Materiality: We will advance each materiality priority, developing step-change goals, data-collection, and tracking. The priorities will inform our strategies, and each region will adapt.
Circular Economy: SABIC has embraced the TRUCIRCLETM initiative, encompassing our circular materials and technologies. We will increase circular and certified products processed in Europe to 200 kilotons by 2025. We will set a global target next year for 2030. SABIC is enabling the Saudi government to fulfill the waste-management objectives of Saudi Vision 2030. Strategic alignments with Saudi Investment Recycling Company will create new opportunities in waste management.
Climate: As our Saudi affiliates meet the goals of the Saudi Energy Efficiency Program, we invest in breakthrough technologies, including integrated cogeneration, and digitalization.
SDGs: After selecting the 10 most relevant SDGs, we uncovered 20 opportunities with the greatest potential. The opportunities have been clustered into four themes.
INNOVATIVE SOLUTION DESIGN
Embed sustainability in product and process innovation.
Incorporate climate resilience across our operations.
Reduce resilience on the linear increase in resources demand for our economic growth.
Foster the vital multi-stakeholder partnerships to advance the SDSs.
SABIC will communicate regularly and transparently on the progress we make on these themes.