stc Group’s female workforce grew by 120% between 2018 and 2020, occupying 30% of the leadership positions, according to Oxford Business Group's report.
The Sustainable Digital Transformation Report, issued by OBG's Information Department highlighted Saudi Arabia’s improvement in the digital government services, noting that the wireless broadband project achieved its main objectives for the year 2020 by reaching about 2.6 million users at 500,000 homes. It also reported that the project provide ICT services with an average internet access speed of 10 megabytes per second for each home. The report pointed out the initiative launched by the Ministry of Communications and Information Technology in which stc’s reliable networks provided about 43% of the population of the five largest cities with 5G network coverage.
Focusing on environmental, social and governance (ESG) information, the new report indicated that stc Group has made progress in the sustainability file with a 16% decrease in electricity consumption and an 18% decrease in consumption of petroleum materials across its buildings in 2020 compared to 2019.
The rate of manufacturing SIMs from recycled plastic increased by 100% in 2019 and 2020, (compared to 33% in 2018). The group also made effective contribution to the digital empowerment of various government and private sectors during the pandemic.
The report also provides an in-depth analysis of Saudi Arabia's long-term vision for economic progress and diversification, along with the ESG principles that support such progress and diversification, in an accessible and easy-to-navigate format, supported by key data and infographics.
The report recognizes steps taken by stc to combat the threat to cybersecurity, as the Kingdom ranks first in the region for its commitments in cybersecurity and 13th globally.
The Sustainable Digital Transformation report is one of a series of specially designed studies that the global research and consultancy company is working on in cooperation with its partners, making use of the best relevant research tools, including a wide range of articles and interviews that highlight ESG.
