Al Jazeera Steel Products Co. SAOG
Climate Impact & Sustainability Data (2016, 2023)
Reporting Period: 2016
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- installed a waste water treatment and a neutralization plant
Social Achievements
- 36% Omanisation
- sponsored events that support the promotion of various arts, cultural forums and sports
- Company has an own clinic with facilities to provide basic medical assistance to the employees
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- volatility of pricing
- sluggish demand in GCC
- trade actions in US
- Anti-Dumping investigation initiated by US petitioners on our pipe supplies to the US
- lower demand and increased competition in Tube Mill
- increased adoption of “futures” based steel trading by Chinese buyers
- increased input price appreciation in the second quarter and then a period of less price appreciation in late year
- volatile input prices
- sluggish demand and volatile input prices
- performance of the Turkish economy
Mitigation Strategies
- tight inventory control and market segment diversification
- tight inventory management and cost control measures at the respective mills
- diversify market segments, increased Merchant Bar sales and increased geographical footprint of our sales
- tight inventory management and cost control measures at the respective mills
- working with the government and GCC to defend against unfair competition
- improving mill utilizations, maintaining tight cost controls and increasing competitive products through diversification in GCC and other markets
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Human Resources and Omanization
- Health and Safety
- Corporate Social Responsibility
Social Achievements
- Omanization initiatives (details not quantified)
- Health and safety programs (details not quantified)
Governance Achievements
- Adoption of governance policies in compliance with Capital Market Authority (CMA) Code
- Establishment of Audit Committee and Nomination & Remuneration Committee
Climate Goals & Targets
Environmental Challenges
- Interval between two board meetings exceeded the stipulated period of 90 days (99 days between meetings 4 and 5).