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ANNEXES
GRI CONTENT INDEX
Statement of use — SEDCO Holding has reported in accordance with the GRI Standards for the period 1 January 2024 to 31 December 2024.
GRI 1 used — GRI 1 : Foundation 2021
For the Content Index – Essentials Service, GRI Services reviewed that the GRI content index has been presented in a way consistent with the requirements for reporting in accordance with the GRI Standards, and that the information in the index is clearly presented and accessible to the stakeholders. The service was performed on the English version of the report.
| GRI STANDARD/OTHER SOURCE | DISCLOSURE | LOCATION | OMISSION | ||
| REQUIREMENT(S) OMITTED | REASON | EXPLANATION | |||
| General disclosures | |||||
| GRI 2: General disclosures 2021 | 2-1 Organizational details | Who we are | |||
| 2-2 Entities included in the organization’s sustainability reporting | About the report | ||||
| 2-3 Reporting period, frequency and contact point |
About the report | ||||
| 2-4 Restatements of information | About the report | ||||
| 2-5 External assurance | About the report | ||||
| 2-6 Activities, value chain and other business relationships |
Business model | n/a | |||
| 2-7 Employees | Our team Annexures: Human resource |
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| 2-8 Workers who are not employees | Omitted | Not applicable | All employees are classified as FTE. | ||
| 2-9 Governance structure and composition |
Our ethics: Governance framework | n/a | |||
| 2-10 Nomination and selection of the highest governance body |
Omitted | Confidentiality constraints | Nomination of the Board is conducted according to the Company’s CG Manual. However, as a family-owned organization, the manual is not made public. |
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| 2-11 Chair of the highest governance body |
Our ethics: Board of Directors Our ethics: Governance framework |
n/a | |||
| 2-12 Role of the highest governance body in overseeing the management of impacts |
Our ethics: Governance framework Our ethics: ESG governance |
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| 2-13 Delegation of responsibility for managing impacts |
Our ethics: Governance framework Our ethics: ESG governance |
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| 2-14 Role of the highest governance body in sustainability reporting | Chairman’s message and CEO’s statement Our ethics: Governance framework Our ethics: ESG governance |
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| 2-15 Conflicts of interest | Our ethics: Governance framework | ||||
| 2-16 Communication of critical concerns | Omitted | Information unavailable/incomplete | Communication of critical concerns occurs on a case-by-case basis.Systems dictated by the CG Manual are under development for disclosure. | ||
| 2-17 Collective knowledge of the highest governance body |
Our ethics: Governance framework Our ethics: Functioning of the board |
n/a | |||
| 2-18 Evaluation of the performance of the highest governance body |
Our ethics: Functioning of the board | ||||
| 2-19 Remuneration policies | Omitted | Confidentiality constraints | While dictated by a comprehensive HR policy, this information is bound by confidentiality. |
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| 2-20 Process to determine remuneration | Omitted | Confidentiality constraints | While dictated by a comprehensive HR policy, this information is bound by confidentiality. |
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| 2-21 Annual total compensation ratio | Omitted | Confidentiality constraints | While comprehensive HR policies are in place to define and dictate remuneration, analysis and disclosure of this information is still under review. |
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| 2-22 Statement on sustainable development strategy | Chairman's message and CEO's statement Our ESG framework |
n/a | |||
| 2-23 Policy commitments | Our ethics: Code of business conduct Our ESG framework |
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| 2-24 Embedding policy commitments | Our ethics: Governance framework Our ethics: ESG governance Our ethics: Code of business conduct |
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| 2-25 Processes to remediate negative impacts |
Omitted | Information unavailable/incomplete | While guided by long-standing values and a code of conduct; considering the Company's small footprint across the value-chain and level of ESG maturity, these systems and processes are still being developed. | ||
| 2-26 Mechanisms for seeking advice and raising concerns |
Our ethics: Code of business conduct Our ethics: Extending our responsible practices |
n/a | |||
| 2-27 Compliance with laws and regulations |
Our ethics: Code of business conduct | ||||
| 2-28 Membership associations | Omitted | Not applicable | SEDCO’s activities as a private investment holding company do not involve active participation in industry or advocacy associations. While SEDCO may hold limited memberships in certain business or professional groups, these are not material to the company’s business model, strategy, or stakeholder engagement, and therefore are not disclosed in detail under GRI 2-28. | ||
| 2-29 Approach to stakeholder engagement | Annexures: Communicating and Engaging with our Stakeholders | ||||
| 2-30 Collective bargaining agreements | Omitted | Not applicable | All employment contracts abide by the Labour Law applicable to the Kingdom of Saudi Arabia and implementing regulations issued by the Ministry of Human Resources and Social Development; which do not provide for collective agreements. Working conditions and terms of employment of employees are not influenced or determined based on other collective bargaining agreements. | ||
| Material topics | |||||
| GRI 3: Material topics 2021 | 3-1 Process to determine material topics | Social and Environmental Impact: Materiality | |||
| 3-2 List of material topics | Annexures: Material Topics | ||||
| Economic performance | |||||
| GRI 3: Material topics 2021 | 3-3 Management of material topics | Strategic direction | |||
| GRI 201: Economic Performance 2016 |
201-1 Direct economic value generated and distributed | Omitted | Confidentiality constraints | As a family-owned organization, financial information related to EVG&D is not disclosed publicly. | |
| 201-2 Financial implications and other risks and opportunities due to climate change | Omitted | Information unavailable/incomplete | As part of transition to a financial investor, the Company is re-assessing implications of risks and opportunities, and involvement/engagement with the investment portfolio. |
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| 201-3 Defined benefit plan obligations and other retirement plans | Omitted | Confidentiality constraints | As a family-owned organization, financial information is not disclosed publicly. |
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| 201-4 Financial assistance received from government |
Omitted | Confidentiality constraints | As a family-owned organization, financial information is not disclosed publicly. |
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| Indirect economic impacts | |||||
| GRI 3: Material topics 2021 | 3-3 Management of material topics | Our business model Investment impact |
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| GRI 203: Indirect Economic Impacts 2016 | 203-1 Infrastructure investments and services supported |
Investment impact | |||
| 203-2 Significant indirect economic impacts |
Investment impact | ||||
| Procurement practices | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Omitted | Information unavailable/incomplete | Considering the Company’s minimal engagement with the supply-chain and level of ESG maturity, procurement processes are being developed in line with the Company’s sustainable sourcing intentions, and disclosure metrics are being improved. | |
| GRI 204: Procurement Practices 2016 |
204-1 Proportion of spending on local suppliers |
Omitted | Information unavailable/incomplete | ||
| Energy | |||||
| GRI 3: Material topics 2021 | 3-3 Management of material topics | Social and Environmental Impact: Energy |
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| GRI 302: Energy 2016 | 302-1 Energy consumption within the organization |
Social and Environmental Impact: Energy |
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| Water and effluents | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Social and Environmental Impact: Water |
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| GRI 303: Water and Effluents 2018 |
303-3 Water withdrawal | Social and Environmental Impact: Water |
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| Emissions | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Social and Environmental Impact: Emissions |
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| GRI 305: Emissions 2016 | 305-1 Direct (Scope 1) GHG emissions | Omitted | Information unavailable/incomplete | Considering the Company's minimal environmental footprint, and ESG maturity at a nascent stage, measurement and reporting on emissions is still under development. | |
| Waste | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Social and Environmental Impact: Waste |
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| GRI 306: Waste 2020 | 306-1 Waste generation and significant waste-related impacts | Omitted | Not applicable | Considering the Company's minimal waste footprint, waste-generation and waste-related impacts are considered negligible/non-significant. |
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| 306-2 Management of significant waste-related impacts | Omitted | Not applicable | Considering the Company's minimal waste footprint, waste-generation and waste-related impacts are considered negligible/non-significant. |
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| 306-4 Waste diverted from disposal | Social and Environmental Impact: Waste |
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| Employment | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategic direction: Our team | |||
| GRI 401: Employment 2016 | 401-1 New employee hires and employee turnover |
Strategic direction: Our team Annexures: Human resource |
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| 401-3 Parental leave | Omitted | Information unavailable/incomplete | While organizational policies provide for parental leave, recording and disclosure of these metrics is under development. |
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| Occupational health and safety | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategic direction: Our team | |||
| GRI 403: Occupational Health and Safety 2018 | 403-1 Occupational health and safety management system | Omitted | Information unavailable/incomplete | While in compliance with labour laws and directives, the Company comes under the category of 'lowest-risk environment' since it is a commercial employer. As such, these systems, monitoring, and disclosures are under development, albeit at a lower priority. | |
| 403-6 Promotion of worker health | Strategic direction: Our team Social and Environmental Impact: Investing in our people |
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| Training and education | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategic direction: Our team | |||
| GRI 404: Training and Education 2016 | 404-1 Average hours of training per year per employee | Strategic direction: Our team | |||
| 404-2 Programs for upgrading employee skills and transition assistance programs | Strategic direction: Our team | ||||
| 404-3 Percentage of employees receiving regular performance and career development reviews | Annexures: Human resource | ||||
| Diversity and equal opportunity | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategic direction: Our team Our ethics: Code of business conduct |
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| GRI 405: Diversity and Equal Opportunity 2016 | 405-1 Diversity of governance bodies and employees | Strategic direction: Our team Annexures: Human resource |
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| 405-2 Ratio of basic salary and remuneration of women to men | Omitted | Confidentiality constraints | As a family-owned organization, financial information pertaining to remuneration is not disclosed publicly. | ||
| Non-discrimination | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategic direction: Our team Our ethics: Code of business conduct |
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| GRI 406: Non-discrimination 2016 | 406-1 Incidents of discrimination and corrective actions taken | Annexures: Human resource | |||
| Local communities | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Social and Environmental Impact: Empowering communities | |||
| GRI 413: Local Communities 2016 | 413-1 Operations with local community engagement, impact assessments, and development programs | Social and Environmental Impact: Empowering communities | |||