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An integral aspect of our sustainability strategy is staying connected with our stakeholders to ensure we create sustainable and impactful value for all our stakeholders. We have identified our primary stakeholders as our employees, suppliers, customers, shareholders, community members, and civil society and have in place formal and transparent mechanisms of engagement with each group.
Guided by the functional and business expertise across the company, the SABIC leadership team handles overall stakeholder engagement. By identifying each group’s priorities and expectations through soliciting feedback at varying intervals, we attempt to balance these occasionally conflicting expectations with SABIC’s purpose of sustainable value creation.
We engage with our stakeholders to educate, raise awareness, and improve overall industry standards. Over the past years, we have worked with leading global corporates and international bodies to develop innovative new solutions that drive industry sustainability. This year, we continued our COVID-19 initiatives under our CSR strategy and spotlighted mental health in the workplace particularly in the wake of the distressing pandemic.
ONGOING COLLABORATIONS IN 2022
SUSTAINABILITY ENGAGEMENTS
– Low Carbon-Emitting Technologies Initiative
– The Saudi Green Initiative
– The Future Investment Initiative
– The Alliance to End Plastic Waste
– Values 20
– World Economic Forum
– The HolyGrail 2.0 Initiative
– Pearl Initiative
– BASF
– Saudi Ministry of Energy Circular Carbon Economy National Program
– Working groups within the World Business Council for Sustainable Development
– UN Global Compact
– International Sustainability Standards Board
– King Abdullah University of Science and Technology
– University of Bradford, United Kingdom
SUSTAINABILITY PERFORMANCE PLATFORMS
– EcoVadis
– Ethisphere Institute
– CDP climate and supply chain programs
– Top Employer
MEMBERSHIP IN INDUSTRY AND TRADE ASSOCIATIONS
– The Gulf Petrochemicals and Chemicals Association (GPCA)
– The International Council of Chemical Associations (ICCA)
– The American Chemistry Council (ACC)
– Plastics Europe, the European Chemical Industry Council (CEFIC)
– World Plastics Council
SABIC GOVERNMENT COMMUNICATIONS AND ADVOCACY
Every day, government officials make decisions that can impact SABIC’s operations, and it is important that they understand who we are, the importance of our products to modern society, and our contribution to the communities in which we operate and live. Responsible engagement between the private sector and political stakeholders is an important part of effective policymaking. We employ many scientists and other experts, and governments, international organizations, non-governmental organizations (NGOs), industry associations and wider society often ask us to share our views.
In doing so, we are committed to complying with all applicable laws and regulations of the countries in which we operate. Our activities relating to governments and other authorities meet legitimate business objectives and serve the interests of SABIC and our stakeholders.