Gulf Cables & Electrical Industries Group Co. (K.S.C.P.)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental Responsibility
- Social Impact
- Governance Excellence
Environmental Achievements
- Progressed in reducing pollution and energy consumption by investing in alternative options.
- Reduced energy in lighting used in the factory by 57% by replacing the lighting across a 2-year plan.
- Implementing ISO 50001 Energy Management System to monitor and reduce energy consumption and greenhouse gas emissions.
Social Achievements
- Achieved 97.3% retention rate during the year and a turnover rate of 2.7%.
- Conducted a total of 2850 hours of safety-related training (2280 monthly awareness training & 570 of firefighting training).
- Reduced accident rates in the Company from 1.49 to 0.71 accidents by implementing efficient safety protocols.
- Supported 24 Kuwait University students’ graduation projects worth 6,000 KWD, and Gulf Cable engineers supported them in their projects.
Governance Achievements
- Maintained a strong focus on board independence, diversity, and integrity in governance practices.
Climate Goals & Targets
Long-term Goals:
- Achieving Carbon Neutrality by 2035
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI (Sustainable Reporting)
Certifications: ISO 9001, ISO 14001, OHSAS 18001/ISO 45001
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 5
- SDG 7
- SDG 8
- SDG 9
- SDG 10
- SDG 11
- SDG 12
- SDG 13
- SDG 15
- SDG 16
The report details how various initiatives contribute to these goals.