The sustainability framework below functions as a high-level ESG Strategy that defines ESG priorities and provides strategic direction for targeted activities. Our approach is inspired and aligned with Saudi Vision 2030 and the United Nations Sustainable Development Goals (SDGs).
Guidelines for employee volunteering through the Badir program, environmental guidelines that inform the Bea’ty program, and other organizational policies and processes, outlined in the Corporate Governance Report on page 62, create a comprehensive policy foundation for the framework.
Environmental Pillar
Promoting environmental sustainability within our operations
Climate, Energy, and Water:
Reducing emissions, and minimizing water and energy consumption.
Circularity:
Sustainable sourcing and waste management.
Social Pillar
Empowering our people and communities to succeed.
Human capital development:
Creating a safe work environment and investing in our people.
Community empowerment:
Responding to community needs through social programs.
Governance Pillar
Upholding robust governance practices aligned with our core values.
Transparency and disclosure:
Enhancing corporate disclosure and engagement with stakeholders.
SUSTAINABLE INVESTMENT:
Practicing responsible investment, incorporating ESG-informed criteria, with a focus on impact and long-term value-creation.
CORPORATE GOVERNANCE FRAMEWORK
Our drive to improve the structure of rules, practices, and processes used to direct and manage the Company
Driving Vision 2030 with a Global Focus
Vision 2030:
Ambitious Nation
Whilst driving enhanced focus on ESG across our portfolio companies, our social and volunteering programs such as Badir, and supported foundations, such as SBMF, are delivering on our social responsibility and growing the non-profit sector.
Deepening environmental sustainability efforts, with programs such as Bea’ty, and maintaining environmental responsibility.
Volunteering programs with civic engagement, such as Badir, SEDCO’s Journey of Giving, and projects from SBMF, are reinforcing a shared sense of purpose.
Vision 2030:
Vibrant Society
Focused investments in hospitality, tourism, education and healthcare sectors are improving access and quality of services. Within SEDCO, our efforts to uphold health and wellbeing of employees, initiatives to promote environmental sustainability, and actions to increase transparency, are contributing to a vibrant society.
Prioritizing physical, psychological, and social well-being; with stand-out programs, such as Unbod, which contribute to employee wellbeing.
We continue to invest in the Education sector, while also pioneering inclusive and innovative learning opportunities through Riyali and Rowad.
Vision 2030:
Thriving Economy
Our investments support diversification of the economy, help grow and localize key sectors, bolster local companies, and develop economic ties and partnerships. Our award-winning initiatives such as Riyali and Rowad empower youth, help nurture entrepreneurs and SMEs. Within SEDCO, we are developing capabilities of the Kingdom’s human capital and working to increase diversity
Creating an environment that supports economic growth and job creation for all Saudis, including through investments in innovative industries and local infrastructure.
Through adoption of Shariah principles and continual improvement of ethical business practices, we are building a transparent, accountable, and responsive institution