Singapore Technologies Engineering (ST Engineering) announced that it is the only company in Singapore to make it to Forbes’ list of The World’s Most Innovative Companies. It is ranked 87 out of 100 companies globally, with an Innovation Premium of 33.6%.
“We are honoured to be in this ranking, which shows that the market recognises the innovative culture of ST Engineering”, said Tan Pheng Hock, president & CEO of ST Engineering. “Over the past years, we have generated many successes that demonstrate how we bring engineering and technology together to create solutions that give our customers an edge in what they do, wherever they are.”
Several platforms within the Group foster an innovation culture, and draw out ideas from employees. These include annual innovation awards, idea awards and team excellence awards. A biennial THINKOUT session also taps the entrepreneurial and creative problem-solving skills of employees from across the business sectors and functions to generate new perspectives as well as insights to overcome challenges facing its customers.