In our efforts to create a sustainable future, we recognize our impacts on diverse stakeholders. We commit to working with them globally.
STAKEHOLDER ENGAGEMENT: FOUR MAIN OBJECTIVES
Our four objectives in stakeholder engagement are to:
- Identify primary stakeholders
- Understand our effect
- Discover new ways to collaborate
- Establish best tools
Our leaders take responsibility for stakeholder engagement. Details of this our strategy and key stakeholders are in the technical supplement. The Engagement and Collaboration section has additional information.
In 2020, we continued to take steps to improve the visibility of our sustainability and ESG programs. Globally, SABIC maintains membership in a number of industry and trade associations, including 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 Economic Forum (WEF) and World Plastics Council. For sustainability engagement, we participate in multiple working groups within the World Business Council for Sustainable Development (WBCSD) and we are signatories to the UN Global Compact. Finally, we participate in sustainability performance platforms such as EcoVadis, and the CDP climate and supply chain programs.
We continue to evolve our stakeholder engagement strategy, and we solicit input on an ongoing basis from a cross-section of stakeholders with respect to our effectiveness at communicating our sustainability performance and impacts.