OUR APPROACH AND PERFORMANCE
To develop CSR initiatives that achieve the maximum positive impact and support sustainable development at scale, we leverage a stakeholder driver strategy that directs internal and external collaboration, and identifies opportunities. The process assesses global mega-trends, including impacts from climate change, trends in urbanization and consumerism, and advances in economics and technology. Insights developed with stakeholders enable us to connect CSR initiatives with our 2025 strategy.
Guiding our overall CSR strategy is the RAISE program, which uses the following criteria to evaluate the potential positive impact of initiatives:
Does it raise SABIC’s overall visibility?
Does it address community needs and engage key stakeholders?
Does it include a novel approach or new technology?
Does it complement business interests and align with company values?
Does it promote a socially responsible culture and generate a lasting impact?
Investment in science and technology education helps expand the talent pipeline.
SABIC uses RAISE as a strategic tool to guide our signature global programs while recognizing the great diversity of our workforce and communities. Through RAISE, we have identified the following four priority focus areas:
- Science and Technology Education
- Environmental Protection
- Health and Wellness
- Water and Sustainable Agriculture
A well-defined regional-governance structure drives RAISE, which has been developed in alignment with Saudi Vision 2030 and the UN’s Sustainable Development Goals.
This year, we continued to leverage our economic performance, culture of sustainability, and passionate and compassionate workforce in each of these priority areas for the greater good.
THROUGH RAISE IN 2018
COMMUNITY GIVING IN 2018
TOTAL GIVING OVER PAST 17 YEARS