Al Kathiri Holding Company
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Sustainability
- Social Initiatives
- Environmental Protection
- Employee Development
- Vision 2030 Alignment
Environmental Achievements
- Adopting new technologies to reduce CO₂ emissions
- Developing traditional technologies into modern and up-to-date technologies to reduce pollution
Social Achievements
- Inauguration of Alian building methods plant in Sudair City
- Completion of a ready-mix concrete production plant in the Narges View project
- Conversion of Alian Industry Company to a closed joint-stock company to increase investment opportunities
- Expansion of Msandh Al-Emdad Limited Company into information technology, real estate, mining, and transportation
- Providing additional job opportunities and training Saudi engineering cadres
Governance Achievements
- Conversion of Alian Industry Company from a limited liability company to a closed joint-stock company
- Issuance of a local Sharia-compliant Sukuk program with a value of 500 million Saudi riyals
Climate Goals & Targets
Long-term Goals:
- To become the leading company in the Kingdom of Saudi Arabia in the field of supplying building materials with innovative solutions, and to contribute to supplying the Saudi market with high-quality products for a sustainable future.
Environmental Challenges
- Challenges faced due to the Corona Virus (Covid-19) pandemic
- Difficulties in operating the 3D concrete panels production factory due to the Coronavirus pandemic
Mitigation Strategies
- Developing plans and proactive measures to reduce negative effects of the pandemic
- Implementing measures to overcome obstacles caused by the pandemic
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Corporate Governance Regulations (Capital Market Authority)
Third-party Assurance: Al Kharashi & Co. Certified Accountants and Auditors
Sustainable Products & Innovation
- 3D concrete panels
Awards & Recognition
- SASO Quality Mark