Monday, February 17, 2020


About Sabic
SABIC is a publicly traded global leader in diversified chemicals with a Global Headquarters in Riyadh, Saudi Arabia. We manufacture on a global scale and have five key geographies with innovation hubs in the United States, Europe, the Middle East, Southeast Asia, and Northeast Asia. We are ranked among the world’s largest chemicals manufacturers.

Seventy percent of the company’s shares are owned by the Saudi government, with the remaining 30 percent traded on the Saudi stock exchange. Since SABIC began in 1976, we have grown rapidly and globally, with operations today in more than 50 countries and a global workforce of over 33,000 talented individuals
Sustainability helps us to understand and adapt to long-term trends and expectations in society, impacting our financial performance by the introduction of efficiencies that reduce operating costs and innovative sustainability product solutions that help to grow the bottom line. SABIC’s sustainability strategy is executed through a target-oriented approach, and supported by a comprehensive internal-governance structure.

It is critical to have strong collaboration with internal and external stakeholders, including our customers, in order to understand their evolving needs, and translate their challenges into opportunities.

Since 2009, our sustainability program has helped us to consistently improve our operational performance, to identify challenges that are becoming more transformational, and to foster a collaborative approach that is necessary to accelerate positive change.

To maximize value, our efforts and reporting focus strongly on the top five materiality topics. Over time, changing global markets and mega-trends in the wider society can require updates to our material priorities.

Our materiality process, which determines strategic priorities, was refreshed in 2018, resulting in six core priorities and nine new areas to drive business progress. Focusing on these areas will help us to drive performance and transform our company to thrive in tomorrow’s world.

As a company that manufactures materials, our strategy includes a desire to keep carbon within the materials value chain, and we are taking leading action on chemical recycling, an important circular economy opportunity. In addition, building on our “solution space” of products, many of which lead to carbon-emission savings throughout their life cycles, will help to enable a sustainable world while satisfying customers and increasing profitability.

Climate change action impacts our process operations, with a focus on carbon dioxide emissions, energy intensity, and renewable energy. The continued drive towards resource efficiency and health and safety will decrease costs in our operations. And governance and integrity will create maximum long-term value for stakeholders.

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