scope of work of ESG Strategic Committee includes strategy development and integration, compliance and regulatory oversight, managing risks and opportunities, monitoring and reporting and capacity building and advisory related to sustainability and climate related matters.
The management role in monitoring, managing and overseeing sustainability and climate related risks and opportunities is primarily driven by the Environment, Social, and Governance (ESG) Strategic Committee which is chaired by Chief Executive Officer of SLT. This role oversees:
- Compliance with relevant ESG-related standards (ISO-14064-1:2018, ISO-IEC22301:2019, ISO-9001:2015, ISO-IEC27001:2022, ISO-31000:2018), regulations, and best practices
- Development and implementation of strategies and practices that integrate ESG principles into the core business operations (environmental policy implementation ISO-14001:2015, copper migration to the fibre, introducing hybrid working model, Installation of energy-efficient equipment)
- Identification and assessment of potential ESG risks and opportunities, and development of strategies to mitigate risks and capitalise on opportunities
At the management level, progress is driven by cross-functional committees led by Senior Management, which are responsible for specific sub-pillars such as energy management, waste management, and environmental preservation. The high risks areas identified in relation to sustainability and climate in ESG Strategic Committee is presented to Risk Management Steering Committee (RMSC). The RMSC is reported to Audit Committee on major sustainability and climate related risks discussed in RMSC meetings.