National Environmental Recycling Company (Tadweeer)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Received 22,043 air conditioners for recycling within the "Istibdal" initiative.
- Recycled 551,944 meters of copper cables from the PrimeGate Company project.
- Increased production line capacity by 650%, from 40,000 tons/year to 300,000 tons/year.
Social Achievements
- Cooperative training programs established with universities and educational institutions.
- Participation in government events like the Saudi Industrial Development Fund's "Hackathon".
Governance Achievements
- Established a new organizational structure approved by the Board of Directors.
- Updated information in the "Abiding with the Corporate Governance Regulations" paragraph.
- Updated rights and compensation of board members and senior executives.
Climate Goals & Targets
Short-term Goals:
- Increase production capacity to 400,000 tons by mid-2025.
Environmental Challenges
- Liquidity risks
- Credit risks
- Risks related to projects under development
- Risks related to laws and regulations
- Risks related to buying and selling
Mitigation Strategies
- Ensuring bank facilities and advance payments for sales.
- Dealing with reputable banks and setting credit limits for customers.
- Coordination between departments to manage project risks and regulatory changes.
- Employing best human competencies and latest technologies to avoid losses in buying and selling.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: International Accounting Standards
Certifications: ISO9001, ISO14001, ISO45001
Third-party Assurance: Baker Tilly International