EMSTEEL Building Materials PJSC 2022 AR2
The report details the financial and operational performance of Emirates Steel Arkan for the fiscal year 2022, marking its first full year as a merged entity. The company achieved a record revenue of AED 9.5 billion, representing a 10% increase year-on-year, and turned a pro-forma loss into a net profit of AED 510 million. Key sustainability milestones included signing the UAE Climate-Responsible Companies Pledge to support net-zero emissions by 2050 and recording 16 million safe man-hours with a record-low Lost Time Injury Frequency Rate of 0.05. Additionally, the group advanced its decarbonization efforts, utilizing clean energy sources and preparing for the launch of its sustainable ES600 rebar.
Company: EMSTEEL Building Materials PJSC
Sector: Manufacturing
Country: United Arab Emirates
Year: 2022
Type: AR2
Pages: 77
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EMSTEEL Building Materials PJSC
Annual Report
The report details the financial and operational performance of Emirates Steel Arkan for the fiscal year 2022, marking its first full year as a merged entity. The company achieved a record revenue of AED 9.5 billion, representing a 10% increase year-on-year, and turned a pro-forma loss into a net profit of AED 510 million. Key sustainability milestones included signing the UAE Climate-Responsible Companies Pledge to support net-zero emissions by 2050 and recording 16 million safe man-hours with a record-low Lost Time Injury Frequency Rate of 0.05. Additionally, the group advanced its decarbonization efforts, utilizing clean energy sources and preparing for the launch of its sustainable ES600 rebar.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Net Zero Target
Employees