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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