SearchMATERIALITY
SABIC uses materiality analysis to determine our holistic sustainability strategy and target our resources toward the issues that are most pertinent for our Company and stakeholders.
Continuing the materiality approach that we adopted in 2018, we analyze our internal and external stakeholder needs, major trends, benchmarks, and relative business impacts to determine the most relevant priorities for SABIC. Taking into consideration all three dimensions of sustainability – economic, social, and environmental – our materiality results reflect the importance of climate change and validates our focus on this global challenge.
We analyzed our internal and external stakeholder needs, major trends, benchmarks, and relative business impacts to determine the most relevant priorities for SABIC.
Resource Efficiency
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Energy intensity GJ/MT sales | 25% reduction by 2025 | 2010 | 2025 | |
| Material Loss intensity MT Material loss/MT sales | 50% reduction by 2025 | 2010 | 2025 | |
| Absolute Waste Reduction | % gap to below 2010 by 2025 | 2010 | 2025 | |
| Flaring | 65% reduction | 2010 | 2025 | |
| Water Intensity m3/MT sales | 25% reduction | 2010 | 2025 |
Climate
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Green House Gas Intensity MTCO2e/MT sales | 25% reduction by 2025 | 2010 | 2025 | |
| Renewable energy | 4 GW Installed Capacity (12 GW by 2030) | 2025 |
Circular Economy
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Sales materials in kton | 200 kton circular (Renewable and Recycle) materials | 2025 |
EHSS/Product Stewardship
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Fatalities | Zero | Yearly |
Governance & Integrity
| Dimensions |
|
Target | Base year | Target year |
|---|---|---|---|---|
| Employee integrity assessment score | 50% improvement against benchmark | 2010 | 2026 |