Climate Change Data

Oriental Weavers Carpets Company (S.A.E)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:11,500-ton CO2eq/year (OWC, Scope 1 & 2)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:To be included in 2025
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:3,000 tons/year (approximately)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Sustainability
  • Environmental Responsibility
  • Social Impact
  • Governance

Environmental Achievements

  • 9K MWh total energy saved in 2023
  • 3K tons reduction in carbon emissions in 2023
  • USD 3 million invested across energy-saving projects in 2023
  • 10k m3 decrease in water consumption in 2023
  • 22k m3 of water recycled in 2023
  • Received the Green Collection Award at the Domotex exhibition in Hanover, Germany

Social Achievements

  • Sponsored the “Top 100 students” program, supporting 4000 students per year
  • Granted 15 student internships in 2023
  • Allocated 50% of Mohamed Farid Khamis Specialized Hospital’s revenues to charitable causes, aiding 210 patients
  • Partnered with Hayah Karima and Tahya Misr initiatives for community support
  • Provided 53k HSE training hours to personnel in 2023
  • Employee turnover of 4.2%

Governance Achievements

  • Implemented a comprehensive compliance program including code of conduct and employee awareness campaigns
  • Established a transparent whistleblowing mechanism
  • Active Investor Relations department maintaining transparency and accessibility of information

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Invest in solar power stations with capacities up to 20 MW in the next 5 years
  • Fully transition to Ferron R410 air conditioning variant over the next five years (EFCO)
Short-term Goals:
  • Reduce greenhouse gas and carbon emissions by 30% by 2025
  • Reduce water consumption by 20% by 2025
  • Plant 556k trees by 2025

Environmental Challenges

  • Geopolitical conflicts, economic fluctuations, and inflation
  • Overstocking in the Saudi market and new import regulations causing shipment delays
  • Slowdown in the US market due to decreased consumer spending and inflation in the first half of 2023
  • Marginal volume decline in the woven segment in Egypt despite revenue increase
Mitigation Strategies
  • Strategic price optimizations and expansion of global presence
  • Strategic pricing measures to mitigate volume drops
  • Expanded client base and favorable currency devaluation
  • Optimized raw material costs and improved margins
  • Cost rationalization and operational re-engineering

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Using recycled materials
  • Prohibition of hazardous materials (EFCO)

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs)

Certifications: ISO 14001, ISO 50001, GRS, OEKO-TEX Standard 100 (EFCO), Control Union (EFCO), ISO 45001 (EFCO), ISO 9001 (MAC), ISO 14001 (MAC), ISO 50001 (MAC), BRC GLOBAL (MAC), ZDHC (MAC), UNIDO Chemical Leasing Award (MAC)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 6 (Clean Water and Sanitation)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 4 (Quality Education)

Various initiatives contribute to these goals through energy efficiency, water conservation, waste reduction, tree planting, and educational programs.

Sustainable Products & Innovation

  • Eco-friendly machine-woven collection made with recycled polyester yarn and cotton fibers
  • Artificial grass and turf products (MAC)
  • Recycled polyester in EFCO products

Awards & Recognition

  • Outstanding Performance Award by Nitori (Japan)
  • Best Producer of Hotel Carpets & Rugs by Lux Hospitality Awards
  • Green Collection Award at Domotex Hannover, Germany
  • Sustainable Textile Production “STeP” certificate (EFCO)