Sustainability is a critical driver of how we create lasting social, environmental, and economic value, for our business, for our stakeholders and for the communities in which we operate.
Our aim is to drive integration of sustainability into our operations and our long-term business strategy. This strategy, with Board alignment, streamlines decision-making, provides clear understanding of responsibilities, and sets out clear action on key topics.
The Board of Directors oversees sustainability at the Company through the Risk and HSE (Health, Safety, and Environment) Committee.
The Risk and HSE Committee receives periodic updates from management regarding the Company’s sustainability framework and performance across a range of Key Performance Indicators (KPIs) and goals, and provides guidance with respect to strategy, commitments, and important areas of focus. The Risk and HSE Committee reports its findings to the Board.
At a management level, the Company’s Sustainability Steering Committee (SSC) aligns all our sustainability-related activities under the guidance and oversight of a single body.
The SSC is comprised of Aramco vice presidents representing our various business lines and administrative areas, and is led by the Senior Vice President of Technical Services.
Our four main areas of focus
Materiality assessments and external benchmarking have identified four sustainability areas of focus:
- Climate change and the energy transition
- Minimizing environmental impact
- Accelerating human potential
- Growing societal value
The Company takes both a strategic and operational approach as it seeks to address these important issues, and has identified KPIs for each focus area.
The Company provides details on its recent performance and current plans in these areas in our 2021 Sustainability Report.