ESG Sustainability Governance and Principle
At Petro Rabigh, we are
committed to achieving the highest standards of ESG business practices. We
recognize the inherent social and environmental risks in our activities and
operations and are dedicated to managing them effectively.
We believe that by recording social and environmental losses and damages, we can continuously improve our ESG practices and deliver sustainable value to our stakeholders.
Our management core is committed to the following ESG Sustainability Principles, which guide our business strategies and performance and align with the expectations of our stakeholders and the applicable international standards:
Foster an organizational culture that values diversity, inclusivity, equality, and human rights.
Ensure compliance with established national and international governance and ethical standards, including the UN Global Compact, to safeguard our stakeholders' interests and contribute to the Kingdom's UN SDGs and National Vision 2030 goals.
Prioritize the safety and wellbeing of our employees and the general public who may be affected by our operations and products.
Embrace circular economy opportunities to progressively decarbonize and reduce the non-renewable content of our products, supporting the national ambition of net-zero carbon by 2050.
Integrate a precautionary and net gain approach into our decision-making processes to minimize and mitigate environmental and social impacts.
Hold our supply chain accountable for meeting ESG standards as part of our sustainable and responsible procurement processes and codes of conduct.
Collaborate with local communities to support their socio-economic development.
Actively consult, engage, and listen to our stakeholders, including employees, investors, supply chain, local communities, and customers, to understand their ESG concerns.
Petro Rabigh is committed to empowering sustainable business practices, and we invite all stakeholders to join us in this journey towards a more sustainable future.
