S&T COMPANIES INDUSTRIES CASE STUDIES INVESTORS NEWS BLOG ABOUT S&T CONTACT DE Significant progress in the ESG sector, implementation of the TTS program and share buybacks September 7, 2021 Home / News / Significant progress in the ESG sector, implementation of the TTS program and share buybacks Linz, September 7, 2021: S&T AG (ISIN: AT0000A0E9W5, WKN: A0X9EJ, stock code: SANT) is successively advancing its TTS (Trust Transparency Share) program announced in April 2021. On September 3, 2021, as part of the TTS-program (Trust), a Europe-wide tender was launched in good time for the award of the audit mandate for the individual financial statements of S&T AG as well as the consolidated financial statements of the S&T Group. The new auditing company, which will replace the current auditor Ernst & Young starting in the financial year 2022, is to be proposed to the shareholders for appointment at the next Annual General Meeting of S&T AG. The focus of the two-stage tender process is on the selection of a new renowned auditor that has references in the technology and ESG sectors as well as many years of expertise in companies listed on the stock exchange and a strong network of local auditors in the countries in which the S&T Group operates. The simplification of group structure to increase Transparency is also making further progress. During the first months of the current financial year, 5 subsidiaries have already been merged, and a further 6 companies are to be merged or liquidated by the end of the year. The development of our ESG initiatives is very pleasing. Numerous points have been implemented in the course of the 3-step-plan, such as women on the supervisory board now accounting for 40%, the audit committee being composed with a majority of independent female financial experts and also many initiatives involving renewable energy. These measures led to MSCI raising the ESG rating of S&T AG by 2 notches from “B” to “BBB” at the end of August. Hannes Niederhauser, CEO S&T AG: “We have consistently implemented a large number of measures in the TTS-program over the past few months and are constantly working on further improvements. The share buybacks we announced in 2021 of approx. EUR 20 million are ahead of schedule and we now consider the start of another program. We are particularly pleased that our internal initiatives are now beginning to be reflected by our ESG rating being upgraded by 2 notches. In particular, the above-average rating in the governance sector compared to the peer group is proof of the progress achieved. We will go on investing effort here and continue to improve as part of our ESG 3-step-plan.“ Similar news November 4, 2021 S&T AG: Microchip crisis slows growth despite strong order intake Revenue growth in Q1-Q3 of 9.2% to EUR 913.8 million (PY: EUR 836.4 million) EBITDA increases slightly in Q1-Q3 to ... Explore October 12, 2021 S&T AG: Capital Market Day 2021 The technology group S&T held its virtual Capital Market Day 2021 yesterday. The event in Vienna was followed live online ... Explore August 5, 2021 S&T AG excels with strong backlog Revenue growth of 11.5% to EUR 600.6 million (previous year: EUR 538.7 million) Explore Factsheet Contact us E-news Sign up Sustainability Report Media Kit Imprint Privacy Follow us © S&T AG 2021 We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok