Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable energy
• Community engagement
• Environmental stewardship
• Employee well-being
• Diversity and inclusion

Environmental Achievements

• Introduced 14 electric vehicles into the rental fleet in 2023

Social Achievements

• Sponsored 1,000+ orphans
• Received “Great Place to Work” award
• Increased female employment
• Offered over 30 training courses
• Renewed MOU with National Platform for Charitable Work (Ehsan)
• Renewed agreement with Charity Society for Orphan Care in Riyadh
• Joint cooperation agreement with Chaizer Power Solutions for charging stations
• Sponsored graduation celebrations at King Saud University and Princess Noura bint Abdul Rahman University
• Received Consumer Friend Certificate from the Consumer Protection Association
• Joint Cooperation agreement with the Ayat Endowment Foundation to sponsor the Young Readers Project

Governance Achievements

• Obtained ISO 9001, ISO 14001, and ISO 45001 certifications
• Implemented Robotic Process Automation (RPA), Artificial Intelligence (AI), and Employee Self-Service platforms

Climate Goals & Targets

Environmental Challenges

• Fleet availability
• Spare parts management
• Branch network expansion
• Interest rate fluctuations
• SIBOR impact
• Cost fluctuations (insurance, spare parts)
• Intense market competition
• Supply chain disruptions
• Seasonal factors
• Risks related to epidemics
• Risks related to the company’s reputation and the quality of services provided
• Risks related to the company’s selling of vehicles upon retirement
• Risks related to the opening of new car rental branches
• Risks related to credit card and Mada card payments
• Credit risk related to collecting receivables from the company's customers
• Risks related to adverse changes in interest rates
• Risks of reliance on senior management and key personnel
• Risks related to the failure to attract and retain qualified employees
• Risks related to reliance on information technology infrastructure
• Risks related to competition and market share of the company
• Risks related to consumer spending due to weak economic conditions
• Risks related to changes in energy prices

Mitigation Strategies

• Predictive analytics to anticipate peak periods
• Strategic partnerships with suppliers
• Proactive maintenance approach
• Close monitoring and adjusting financial strategies
• Continuous assessment of market conditions
• Flexible cost structure and negotiating contracts
• Efficient automated solutions
• Investment in technology
• Restructuring reservation department
• Improved online booking system
• Strategic marketing campaigns
• Valuable partnerships
• Focus on maintaining a modern and diverse fleet
• Network of dealerships and service centers
• Robust liquidity management
• Monitoring of relevant market variables
• Formal approval process with credit limits
• Continuous monitoring of credit exposure
• Provision against doubtful receivables
• Cash flow forecasting
• Bank facilities
• Investment in employee development and training
• Appropriate cyber security measures

Supply Chain Management

Responsible Procurement

• Long-lasting relationships with suppliers

Climate-Related Risks & Opportunities

Opportunities

• Adoption of electric vehicles

Reporting Standards

Frameworks Used: IFRS

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: Ernst & Young & Co

Sustainable Products & Innovation

• Electric vehicles

Awards & Recognition

• Great Place to Work Award
• Best Place to Work (Car Rental) Award
• Most Socially Responsible Car Rental Company Award
• Forbes Middle East Top 50 CSR Companies