SABIC leads the way in ESG reporting and delivery in the Middle East

SABIC, a leading chemicals company based in Saudi Arabia, is implementing a strategy to achieve carbon neutrality by 2050, with an interim target of reducing Scope 1 and 2 emissions by 20% by 2030 compared to 2018. The company prioritizes climate and the circular economy, aiming to deliver 200 kilotons of renewable and recycled feedstock by 2025. To manage its ESG disclosures, SABIC established an ESG reporting steering committee and utilizes the World Economic Forum's Stakeholder Capitalism Metrics to align with emerging global standards. Despite challenges in acquiring reliable primary data for Scope 3 emissions, SABIC has been among the first global chemicals companies to report assured Scope 3 emissions since 2020. Additionally, the company has become the first in Saudi Arabia to publish its human rights programme online.

• SABIC has established a Carbon Neutrality Roadmap to reach carbon neutrality by 2050, utilizing five pathways: reliability, energy efficiency and improvements, renewable energy and electrification, carbon capture, and green/blue hydrogen. The company has set an interim target to reduce Scope 1 and 2 emissions by 20% by 2030, using 2018 as the baseline year.
• The company views circularity as a critical method for reducing emissions during the transition to a lower-carbon economy. SABIC aims to provide 200 kilotons of renewable and recycled feedstock by 2025 and has launched a certified circular polycarbonate made from post-consumer mixed plastic.
• SABIC faces significant difficulties in reporting Scope 3 emissions due to the challenge of obtaining reliable primary data from upstream and downstream sources, the latter being particularly complex due to the variety of product applications. Nevertheless, the company has reported assured Scope 3 emissions since 2020.
• To improve its ESG disclosure process and integrate sustainability reporting with its annual report, SABIC created an ESG reporting steering committee. This committee includes representatives from corporate sustainability, investor relations, human resources, and corporate affairs.
• SABIC identifies the lack of standardization in ESG reporting as a major challenge, specifically citing the complexity and uncertainty associated with the EU taxonomy. The company uses the World Economic Forum's Stakeholder Capitalism Metrics to align its reporting with the future International Sustainability Standards Board (ISSB) standards.
• In July 2022, SABIC became the first company in Saudi Arabia to publish its human rights programme online. Its human rights commitments are based on the UN Guiding Principles on Business and Human Rights, the UN Global Compact, and the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work.

APA

World Economic Forum (2022). SABIC leads the way in ESG reporting and delivery in the Middle East. https://www3.weforum.org/docs/WEF_SCM_SABIC_September_2022.pdf

Chicago

World Economic Forum. SABIC leads the way in ESG reporting and delivery in the Middle East. 2022. https://www3.weforum.org/docs/WEF_SCM_SABIC_September_2022.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=SABIC leads the way in ESG reporting and delivery in the Middle East |date=September 2022 |url=https://www3.weforum.org/docs/WEF_SCM_SABIC_September_2022.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2022sabic, author = {{World Economic Forum}}, title = {{SABIC leads the way in ESG reporting and delivery in the Middle East}}, institution = {World Economic Forum}, year = {2022}, month = sep, url = {https://www3.weforum.org/docs/WEF_SCM_SABIC_September_2022.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }