Sustainability Report 2024

Making
Sustainability Count

Sustainability Highlights 2024

Message from Our CEO

Full
Report

Advancing Digital
Society

Advancing Green
Economy

Advancing People
& Communities

Driving
Governance & Risk

Message from Our CEO

Ritesh Kumar Singh

Chief Executive Officer

“At Smart Axiata, sustainability is not a side initiative — it's at the heart of how we operate and grow. We go beyond providing connectivity by embedding sustainability into our core business strategy and everyday decisions. We believe that true sustainability must be measurable, actionable, and impactful. And we're committed to inspiring our partners, communities, and the industry to do the same — because meaningful progress happens when we all make sustainability count.”

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Awards and Recognition

  • awards

    Asian Telecom Awards 2024

    B2B Client Initiative of the Year - Cambodia

  • awards

    EuroCham Cambodia

    Technology Leader Award on ESG Contest and Award 2024

  • awards

    Asian Telecom Awards 2024

    HR Initiative of the Year - Cambodia

  • awards

    Smart Axiata

    Gold Certificate of Tax Compliance

    Sustainability is not a side initiative — it is the foundation of how we grow, operate, and contribute

    Dear Stakeholders,

    We believe that progress is only meaningful when it is shared. As Cambodia continues its journey into the digital era, we stand not only at the forefront of innovation, but at the heart of national transformation. The rapid pace of technological advancement — from AI to cloud computing to 5G — is unlocking new frontiers for growth, but the true impact of these technologies lies in how they uplift people and communities.

    Cambodia is experiencing a pivotal moment in its digital evolution. While digital services continue to expand and benefit more segments of society, we recognize that ensuring equitable access and participation remains a shared responsibility. Progress must be inclusive, and sustainability must be intentional.



    That's why this year's theme, “Making Sustainability Count”, resonates deeply with us. While sustainability is sometimes seen as a branding exercise, at Smart, it is a core part of our strategy. It's not just the right thing to do for society — it's essential to our long-term success. Guided by our four sustainability pillars, we are driving meaningful progress in digital inclusion, climate action, community empowerment, and strong governance.

    PILLAR 1

    Advancing Digital Society

    Amid the rapid growth of the digital economy, Smart Axiata acknowledges the persistent digital divide — widened by limited connectivity and skills gaps — that continues to leave many behind. We are committed to bridging this divide to ensure everyone can thrive in a more connected world. Despite the challenges, our dedication to advancing digital inclusion remains steadfast. Our holistic approach focuses on expanding access to essential services like education, equipping individuals with the 21st-century skills they need, and supporting entrepreneurs to foster sustainable growth.

    Sustainable Development Goals
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    Network Quality & Connectivity

    We continue to strengthen network quality and connectivity to meet rising demand and support national development goals. Our focus remains on expanding coverage, improving reliability, and advancing digital infrastructure through innovation, automation, and sustainable practices.

    Total number of customers
    7.5 million
    Technology deployed
    GSM/Edge/LTE/ LTE-A/eSIM
    Number of base stations
    2G: 3,934 4G: 3,990
    Network coverage

    (by population coverage)

    2G: 99.5% 4G: 93.1%

    In 2024, we deployed 429 new base transceiver stations to expand 4G coverage. This effort enhances nationwide connectivity, improves service quality, and expands high-speed data access to more underserved communities across Cambodia.

    Smart streamlined its fixed broadband and home internet process by automating fiber provider selection, cutting connection time from over a day to over a day to just seconds.

    Customer Experience

    We improve customer satisfaction through enhanced digital channels, streamlined processes, and expanded nationwide retail presence. Our upgrades are guided by direct customer feedback to ensure faster, more secure, and accessible service delivery.

    Smart ranked 1
    in the market for three consecutive years: 2022, 2023, and 2024
    NPS Score for 2024
    38%

    NPS Score for 2022: 33.09%
    NPS Score for 2023: 34.37%

    tNPS for call center
    80%
    Digital Reputation Score
    45%

    Enhanced the SmartNas app by simplifying the top-up process, introducing gamification features, and integrating electronic Know Your Customer (eKYC) using facial recognition, AI, and machine learning across digital platforms.

    Launched Smart DakLuy, a service that allows prepaid users to request top ups from family or friends when unable to recharge.

    Digital Inclusion

    We expand access to digital education and services by supporting learning platforms, digital literacy programs, and inclusive technologies. Our efforts reach underserved groups, reduce the digital divide, and build capabilities across rural and marginalized communities.

    BEEP
    1,440
    CODE-C
    2,300
    Cambodia Digital Awards
    210
    Child Online Protection with APLE Cambodia through a reporting link
    15
    Digital Government Forum
    10,609
    Digital literacy program
    1,129
    Kid-KATHON
    210
    Mekong Farm App
    542
    Online Safety Forum
    218
    Online Safety Forum
    218
    STI Day
    31,268
    STI Day
    31,268
    SmartStart ULP
    1,330
    Technovation Girls
    662
    Techno Preincubation
    125
    18th Annual Cambodian Science, Technology, Engineering, and Mathematics (STEM) Festival and Cambodia Robotics Olympiad
    14,765

    Total number of beneficiaries in our digital education program: 64,823*

    *Note: Direct beneficiaries are the individuals, groups, or communities who immediately and directly receive the goods, services, or opportunities provided by the program.

    Digitization and Innovation

    We modernize legacy platforms through containerized architecture and introduce advanced features across core systems to improve service performance. We also invest in AI experimentation and data governance to ensure secure, scalable, and responsible digital transformation.

    IT Transformation

    Our aim is to modernize outdated platforms by adopting containerized architecture and introducing new features.

    Maximizing Value through AI

    Generative AI experimentation

    Establishment of data governance council

    Smart Enterprise Solutions for Sustainable Development

    Big data service

    Internet and private line for banks and other companies

    SME productivity tools

    PILLAR 2

    Advancing Green Economy

    Smart Axiata is dedicated to advancing a green economy by actively promoting Development Goals climate action and embracing the principles of a circular economy. This commitment reflects the company's recognition of the urgent need to address environmental challenges and foster sustainable development.

    Sustainable Development Goals
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    Climate Change

    We are committed to becoming a net-zero carbon company by 2050 by monitoring and reducing our greenhouse gas (GHG) emissions. This includes assessing our climate risks, advancing circular economic solutions and aligning our disclosures with global emissions reporting standards, reflecting our support for GSMA's goals for the mobile sector while championing the transformation of connectivity and digitalization.

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    Scope 1:

    -9.4% against 2023 due to solar energy utilization.

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    Scope 2:

    -3.5% against 2023 despite higher electricity usage due to the national grid's shift toward greener source of energy.

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    Scope 3 (tCO2e)

    The 2024 data are currently undergoing verification.

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    Total Emissions of Scope 1 & 2 (tCO2e)
    63,040.66*

    *Audited number.

    Increasing Solar Energy

    We continue to utilize clean energy by expanding our renewable energy initiatives. In 2024, we deployed another 150 new solar sites as part of our commitment to increasing network renewable energy consumption.

    Number of Solar Sites within Smart's Network

    2024

    1,684

    2023

    1,534

    2022

    1,239

    Number of Solar Sites within Smart's Network

    2024

    1,684

    2023

    1,534

    2022

    1,239

    Environmental Management

    Smart Axiata champions environmental stewardship through collaboration, partnerships, and implemented sustainability practices such as managing waste responsibly, conserving water, and protecting biodiversity to drive progress toward a circular economy and a greener future for Cambodia.

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    Educational outreach engaged

    994 families

    in Kampong Phluk, equipping them with essential information and resources to improve household environmental practices.

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    Supported by the Harvest Plastic Collection initiative, which led to the collection of 3,366.3kg of plastic waste by the local community.

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    Waste separation bins were placed in four main offices and the most high-traffic Smart Shops.

    Impact: Recycled 1.11 tons of single-use plastics

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    Total water consumption in 2024 (liters)
    approx. 13,400,000*

    *Across 70 shops and facilities. Water consumption increased due to the expansion of Smart Shops across Cambodia.

    Tree Planting Campaign with the Ministry of Environment

    In our commitment to preserving the environment, we continue to work closely with the government and promote national green campaigns through our digital platforms, including Short Messaging System (SMS) blasts, mobile app notifications, and social media channels.

    We participated in the National Orchid Forum and Tree Distribution Exhibition in July 2024 to celebrate National Tree Planting Day on 9 July. 35,000 individuals took part and supported Cambodia's national greening efforts.

    We participated in the National Orchid Forum and Tree Distribution Exhibition in July 2024 to celebrate National Tree Planting Day on 9 July. 35,000 individuals took part and supported Cambodia's national greening efforts.

    PILLAR 3

    Advancing People & Communities

    Smart Axiata is committed to fostering positive change within our organization and communities. We empower our workforce through inclusive development anchored in Diversity, Equity, and Inclusion (DEI), while our Advancing People & Communities agenda equips Cambodians with digital skills, knowledge, and entrepreneurial capacity to unlock opportunities, strengthen resilience, and thrive in a sustainable, inclusive future.

    Sustainable Development Goals
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    Fair, Diverse, and Inclusive Employment

    Fairness, diversity, and inclusion are critical to fostering a Winning Culture where every employe feels valued and supported. To foster a culture of diversity and inclusivity, we provide equal opportunities for all, regardless of age, gender, nationality, culture, or religion.

    icon 17%

    women's board representation

    icon 36%

    women's representation in senior management

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    Female staff:

    35% (479)

    icon 1,347 Cambodian

    employees

    Employee Engagement

    We utilize Employee Engagement Score (EES) to measure employee satisfaction and identify their needs. In 2024, our EES score was 80%, a high score compared with industry benchmarks.

    2024

    80%

    2023

    84%

    2022

    79%

    2024

    80%

    2023

    84%

    2022

    79%

    Talent Development and Attraction

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    Total training hours:
    34,159.16
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    Total employees that received training:
    1,177(86%)
    Targeted Training Initiatives

    In 2024, Smart Talent and the Organizational Development team introduced the following initiatives:

    Tech & IT Training

    Brown Bag Sessions

    Toastmasters Sessions

    Smart Education Sponsorship Program

    Smart x University Experience Tour

    Through immersive on-site visits, we provide university students — from local institutions such as CamEd Business School to international partners like the National University of Singapore — with firsthand exposure to Smart's operations, work culture, and career opportunities.

    Smart Career Workshop and Fair

    Designed to creatively expand our recruitment reach, this program equips participants with foundational sales knowledge and product insights. It enhances our recruitment experience while preparing candidates to integrate seamlessly into roles at Smart Axiata.

    Employee Health, Safety, and Wellbeing

    We believe that ensuring employee health, safety, and wellbeing is fundamental to building a conducive workplace. In prioritizing our people, we implement comprehensive safety measures, protocols, and initiatives to prevent accidents, illness, and promote overall wellness.

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    Number of fatalities:
    0
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    Number of employees trained on health and safety standards:
    154
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    Lost time incident frequency rates (LTIFR):

    Q1: 89.74 hours

    Q2: 30.48 hours

    Q3: 3.19 hours

    Q4: 0 hours

    Employee Wellness and Wellbeing

    We promote a holistic approach to healthy lifestyles that encompasses physical and mental wellness.

    12th Phnom Penh International Half Marathon

    Smart Blood Donation

    12th Phnom Penh International Half Marathon

    Smart Blood Donation

    Community Development

    We aim to create enduring, positive change within our communities by understanding local needs and empowering the underserved by offering digital skills, educational opportunities, financial and non-financial support. We aspire to shape Cambodia's next generation of leaders and build a digitally inclusive future through STEM.

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    Amount invested in the local communities:
    461,592 USD
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    Number of direct beneficiaries*:
    281,374

    *Target beneficiaries are external parties.

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    SmartStart Unipreneur Learning Platform (SmartStart ULP)

    Total beneficiaries in 2024:

    1,330 students
    icon 33
    BEEP centers across 15 provinces and cities
    Second Inland Festival

    On 8 June 2024, 39 Smart Axiata employees volunteered their time at the Second Inland Festival, where they helped to clean up villages, plant trees and run public campaigns to reduce plastic pollution, and promote recycling.

    Smart Tree Planting

    We gathered 130 employees to take part in a mangrove tree planting activity on 24 August 2024 at a coastal area within the Kampot province.

    Kid-Kathon

    To empower our youth and nurture new digital leaders, we volunteered two coding experts to mentor two teams of five high school students each.

    Emergency Disaster and Response

    As a telecommunications and digital business, Smart Axiata recognizes it plays a crucial role in providing connectivity and communications necessary or providing support, ensuring information and coordination efforts can be carried out to help communities affected by disasters. We improve disaster responses and community resilience through preparedness, early warnings, and robust infrastructure.

    Smart Axiata's operations and processes are aligned with Axiata Group's approach, in that we identify risks, establish early warning systems, form crisis management plans, and hold regular training. We ensure preparedness, minimize disruptions, and enhance resilience by clarifying roles, communication protocols, and recovery strategies.

    We partner with People in Need and government agencies to launch Early Warning System (EWS) 1294, a flood early warning system that leverages SMS broadcasting to alert over 8 million users nationwide covering over 99% of the country, enabling timely evacuations even in remote areas.

    We also uphold a Business Continuity Management (BCM) program aligned with ISO 22301:2012, ensuring uninterrupted telecommunications services during crises through structured response and recovery plans, resource readiness, and simulation exercises.

    Disaster Management

    Smart Axiata is committed to disaster preparedness and resilience through proactive, responsive, and post-event measures. During a disaster, our crisis management and business recovery teams activate response procedures tailored to the severity and type of event, ensuring continuity of critical operations..

    PILLAR 4

    Driving Governance and Risk

    At Smart Axiata, we are committed to advancing governance and risk management to enhance business integrity and compliance. By implementing sophisticated practices and procedures, we ensure robust oversight and proactive risk mitigation. This dedication not only fortifies our operational resilience but also reinforces trust with stakeholders and aligns with industry best practices.

    Sustainable Development Goals
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    Digital Integrity

    As part of Smart Axiata's commitment to Digital Integrity, we strengthened third-party risk management, cybersecurity safeguards, and data privacy awareness in 2024.

    Achieved

    Data Privacy Maturity Level of 3.13

    based on KPMG assessment (December 2024).

    During the reporting period, there were

    zero substantiated complaints

    concerning breaches of customer privacy or loss of data, according to Smart Axiata's incident response team, data privacy email, and various customer service channels.

    Cybersecurity

    Smart Axiata continues to strengthen its cybersecurity and digital resilience posture under the Digital Trust and Resilience (DT&R) program.

    Cybersecurity Initiatives and Outcomes

    Smart Axiata benefits from Axiata Group's enhanced cybersecurity frameworks, including its successful recertification of the ISO 27001 standards and transition to ISO/IEC 27001:2022.

    Business Ethics & Governance

    We achieved

    100% completion rate

    for the annual Conflict of Interest and Code of Conduct declarations.

    273 internal processes

    assessed for bribery and corruption risks under the new company structure.

    We prioritize human rights in all our operations and business activities.

    There were zero substantiated complaints on human rights violations received through the Speak Up channel.

    Zero outstanding tax liabilities for FY2020 - FY2023 with the General Department of Taxation (GDT).

    Corporate Framework

    In 2024, we continued enhancing our business ethics and governance practices through the following: Establishing a new Disciplinary Committee, ensuring fair and consistent enforcement of the Employee Code of Conduct, policies and procedures. Completed the company-wide Statement of Risk Management and Internal Controls.

    Communication, Awareness and Capacity Building

    Successfully rolled out the 2024 Compliance Month and launched the “Let's Talk Compliance” internal talk show.

    Political and Regulatory Considerations

    Regulatory Alignment and Compliance Strategy

    To mitigate risks and leverage opportunities in a dynamic regulatory environment, Axiata Group has established a regulatory framework that is being implemented at the operational companies (OpCos) level, including Smart Axiata. Among the key measures included under this framework are:

    Regulatory Affairs as an Internal Consultant

    The regulatory team provides pre-launch compliance assessments for new products and services.

    Quarterly Compliance Reporting

    Updates on compliance status are reported to Axiata Group, Risk and Compliance Management Committee (RCMC), Board Risk and Compliance Committee (BRCC) and the Board.

    Escalation of any regulatory challenges faced by the business.

    Regulatory and Legal Conformity Assessments

    Smart Axiata has initiated Regulatory/Law Conformity Assessments to proactively identify potential compliance gaps and assist management in risk mitigation.