Saudi Reinsurance Co 2020 SR
The report marks Saudi Re's inaugural sustainability disclosure, detailing its ESG strategy aligned with Saudi Vision 2030 and GRI Standards. In 2020, the company achieved a 71% nationalization rate, reaching the platinum category in Netaqat, and increased female representation to 30% of the workforce. Environmental highlights include a 23% reduction in total energy consumption and a 10% decrease in GHG emissions. The company also strengthened its governance by implementing the SAMA Cybersecurity Framework and maintaining strong credit ratings. This report establishes a foundation for embedding sustainability into its reinsurance business model and operations.
Company: Saudi Reinsurance Co
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2020
Type: SR
Pages: 33
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Saudi Reinsurance Co
Sustainability Report
The report marks Saudi Re's inaugural sustainability disclosure, detailing its ESG strategy aligned with Saudi Vision 2030 and GRI Standards. In 2020, the company achieved a 71% nationalization rate, reaching the platinum category in Netaqat, and increased female representation to 30% of the workforce. Environmental highlights include a 23% reduction in total energy consumption and a 10% decrease in GHG emissions. The company also strengthened its governance by implementing the SAMA Cybersecurity Framework and maintaining strong credit ratings. This report establishes a foundation for embedding sustainability into its reinsurance business model and operations.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Total Waste
Workplace Fatalities
Employees