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Sterlite Technologies Limited. — Regulatory Filings 2023
Oct 27, 2023
59411_rns_2023-10-27_43e4b7f5-dbca-41a9-bf38-201291c13a35.pdf
Regulatory Filings
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www.stl.tech
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October 27, 2023
National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C-1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051.
BSE Limited Phirozee Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.
Sub: - Press Release – STL achieves a global milestone: World's first Eco-labelled optical products range unveiled at IMC 2023
Ref: - Scrip ID - STLTECH/ Scrip Code – 532374
Dear Sir/Madam,
The Company is pleased to announce that it has become the ‘first in the world’ to launch a range of Eco-labelled Certified Optical Products. This range of optical products is recognised by US-based Sphera , an ESG performance consulting services company, and verified by Metsims Sustainability Consulting , a global sustainability consulting firm.
A copy of the Company’s Press Release in this behalf, is enclosed herewith.
Kindly take the above on record.
Thanking you.
Yours faithfully,
For Sterlite Technologies Limited
Digitally signed by AMIT VILAS AMIT VILAS DESHPANDE DESHPANDE Date: 2023.10.27 16:43:47 +05'30'
Amit Deshpande
General Counsel & Company Secretary (ACS 17551)
Enclosure: As above
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408
www.stl.tech
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PRESS RELEASE
STL achieves a global milestone: World's first Eco-labelled optical products range unveiled at IMC 2023
New Delhi, 27 October 2023: STL [NSE: STLTECH], a leading optical and digital solutions company, today announced that it has become the ‘first in the world’ to launch a range of Eco-labelled Certified Optical Products. This range of optical products is recognised by US-based Sphera , an ESG performance consulting services company, and verified by Metsims Sustainability Consulting , a global sustainability consulting firm.
Third-party verification of an ecolabel is of utmost importance as it adds credibility and trust to the environmental claims made by the company. This reputable third-party certification places STL’s sustainability efforts in the top quadrant of environmental leadership, classifying its gold-rated products as “Sustainable and Green”. This achievement attests to STL's ingenuity towards bonafide sustainable practices in an era where greenwashing concerns are becoming commonplace.
These ISO 14024 and EU guidelines compliant Ecolabels granted to STL’s products are multi-attribute in nature which means they cover many distinct environmental parameters such as energy use, chemical use, recycling, and more.
Post rigorous, multi-attribute evaluation, STL’s products exhibited robust performance.
When compared to standard products, these Eco-labelled products:
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Utilise ~52% less energy
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Carry ~75% less global warming potential
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Use ~18% more recycled content and[~] 25% more recycled packaging material and water
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Reuse and recover ~20% more waste
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Enhance the longevity of the network by nearly 13 years.
This announcement comes after a series of world-leading sustainability initiatives by the company including Zero-Waste to Landfill, Zero Liquid Discharge certifications, and the recently announced adoption of the Science-based Targets initiative (SBTi).
Excited about STL’s cradle-to-grave Eco-label framework that covers all stages from sourcing to finished products, Akanksha Sharma, Global ESG Head, STL said “We are always committed to providing our customers the most sustainable products. Our Eco-labelled products, which are gold-rated on sustainability standards and assured by an external agency, are a big leap forward towards making sustainability a core and integrated industry practice in the industry. This will greatly benefit our customers enabling them to build more sustainable supply chains and accelerate their carbon-neutrality goals.”
“As we announce this groundbreaking development today, I couldn’t have been prouder. Our Eco-labelled products represent a monumental step forward for our customers’ green journeys and put India at the forefront of concrete sustainability action. I'm sure it would create ripple effects of sustainable development in the entire digital networks industry across the world,” said Ankit Agarwal, Managing Director, STL.
Commenting on the launch, Devusinh Chauhan, Minister of State for Communications, said : “I congratulate STL for taking this environment-friendly initiative and launching the world’s first externally certified Eco-labelled Optical products range. STL is playing a leading role in the world to provide sustainable optical solutions. The government is also
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408
www.stl.tech
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looking at measures and reforms that encourage other companies to take similar initiatives and make the planet a better place to live. ”
Going forward, STL has committed to having ~ 80% of its optical product range Eco-labelled by 2030, in line with its Netzero emissions goal.
About STL - Sterlite Technologies Ltd:
STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. Read more, Contact us, stl.tech | Twitter | LinkedIn| YouTube
For more information, contact:
Media Relations Agency Contact Investor Relations Khushboo Chawla Vaibhav Gogia Lakshmi Iyer Phone: +91 9711619114 Phone: +91 9015222095 Phone: +91 9769152055 [email protected] [email protected] [email protected]
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408