Environmental, Social and Governance (ESG)

To empower the economy and power the nation

Our impact ESG initiatives

Our environmental, social, and governance (ESG) best practices are implemented in our daily operations to positively impact our businesses and country. We are committed to being responsible investors by finding new ways to preserve the environment and inspire the well-being and growth of the community. We capitalize on potential and thus support the younger Saudi generation in honing their skills so that they can become the leaders of tomorrow with integrity and unmatched expertise.

Vision 2030 Alignment

SISCO Holding's ESG practices and current framework is closely aligned with the national agenda and the core pillars of the Kingdom's Vision 2030.

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Key initiatives

Key initiatives

Internally, we are encouraging our partners and portfolio businesses to suggest ideas that would allow us, as a collective, to operate more efficiently and sustainably—reducing our environmental impact. We believe that we have a moral responsibility to prioritize ESG. However, these initiatives also make for an appealing investment environment—attracting more investors and maximizing financial returns.

Initiatives

Environmental

Environmental

Tawzea planted over 20,000 trees across their plants to reduce their carbon footprint. -We are producing large amounts of fresh water, offsetting the water scarcity in the country. -To minimize wastewater, we reuse and reduce as much as we can. For the past two years, RSGT has been progressing with its artificial reef program that focuses on the coral formation and marine life preservation. -RSGT has been actively evaluating its environmental and social impact in terms of carbon footprint, waste, pollution, and more.

Initiatives

Social

Social

We actively focus on the health and safety of our employees in the workplace, implementing best practice. We proactively find and implement new ideas to reduce workplace stress and injuries, for example implementing remotely operated quay cranes. We have ensured at our staff are remunerated appropriately and that no discrimination present in our hiring and employment practices. Our CSR programs are designed to deliver measurable impact in the communities we work with, from support of local charities to partnering with medical institution to bring free basic care to communities and organizing blood donation drives.

Initiatives

Corporate Governance

Corporate Governance

To ensure policy governance, fairness, transparency, and quality assurance, our board has created four committees: the Audit Committee, the Investment Committee, the Nomination & Remuneration Committee, and the Risk & Sustainability Committee. Each committee contains board members and independent experts. They have all been given different responsibilities but share the same goal: to act in alignment with our investment strategy and the stakeholders’ best interests.

Board of Directors Board Committees Company Bylaws

2022 ESG Report

Get to know SISCO Holding's Environmental, Social and Governmental (ESG) Initiatives for Year 2022

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