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SThree (STEM)
SThree: 2020 ESG Impact Report
29-Apr-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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29 April 2021
SThree plc
2020 ESG Impact Report
SThree plc ("SThree" or the "Group"), the only global pure-play specialist
staffing business focused on roles in Science, Technology, Engineering and
Mathematics ('STEM'), has today published its annual review of the impact
of the Group's ESG (Environment, Social and Governance) strategy.
The report includes an overview of the Group's ESG activity and progress
in 2020, as well as its commitment for the future, the success of which
will be measured against a number of targets. These targets include:
• Positively impacting a total of 150,000 lives, 2020 to 2024 inclusive
• Doubling the share of our global renewables business by 2024 (2019
baseline)
• Reducing our absolute carbon emissions by 20% by 2024 (2019 baseline)
• Increasing gender representation at leadership levels to 50/50 by 2024
The report highlights progress against these targets in 2020, including:
• Positively impacted a total of 19,889 lives in 2020:
◦ 14,000 people accessed decent work through SThree placements
◦ 989 people accessed community programmes ran by SThree
◦ 4,900 people accessed career development opportunities hosted by
SThree
• Our renewables business grew 20% and now represents 6% of revenue
(2019: 5% revenue)
• Reduced our absolute carbon emissions by 56% on 2019 levels, driven by
the global pandemic and associated lack of travel. The focus is now on
stabilising our carbon emissions within a more flexible working
environment
• Representation of women at all leadership levels of 36%
ESG Strategy update
The Group's long-term commitment to the environment and society has laid
the foundations for its newly refreshed ESG strategy, which was introduced
in October 2020. The ESG strategy focuses on the three key areas of
building a green future, building an inclusive workforce for the future
and building on our business ethics. These three areas are aligned with
the United Nations Sustainable Development Goals and are integral to the
successful execution of the Group's broader growth strategy. The new ESG
strategy will be implemented and measured by the Group ESG Committee,
which includes the Company's Chair, CEO and CFO.
Early adoption of TCFD recommendations
The Group has also made a commitment to adopt the recommendations of the
Task Force on Climate-related Financial Disclosures ("TCFD") and align the
Group's reporting and disclosures by undertaking climate-related scenario
analysis.
An update will be provided at the time of the interim results
announcement, with the Group's full findings and management response
disclosed in line with the TCFD guidelines in SThree's FY 2021 annual
report and accounts.
Mark Dorman, CEO of SThree, commented:
"We've always known the true value of science, technology, engineering and
mathematics in making our world a better place, and our purpose of
'bringing skilled people together to build the future' has never felt more
relevant or important than it does today. Publishing our 2020 ESG Impact
Report today is another step forward in our commitment to generating
positive change in the world, that we first made over 35 years ago. We
look forward to reporting on our progress next year."
Gemma Branney, Global Head of ESG for SThree added:
"We've made great strides in progressing our ESG strategy over the past 12
months, most importantly in setting ourselves tangible ESG targets. These
targets not only challenge us to be focused on what we need to achieve in
terms of sustainability in the years to come, they underpin our growth as
a Group - we believe sustainability and business success are interwoven.
We are also pleased to have committed to being transparent in measuring
ourselves against these targets, and to holding ourselves accountable in
our annual impact report. We've already changed the lives of tens of
thousands of people around the globe. And we want to continue take
meaningful and deliberate actions to tackle some of the biggest challenges
we face in society, to build a better, more sustainable future for
everyone."
The full report is available here:
1 https://www.sthree.com/media/3607/impact-report-2020.pdf
- Ends -
Enquiries:
SThree plc 020 7268 6000
Mark Dorman, Chief Executive Officer
Alex Smith, Chief Financial Officer
Steve Hornbuckle, Company Secretary
020 3405 0205
Alma PR
Susie Hudson
John Coles SThree@almapr.co.uk
Notes to editors
SThree plc brings skilled people together to build the future. It is the
only global pure-play specialist staffing business focused on roles in
Science, Technology, Engineering and Mathematics ('STEM'), providing
permanent and flexible contract talent to a diverse base of over 9,000
clients in 15 countries.
The Group's c.2,600 staff cover the Technology, Life Sciences, Engineering
and Banking & Finance sectors.
SThree plc is quoted on the Premium Segment of the Official List of the
Financial Conduct Authority under the ticker symbol STEM and also has a US
level one ADR facility, symbol SERTY.
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ISIN: GB00B0KM9T71
Category Code: MSCL
TIDM: STEM
LEI Code: 2138003NEBX5VRP3EX50
Sequence No.: 101859
EQS News ID: 1190186
End of Announcement EQS News Service
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