The progress of Saudi Basic Industries Corp (Sabic) in integrating sustainable practices into its global business operations was highlighted in a report recently released by the company.

The 2014 Sustainability Report, entitled ‘Foundation for the Future,’ outlines the latest information on the company’s progress on various dimensions of sustainability value creation.

It highlights the performance in integrating the environmental, social and economic dimensions of sustainability into the company’s core business approach.

Yousef Al-Benyan, acting vice-chairman and chief executive officer, said: “This is our fourth report. It reflects our ongoing journey toward achieving the highest level of performance possible in sustainability, which is fundamental to our business strategy.

“We are continually looking for new ways to integrate it into our business, allowing us to improve, grow, innovate and transform to achieve our goals.”

Commenting on what steps Sabic is taking to drive sustainable innovation, Al-Benyan said: “We have invested in relationships with multiple globally acclaimed universities and are expanding our internal innovation resources – both by building and expanding technology centres and by attracting and growing talented scientists.

“In addition, we have embedded sustainability assessments into our research and development process to grow our portfolio of more sustainable products.”

Atieh Abu Raqabah, general manager, Sabic Corporate Sustainability, said: “Sustainability is an endless journey for Sabic that brings improvement to the business and value to its stakeholders, as reflected in the 2014 report.

“Innovation, creating sustainability solutions, and engaging its stakeholders more completely in its sustainability journey remain high priorities for Sabic.”

Some of the topics covered in the report are sustainability governance, ethics and compliance process, how sustainability is creating economic value, Sabic’s approach to protecting natural capital, developing and protecting human capital, and building social and community relationships. - TradeArabia News Service