Saudi Basic Industries Corp 2021 AR2
The report highlights SABIC's robust financial and operational performance in 2021, achieving a net income of SAR 23 billion, driven by higher average selling prices and strong capital discipline. The company unveiled its Carbon Neutrality Roadmap, committing to achieve carbon neutrality across all operations under its control by 2050, with an interim target of a 20% reduction in greenhouse gas emissions by 2030. Additionally, SABIC successfully captured US$ 468 million in synergies with its major shareholder, Saudi Aramco, exceeding its annual target. The report also details the company's progress in the circular economy through its TRUCIRCLE initiative and its local content program, NUSANED, which generated significant economic impact and jobs in Saudi Arabia.
Company: Saudi Basic Industries Corp
Sector: Materials
Country: Saudi Arabia
Year: 2021
Type: AR2
Pages: 68
Saudi Basic Industries Corp
Annual Report
The report highlights SABIC's robust financial and operational performance in 2021, achieving a net income of SAR 23 billion, driven by higher average selling prices and strong capital discipline. The company unveiled its Carbon Neutrality Roadmap, committing to achieve carbon neutrality across all operations under its control by 2050, with an interim target of a 20% reduction in greenhouse gas emissions by 2030. Additionally, SABIC successfully captured US$ 468 million in synergies with its major shareholder, Saudi Aramco, exceeding its annual target. The report also details the company's progress in the circular economy through its TRUCIRCLE initiative and its local content program, NUSANED, which generated significant economic impact and jobs in Saudi Arabia.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Net Zero Target
Employees