Riyadh Cables Group (RCGC)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:116,896 tCO2e/year
Scope 1 Emissions:36,828 tCO2e/year
Scope 2 Emissions:80,005 tCO2e/year
Scope 3 Emissions:62 tCO2e/year
ESG Focus Areas
- Climate Action
- Corporate Stewardship
- Inclusive Meritocracy
Environmental Achievements
- Adopted ISO 50001 for energy management
- Upgraded equipment to improve energy efficiency
- Implemented water recycling systems
- Established robust waste management framework including waste segregation and partnerships with certified waste management firms
- Deployed advanced emission control technologies
- Developed eco-friendly metal sheaths as an alternative to lead-based materials
- Reduced GHG emissions (Specific numbers not provided in easily extractable format)
Social Achievements
- Increased investment in community-focused initiatives by 25%
- Launched innovative training programs for employees and local communities
- Implemented employee long-term incentive plan
- Provided comprehensive medical insurance coverage and robust protocols for managing work-related injuries
- Offered various leave options including maternity and paternity leave
- Organized sporting events to encourage health and teamwork
- Conducted numerous training initiatives across multiple disciplines
Governance Achievements
- Reinforced corporate governance framework to ensure transparency, accountability, and ethical conduct
- Implemented a comprehensive Conflict of Interest Policy
- Trained 66 management-level employees in business ethics
- Established a robust risk management framework
- Implemented a rigorous Anti-Corruption Policy
- Established a structured grievance and appeals mechanism
Climate Goals & Targets
Medium-term Goals:
- Significant reductions in greenhouse gas emissions and energy consumption by the end of the decade
Environmental Challenges
- Reducing greenhouse gas emissions
- Transitioning to renewable energy
- Minimising waste
- Water treeing in cables due to soil salts
Mitigation Strategies
- Integrating energy-efficient technologies and processes
- Adopting renewable energy solutions
- Innovative recycling initiatives
- Developing materials and strategies to withstand harsh environmental conditions
Supply Chain Management
Responsible Procurement
- Vendor Approval Process based on technical, quality, and commercial requirements
- QHSE questionnaire
- On-site audits
Climate-Related Risks & Opportunities
Opportunities
- Opportunities in Clean Tech
Reporting Standards
Frameworks Used: GRI, SASB, Saudi Tadawul guidelines
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001
Sustainable Products & Innovation
- Eco-friendly metal sheaths
- Fully recyclable cables
- High-Temperature Low Sag (HTLS) conductors
- Low-smoke, zero-halogen cables