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SABIC Profits Jump 482% in H1 2021
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SABIC second-quarter profit jumps 57 percent as prices, volume increase
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Sabic reports key sustainability achievements in 2020
RIYADH, April 28, 2021 Sabic has secured important reductions relating to sustainability during 2020 in flaring emissions (56%), material loss intensity (46.3%), green-house gas intensity (15.5%) and energy intensity (10.5%) compared to 2010 baselines. Sabic also contributed over $33.4 million in monetary and in-kind donations to support the Covid-19 response, delivered across 212 activities and reaching more than 35 million people in five continents, the company said in its 2020 Sustainability Report Now in its 10th year and entitled ‘Thriving Responsibly’, the report outlines how the company’s actions are advancing the circular economy; addressing climate change; and embedding environmental, social and governance (ESG) principles into every aspect of the business.
Sabic Secures Major Sustainability Achievements In 2020
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SABIC has released its 2020 sustainability report, which reflects on the successes of its sustainability journey and the profound changes arising from a challenging yet remarkable year. Now in its 10th year and titled “Thriving Responsibly,” the report outlines how the company’s actions are advancing the circular economy, addressing climate change, and embedding environmental, social and governance (ESG) principles into every aspect of the business.
Centering ESG is an important piece of SABIC’s sustainability strategy and journey of transformation and this year, SABIC created a new ESG steering committee, led by SABIC’s CFO. By embedding ESG inclusively and holistically, SABIC can weigh ESG factors alongside financial considerations in its decisions.