Climate Change Data

Red Sea International (RSI)

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:22.734 tonnes of CO2eq
Scope 1 Emissions:18.488 tonnes of CO2eq
Scope 2 Emissions:4,246 tonnes of CO2eq
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:292,046 GJ
Water Consumption:6,777 m3
Waste Generated:6,088 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Energy Management & Climate Change
  • Water Consumption & Management
  • Waste & Effluents
  • Biodiversity
  • Sustainable Products & Services
  • Employee Development
  • Community Wellbeing and Engagement
  • Diversity, Inclusion, Human Rights
  • Attracting & Retaining Talent
  • Health & Safety
  • Governance & Excellence
  • Economic Performance
  • Innovation & Digital transformation
  • Customer Experience
  • Sustainable Supply Chain

Environmental Achievements

  • 23% Reduction in total GHG emissions from 2020 to 2021
  • 25% reduction in energy consumption over the last year
  • 58% of total waste recycled
  • 12% of wastewater recycled
  • Zero major spills during 2021
  • Received the ‘2021 Green Flag Award’ for environmental performance from Neom

Social Achievements

  • 221 new employees joining the company
  • 48% of female employees holding senior positions
  • 21% nationalisation rate across our operations
  • 26 hours of HSE training per employee
  • Donated a 4-classroom school in Accra, Ghana

Governance Achievements

  • No fines or settlements received since 2013
  • Policies, procedures, systems, and controls in place to combat bribery, fraud, and other forms of corruption
  • Developed a new Commercial and Supply Chain group with responsibilities including integrating environmental or social considerations into the procurement processes

Climate Goals & Targets

Long-term Goals:
  • Use renewable energy sources
  • Make operations carbon neutral
  • Enhance emissions tracking and reporting for the full value chain
  • Use sustainable materials
Medium-term Goals:
  • Achieve 75% local content across our supply chain
Short-term Goals:
  • Complete 80% of the Audit Plan within the first 11 months of 2022
  • Establish an RSI Academy in 2022

Environmental Challenges

  • COVID-19-related restrictions and lockdowns throttled the supply chain
  • Water is limited and expensive to purchase in many project locations
  • Challenges related to water quality due to long-distance transportation
  • Revenue losses due to the COVID-19 pandemic
Mitigation Strategies
  • Implemented several steps to minimize environmental impacts of on-site construction in Neom, including optimizing transportation and ensuring proper waste sorting and recycling
  • Project increased spending on water and water quality testing
  • Implementing initiatives to decrease water consumption, including monitoring leaks, offering wastewater treatment plants to customers, and utilizing smart irrigation systems
  • Cost cutting, proper pricing of contracts, renewed focus on business development, and new policies that enhance financial discipline and controls

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Policies and practices to promote and select local suppliers
  • Supplier qualification process

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Transition to renewable energy

Reporting Standards

Frameworks Used: GRI, SASB, UN Sustainable Development Goals (SDGs), Saudi National Standards of Sustainability

Certifications: ISO 14001, ISO 9001, ISO 45001, ISO 22000

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Eco-friendly products using PVC ISO-certified composite panels and water-based coating

Awards & Recognition

  • ‘Green Flag Award 2021’ for environmental performance by NEOM