IN a world increasingly focused on sustainability, SABIC, a global leader in diversified chemicals, is setting a high standard for corporate responsibility.
With a commitment to pioneering eco-friendly solutions, the company has implemented a wide array of initiatives aimed at enhancing its sustainability performance.
From advanced recycling technologies to low-carbon ammonia production, SABIC is determined to lead the charge towards a greener future.
The company not only aims to reduce its environmental footprint but also seeks to empower its customers and communities by providing sustainable alternatives across a variety of sectors.
Since 2020, SABIC has embraced a comprehensive methodology developed by the World Business Council for Sustainable Development (WBCSD) to conduct sustainability assessments across its product portfolio.
This approach reflects a deep understanding that sustainability is not merely an add-on to business practices but rather an essential component of the company's overall strategy.
In 2023, this effort expanded significantly, with 63 per cent of the company's total revenue now assessed up from 48 per cent in 2022.
This rigorous evaluation process not only drives internal improvements but also ensures that customers receive sustainably sourced products that meet the growing demand for environmental responsibility.
The company’s commitment to innovation is further illustrated by its impressive output of patent applications.
In 2023 alone, SABIC filed 224 patent applications, 40 per cent of which focused on enhancing environmental attributes.
This commitment to research and development serves as a testament to SABIC's strategy of integrating sustainability into its core business practices.
This story is from the October 2024 edition of Oil and Gas News.
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This story is from the October 2024 edition of Oil and Gas News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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