Borouge PLC 2023 AR2
The report highlights Borouge's resilient operational and financial performance in 2023, achieving a net profit of $1.0 billion and an industry-leading EBITDA margin of 38% despite challenging market conditions. The company successfully implemented its Value Enhancement Programme, which delivered a positive EBITDA impact of $607 million, significantly outperforming its initial targets. Borouge achieved record-high production and sales volumes of 5.1 million tonnes, supported by high asset utilization rates. Additionally, the company made significant progress on the Borouge 4 expansion project, which surpassed the 50% completion milestone, and committed to achieving net-zero emissions in its operations by 2045.
Company: Borouge PLC
Sector: Manufacturing
Country: United Arab Emirates
Year: 2023
Type: AR2
Pages: 93
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Borouge PLC
Annual Report
The report highlights Borouge's resilient operational and financial performance in 2023, achieving a net profit of $1.0 billion and an industry-leading EBITDA margin of 38% despite challenging market conditions. The company successfully implemented its Value Enhancement Programme, which delivered a positive EBITDA impact of $607 million, significantly outperforming its initial targets. Borouge achieved record-high production and sales volumes of 5.1 million tonnes, supported by high asset utilization rates. Additionally, the company made significant progress on the Borouge 4 expansion project, which surpassed the 50% completion milestone, and committed to achieving net-zero emissions in its operations by 2045.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women in Management
Workplace Fatalities
Net Zero Target
Employees