Saudi Basic Industries Corp 2022 AR2
The report details SABIC's financial and sustainability performance for the fiscal year 2022. Despite a challenging macroeconomic environment, the company achieved record revenues of SAR 198.5 billion, representing a 13% increase compared to 2021. SABIC advanced its commitment to carbon neutrality by 2050, establishing site-specific roadmaps to target an interim 20% reduction in absolute emissions by 2030. Key operational milestones included the commercial startup of the Gulf Coast Growth Ventures facility in the US and the launch of the BLUEHERO initiative to accelerate the transition to electric vehicles. Additionally, the company consolidated its agri-nutrients assets into the SABIC Agri-Nutrients Company to drive sustainable growth.
Company: Saudi Basic Industries Corp
Sector: Materials
Country: Saudi Arabia
Year: 2022
Type: AR2
Pages: 69
Saudi Basic Industries Corp
Annual Report
The report details SABIC's financial and sustainability performance for the fiscal year 2022. Despite a challenging macroeconomic environment, the company achieved record revenues of SAR 198.5 billion, representing a 13% increase compared to 2021. SABIC advanced its commitment to carbon neutrality by 2050, establishing site-specific roadmaps to target an interim 20% reduction in absolute emissions by 2030. Key operational milestones included the commercial startup of the Gulf Coast Growth Ventures facility in the US and the launch of the BLUEHERO initiative to accelerate the transition to electric vehicles. Additionally, the company consolidated its agri-nutrients assets into the SABIC Agri-Nutrients Company to drive sustainable growth.
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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
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Net Zero Target
Employees