Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environmental standards
• Circular economy
• Emissions reduction
• Recycling
• Green supply chains
• Human capital
• Social responsibility

Environmental Achievements

• Reduced natural gas consumption by 10% (with expectation to reach 20% in Q1 2023)
• Initiatives to convert industrial wastewater treatment waste into products (circular economy)
• Rehabilitating and developing the industrial sewage treatment plant and automating its procedures
• Obtained ISO-14001 (Environmental Management System Management Certificate)

Social Achievements

• Attracting and training Saudi cadres, especially women
• Efforts to replace the Saudi workforce in various departments
• Implemented SAP program for human resources (Success Factor)
• Provided training programs for employees
• Study of the local market and competitive market to determine appropriate salary scale and job grades

Governance Achievements

• Applied corporate governance regulations issued by the Capital Market Authority
• Self-assessment of BOD performance
• Evaluation of all committees and their performance by the Nominations Committee
• Restructured the Legal Affairs Department with Saudi cadres

Climate Goals & Targets

Environmental Challenges

• Fluctuation in raw material prices
• Supply chain disruptions
• Competition from regional companies
• Control over product quality due to high sales and production rates
• Maintaining international standards in production processes
• Competition in the used paper market
• Limited suppliers for some raw materials
• Scarcity of cadres in the paper industry sector
• High fluctuation in foreign currency exchange rates
• High loan costs and interest rates
• Customers' inability to fulfill obligations
• Global supply chain crisis

Mitigation Strategies

• Building a large strategic stock of raw materials
• Restructuring sales team and attracting Saudi cadres
• Improving product specifications and quality
• Applying international financial reporting standards
• Renewing all bank facilities
• Managing cash flows
• Reducing long-term bank loans
• Developing automation of financial reports
• Restructuring credit management
• Using governmental platforms for guarantees
• Updating product costs
• Investing in automation of machines
• Developing internal systems and regulations
• Strengthening internal control systems
• Enhancing employee loyalty
• Raising efficiency and productivity

Supply Chain Management

Responsible Procurement

• Expanding long-term partnerships with suppliers
• Updating mechanisms for evaluating and developing local suppliers

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• City brand (eco-friendly, recycled materials)