SearchAbout This Report
SABIC is a publicly traded, global leader in diversified chemicals with its global headquarters in Riyadh, Saudi Arabia. We manufacture on a global scale and have five key geographies with innovation hubs in the United States, Europe, the Middle East, Southeast Asia, and Northeast Asia.
Ranked among the world’s largest petrochemicals manufacturers, 70% of the company’s shares are owned by Saudi Aramco, with the remaining 30% traded on the Saudi Stock Exchange. Since SABIC began in 1976, we have grown rapidly and globally, with operations today in more than 50 countries and a global workforce of more than 31,000 talented individuals. Our materials help our customers create solutions in key end markets – construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation, and clean energy – providing the building blocks for a better future through Chemistry that Matters ™.
REPORTING PERIOD, SCOPE AND BOUNDARIES
SABIC publishes an Annual Report, which targets the financial and investor audience, and this Sustainability Report, which targets a wide internal and external audience. Published on April 13, 2023, this report covers SABIC’s sustainability performance from January 1 to December 31, 2022. It includes all SABIC businesses and operations that are financially consolidated in our 2022 Annual Report, available at: https://www.sabic. com/en/reports/annual-2021.
Additional sustainability content, technical details and definitions are available in the Technical Supplement 2022 on our corporate sustainability web page: https://www.sabic.com/en/ sustainability.
We believe external assessments improve our sustainability reporting, and for the last ten years, we have used KPMG to increase our confidence in certain reported data. The limited assurance engagement includes absolute and intensity operational metrics: energy consumption, GHG emissions, freshwater usage, material loss, flaring reduction, and CO2 utilization, as well as selected corporate EHSS metrics, and compliance metrics, as noted in the KPMG assurance report and marked by “*” throughout the Report.
For compliance data, we have applied a more limited scope. Compliance data is reported for the 23,500 employees of SABIC and its wholly owned affiliates, but not for employees of SABIC’s non-wholly owned manufacturing joint ventures (or affiliates) in Saudi Arabia. The exception to this is the reporting boundary for Environmental Sustainability KPIs, which is current financial consolidation plus 3.5 SABIC affiliates – Kemya, Sharq, Yanpet and 50% of SAMAC – that were moved outside financial boundaries in 2020 (for further details on boundaries, please see the notes to the Performance Summary in this Report).
REPORTING FRAMEWORKS
REPORTING CRITERIA
The SABIC 2022 Sustainability Report was prepared in accordance with our internally developed reporting criteria.
OTHER REPORTING FRAMEWORKS
To guide the selection of report content and improve report quality, our internal reporting criteria refers to the GRI Standards. Our report has been prepared with reference to the GRI standards, and a GRI Content Index for this Report can be found on the SABIC sustainability website.
We also continue to be inspired by the International Integrated Reporting Framework to capture SABIC’s journey toward creating economic, natural, human, and social value in both the long and short term.
This Report serves as our official UN Global Compact (UNGC) Communication on Progress. An overview of how we are meeting our UNGC commitments is available on the SABIC sustainability website.