KHALID HASHIM AL-DABBAGH
SABIC is part of an essential industry that supplies vital products which are pervasive in every aspect of modern living. The rapid global changes last year brought a reappraisal of plastics in modern society, particularly those that are single-use by design.
The world can no longer ignore the impact of climate change. This requires us all reimagining every aspect of our value chain and collaborating with all stakeholders to build a sustainable circular economy that reduces waste and impact to our environment.
SABIC is part of an essential industry that supplies vital products which are pervasive in every aspect of modern living. The rapid global changes last year brought a reappraisal of plastics in modern society, particularly those that are single-use by design. The healthcare sector relies on these vital materials and their unique properties to reduce contamination risks. The Company also demonstrated remarkable determination to protect its people and ensure the continuity of operations in the delivery of critical materials to combat the pandemic.
Recognition and rediscovery of the value of polymers is welcome, but even in a pandemic, there is no time to pause our pursuit of a sustainable future in order to realize financial and non-financial value to all our staekholders.
We scaled up the TRUCIRCLETM portfolio – an initiative that encompasses circular materials and technologies. As a result, SABIC became the world’s first petrochemical company to scale up the high-quality processes for the chemical recycling of used mixed plastics back to the original polymer for commercial application.
In 2020, SABIC also actively participated in discussions on industrial sustainability and the development of a circular economy as part of the G20 summit hosted by the Kingdom of Saudi Arabia. Both of these initiatives are important for SABIC and are closely aligned with the Kingdom’s 2030 Vision.
Collaboration is a key pillar of the Company’s corporate citizenship strategy. To this end, the Company invested approx. $40 million in various Corporate Social Responsibility programs across 34 countries. SABIC supports the urgent call to action of the global partnership to achieve 17 Sustainable Development Goals (SDGs) for a better world. The SDGs provide us a solution-centric blueprint to tackle global challenges that are within our reach.
We will continue to integrate sustainability deeply into our business, creating greater value for our Company, society, and the planet. I would like to extend my sincere thanks to the SABIC board members, leadership team, and employees for enabling us to create new opportunities towards developing a more sustainable world; delivering Chemistry that MattersTM.