SABIC becomes only Arab company on Thomson Reuters Top 100 Global Energy Leaders list
RIYADH: Saudi Arabian Basic Industries Cooperation (SABIC) had added a new feather to its cap by becoming the only company in the Arab world to make it to the Thomson Reuters Top 100 Global Energy Leaders list.
According to an exclusive statement from SABIC to Arab News, it said that it is the only company in the Arab world making it to the list, reflecting its committed efforts to embed sustainable practices in its global operations that have resulted in energy savings, improved resource efficiency, technological innovation and cost savings.
“Thomson Reuters has ranked SABIC among the top 100 global energy leaders, an honored place among companies that excel in a complex business environment across eight pillars of performance such as financial, management and investor confidence, risk and resilience, legal compliance, innovation, people and social responsibility, environmental impact and reputation.”
According to Thomson Reuters, companies that rise to the top of this list are the “renaissance organizations that best succeed across the parameters at the intersection of regulation and commerce. They are the energy industry’s decathletes. They embrace the challenge of outsizing business complexity with the acumen and agility to stay one step ahead of constant change.”
Thomson Reuters’ methodology evaluated corporate performance using a combination of fundamental business metrics because “in today’s complex business environment, success and leadership require much more than just financial performance.”
SABIC is a global leader in diversified chemicals headquartered in Riyadh. It manufactures on a global scale in the Americas, Europe, the Middle East and the Asia Pacific, making distinctly different kinds of products: Chemicals, commodity and high performance plastics, agro-nutrients and metals. It has more than 35,000 employees worldwide and operates in more than 50 countries, with innovation hubs in five key locations – the US, Europe, Middle East, South East Asia and North East Asia.