Governance and oversight
The Sustainability, Risk, and HSE Committee
The Sustainability, Risk, and HSE Committee assists Aramco’s Board of Directors with the Company’s governance, risk, and compliance regime, including matters related to sustainability.
This Board-level committee, which meets quarterly, supports the Board by:
- Overseeing the Company’s strategy, performance, and reputation regarding sustainability matters that contribute to long-term value creation throughout the Company’s global business;
- Reviewing the effectiveness of the Company’s policies, programs, and practices with respect to safety, health, environment, and social issues, as well as making such recommendations to the Board; and
- Reviewing summary reports on material health, safety, and environmental incidents within the Company.
The Sustainability Steering Committee (SSC)
The Sustainability Steering Committee (SSC) reviews and guides decisions and strategies related to sustainability, and enables the Company to assess potential impacts on long-term value creation for stakeholders and the business. It evaluates the Company’s GHG mitigation plans and corporate risk assessments for items related to sustainability. Outcomes from these evaluations are presented to and endorsed by the GEC before final approval by the Board.
In 2024, the SSC held 12 meetings, where discussion included:
- Evaluation of the GHG mitigation plan (including interim targets) up to 2050;
- Review of the annual materiality assessment; • Endorsement of the 2023 Sustainability Report;
- Updates on global sustainability-related regulations; and
- Review of current and planned sustainability investments.