Petrochemical company SABIC has commited to a new sustainability roadmap involving a 25% reduction in carbon emissions by 2025.
In its Sustainability Development Roadmap, SABIC, MENA’s largest public company, pledged to reduce energy consumption, water usage and carbon emissions by 25% by 2025, from 2010 levels.
The sustainability strategy has been created in alignment with 10 strategic focus areas from the United Nation’s Sustainable Development Goals (SDGs), including resource efficiency, climate change, circular economy, food security, sustainable infrastructure, and environmental preservation.
Bob Maughon, executive vice president of sustainability, technology & innovation at SABIC, said: “SABIC has already embedded many environmental, social and economic dimensions of sustainability into its DNA, so we welcome the opportunity to strategically align our business with the UN’s SDGs.”
Examples of improvements across the business’s value chain include more sustainably sourced feedstock, improving energy efficiencies, and increased investments in sustainable products and innovative processes, such as a circular economy initiative to return mixed plastic waste back to original polymers.
“With the SDGs enabling a framework to translate the world’s most urgent challenges into actionable solutions, those organisations that put advanced product design and innovation at the forefront of their business strategy can not only help achieve these vitally important goals, but they can also benefit from the significant opportunities created by new and changing market demands,” said Maughon.
☛ Want to stay up to date with the news? Sign up to our daily bulletin.