SABIC sets sustainability targets for 2017

Saudi Basic Industries Corporation (SABIC), one of the world's largest petrochemicals groups, said it has set out sustainability and efficiency targets for 2017.

The company’s priorities for 2017 include:

- Collaborating on advanced catalysis and new process technologies to drive feedstock diversification.  

- Investigating circular-economy opportunities within the business, such as developing advanced catalysis to reuse carbon dioxide as a feedstock for chemicals and intermediates.

- Maintaining a strong focus on four core key performance indicators: greenhouse-gas, energy, water, and material loss, assisted by efforts on flaring reduction and the expansion of solutions to utilize carbon dioxide.

- Collaborating with the World Plastics Council on creating global solutions for marine litter.

- Leveraging diverse workforce and provide continuous learning to the company’s human capital to ensure a healthy and robust talent pipeline.

- Capturing all supply-chain-sustainability initiatives across the businesses and establish the sustainability impact of each project using the newly developed Supply Chain Performance Management toolset.

- Expanding a number of national and international social responsibility initiatives.