Saudi Chemical Company Holding
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainability
- Environmental Protection
- Waste Reduction
- Noise Pollution Reduction
- Water Management
- Human Capital Development
- Digitalization
- Workplace Safety
- Risk Management
- Localization
- Saudi Vision 2030 Alignment
Environmental Achievements
- Reduced air pollutant emissions by adopting latest technologies
- Implemented measures to minimize hazardous spills
- Reduced noise pollution by following best standards
- Improved water management practices
- Reduced material waste and implemented safe disposal procedures
- Obtained environmental permits from the National Center for Environmental Compliance (SCCL)
Social Achievements
- Increased job opportunities in healthcare, pharmaceuticals, and explosives sectors
- Implemented training programs and scholarships for employee development
- Established partnerships to develop national human capital
- Distributed gift cards to employees during Ramadan
- Organized an Umrah trip for employees
- Participated in charitable initiatives (SINCO)
Governance Achievements
- Established a robust corporate governance framework
- Implemented the requirements of the Corporate Governance Regulations issued by the Capital Market Authority (with some exceptions noted in the report)
- Established Board committees (Executive, Audit, Nominations & Remuneration, Risk & Governance)
- Regular Board and committee meetings with high attendance rates
- Transparent communication with shareholders and investors
Climate Goals & Targets
Environmental Challenges
- Geopolitical risks impacting raw material sourcing and pricing
- Changes in legislation, regulations, and systems
- Fluctuations in commission rates
- Market risks (commission rate, foreign currency, price risks)
- Concentration of credit risk
- Liquidity risk
Mitigation Strategies
- Searching for alternative raw material sources
- Continuous monitoring and analysis of regulatory changes
- Implementing hedging plans to reduce commission rate risk
- Maintaining a diversified portfolio to mitigate credit risk
- Regular monitoring of liquidity and access to funding
- Monitoring outstanding balances and allowances for credit loss