SearchSABIC uses a materiality analysis to set our holistic sustainability strategy and target our resources to the most pressing issues for our company and stakeholders. We refreshed our materiality approach in 2018, and that strategy continues to guide our priorities.
Our materiality results reflect the increasing importance of climate change, which validates our deepening focus on this global challenge. In 2020, COVID-19 suddenly became an important issue to our business and stakeholders, and SABIC responded swiftly by contributing products and solutions. Outside of our COVID-19 response in 2020, our most significant developments on our step-change targets related to circularity and climate change, including our work to develop science-based climate goals.
STEP-CHANGE TARGETS
Resource Efficiency
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Energy intensity GJ/MT sales | 25% reduction by 2025 | 2010 | 2025 | |
| Material Loss intensity MT Material loss/MT sales | 50% reduction by 2025 | 2010 | 2025 | |
| Absolute Waste Reduction | % gap to below 2010 by 2025 | 2010 | 2025 | |
| Flaring | 65% reduction | 2010 | 2025 | |
| Water Intensity m3/MT sales | 25% reduction | 2010 | 2025 |
Climate
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Green House Gas Intensity MTCO2/MT sales | 25% reduction by 2025 | 2010 | 2025 | |
| Renewable energy | 4 GW Installed Capacity (12 GW by 2030) | 2025 |
Circular Economy
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Sales materials in kton | 200 kton circular (Renewable and Recycle) materials | 2025 |
EHSS/Product Stewardship
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Fatalities | Zero | Yearly |
Governance & Integrity
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Employee integrity assessment score | 50% improvement against benchmark | 2010 | 2026 |