Climate Change Data

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.