Equate Petrochemical Company, Kuwait’s first international joint-venture in the industry, has issued its first sustainability report as per the Guideline 4 (G4) set by the Global Reporting Initiative (GRI).

 

GRI is an international independent organisation that helps businesses, governments and other organisations understand and communicate the impact of business on critical sustainability issues such as climate change, human rights, corruption and many others.

 

Mohammad Husain, president and chief executive officer, Equate, said: “The title for our 2014 Sustainability Report of ‘Making the Impossible Possible’ is based on EQUATE setting a new world record in maintaining and updating petrochemical plants by finalising a full-scale Turnaround (TA) within 30 days. 

 

"With the participation of over 10,000 employees and contractors, EQUATE has realised the first of its kind international achievement by completing all operations within a record-time for petrochemical plants based on global standards. We have witnessed additional success in ‘Making the Impossible Possible’ with other world-class achievements, such as being the first company to realise a number unprecedented milestones locally, regionally and globally. 

 

"The achievements included establishing Sweater Cooling Towers, applying Highly Reliable Organization (HRO) principles, initiating Plant Water Recycling Project, executing Six Sigma programme, as well as obtaining Responsible Care accreditation and certification.”

 

“For Equate, sustainability is a core strategic objective. It is applicable to every aspect of the company, and not a mere term or expression. EQUATE realizes the importance of sustainability to ensure being ‘Partners in Success’ with all stakeholders who represent individuals, organisations and communities, such as employees, their families, customers, shareholders and members of societies," said Husain.

 

"In addition, sustainability is a key element in EQUATE’s overall value creation for the benefit of individuals, economic growth and environmental protection,” he added. - TradeArabia News Service