COMMITTED TO A BETTER WORLD

We are focused on doing things better - for the benefit of our people, our community, and our planet

STRIVING FOR EXCELLENCE IN EVERYTHING WE DO

We believe that our approach to Environmental, Social and Governance (ESG) issues needs to go beyond individual initiatives to be an integral part of how we do business.


We are on a journey to create ESG framework, which will help us to integrate sustainability principles and practices into our business at every level. It will also give us clear accountability across key areas and initiatives which we monitor and report on, in order to ensure that we are doing things better.

OUR APPROACH TO SUSTAINABILITY

ADDRESSING CLIMATE CHANGE

Climate change is an issue that affects us all. 

That is why we have an environmental policy in place outlining environmental goals, actions and a performance and monitoring and measurement framework.


We also recognise that Luberef must play a part in reducing greenhouse gas (GHG) emissions and so we are in the process of developing a strategy that aims to achieve Scope 1 and Scope 2 net zero emissions by 2050G.



MINIMIZING ENVIRONMENTAL IMPACT

Environmental management is a priority at every level of our business. We have an environmental policy in place outlining environmental goals, actions, together with a performance, monitoring and measurement framework and we are taking active steps to improve environmental sustainability.

Our existing initiatives include tracking performance to minimize emissions and flaring. We also continuously explore new opportunities and collaborations to reduce our emissions. Our efforts were recognized in 2021 by Saudi Aramco, with Luberef receiving the Most Improved in Energy Intensity and Best Health, Safety and Environment Performance President’s awards.



As part of our sustainability efforts, we also aim to meet industry reporting standards and we are certified for the ISO 14001:2015 Environmental Management Systems and ISO 50001:2018 Standard for Energy Management Systems.


RESPONSIBLE BUSUNESS

As an integral part of so many industries, our products impact millions of lives around the world. That’s why we believe it is important that Luberef has a positive impact on our people and the wider community, while minimizing negative impacts on the environment.

Whether fostering potential in our people and our local communities, safeguarding their health and wellbeing or ensuring our contribution to Saudi Arabia’s development, as a responsible corporate citizen, Luberef is committed to doing things better.

GOOD GOVERNANCE

Luberef is committed to the principles of good corporate governance as an integral part of how we do business.

We adhere to robust standards of corporate governance at all levels of our business. Our diverse board plays an important role in maintaining strong corporate governance, allowing a wide range of opinions and views in the boardroom to facilitate a productive and enhanced decision-making process.

Luberef is committed to the principles of good corporate governance as an integral part of how we do business.

We adhere to robust standards of corporate governance at all levels of our business. Our diverse board plays an important role in maintaining strong corporate governance, allowing a wide range of opinions and views in the boardroom to facilitate a productive and enhanced decision-making process.

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COMMUNITY SUPPORT

We engage in numerous community outreach programs, with a focus on promoting education, health and economic development. Our initiatives range from our Tamkeen program providing support and facilities for people with a disability to providing assistance and relief to families in need in our local communities. In the past several years, we have also contributed in various ways to the Government’s efforts in combating COVID-19, providing financial support of SAR 5 million to the Health Waqf Fund as well donating laptops to ensure the continuity of education during the pandemic.

We engage in numerous community outreach programs, with a focus on promoting education, health and economic development. Our initiatives range from our Tamkeen program providing support and facilities for people with a disability to providing assistance and relief to families in need in our local communities. In the past several years, we have also contributed in various ways to the Government’s efforts in combating COVID-19, providing financial support of SAR 5 million to the Health Waqf Fund as well donating laptops to ensure the continuity of education during the pandemic.

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HEALTH & SAFETY

We aim to provide a safe and healthy workplace for our people by fostering a culture of zero harm, aligned with international safety standards. At the heart of this culture lies a low risk tolerance with rigorously applied operational safety procedures, combined with a continuous improvement approach.


We’re proud to say that since 2020, our Total Recordable Incident Rate (TRIR) has been zero* – but we won’t be complacent in our approach, and we regularly train our people in the latest practices and processes to support our ongoing implementation of best practices.


*as at July 2022

We aim to provide a safe and healthy workplace for our people by fostering a culture of zero harm, aligned with international safety standards. At the heart of this culture lies a low risk tolerance with rigorously applied operational safety procedures, combined with a continuous improvement approach.


We’re proud to say that since 2020, our Total Recordable Incident Rate (TRIR) has been zero* – but we won’t be complacent in our approach, and we regularly train our people in the latest practices and processes to support our ongoing implementation of best practices.


*as at July 2022

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ETHICS AND INTEGRITY

As a company and individually as employees, we strive to operate to the highest ethical standards and practices. The Luberef Code of Conduct guides our behaviour,

providing a framework for ethical conduct and integrity. We actively encourage and expect our employees to directly report suspected violations of the Code, providing appropriate channels to facilitate the reporting of any concerns for investigation.

As a company and individually as employees, we strive to operate to the highest ethical standards and practices. The Luberef Code of Conduct guides our behaviour,

providing a framework for ethical conduct and integrity. We actively encourage and expect our employees to directly report suspected violations of the Code, providing appropriate channels to facilitate the reporting of any concerns for investigation.

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DEVELOPMENT & DIVERSITY

Luberef seeks to create a motivating workplace for our people, to attract, develop and retain talent by encouraging/nurturing their personal and professional growth. We invest in our people through a variety of incentive and training programs to foster a healthy and positive team with opportunities and capabilities to flourish within our company.


As an integral part of the Saudi supply chain, we also want our workforce to reflect the world around us as well as support the realization of Saudi Vision 2030’s targets to increase diversity and inclusion in the workplace.

Luberef seeks to create a motivating workplace for our people, to attract, develop and retain talent by encouraging/nurturing their personal and professional growth. We invest in our people through a variety of incentive and training programs to foster a healthy and positive team with opportunities and capabilities to flourish within our company.


As an integral part of the Saudi supply chain, we also want our workforce to reflect the world around us as well as support the realization of Saudi Vision 2030’s targets to increase diversity and inclusion in the workplace.

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CORPORATE CITIZENSHIP

We believe that Luberef can play a vital role in the ongoing development of the communities where we operate. Using our skills and resources, we aspire to make a positive impact as a corporate citizen.  Moreover, we aim to go beyond any single initiative in supporting the realization of the Kingdom’s Vision 2030 to create a thriving economy and a vibrant society.


Alongside providing direct employment to over 600 people, we contribute to the ongoing development of the wider Saudi economy, including through our partnerships with suppliers and customers.

We believe that Luberef can play a vital role in the ongoing development of the communities where we operate. Using our skills and resources, we aspire to make a positive impact as a corporate citizen.  Moreover, we aim to go beyond any single initiative in supporting the realization of the Kingdom’s Vision 2030 to create a thriving economy and a vibrant society.


Alongside providing direct employment to over 600 people, we contribute to the ongoing development of the wider Saudi economy, including through our partnerships with suppliers and customers.

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FAQ's

How is Luberef supporting the Saudi Arabia’s journey to net zero?

In support of the wider Saudi Arabian targets, Luberef is in the process of developing a strategy,that aims to achieve net zero Scope 1 and Scope 2 emissions by 2050G. We know that, as a base oil producer, we have a lot of work to do to achieve this goal. Nevertheless, we are committed to playing our part in addressing climate change.
We will continue to monitor and report on our progress going forward.

What else is Luberef doing to reduce its impact on the environment?

As a critical input for many industries, our products impact millions of lives around the world. That’s why it is important that we seek to have a positive impact on society, while minimizing the negative impacts on the environment through careful management of our production processes and outputs. We were pleased to be recognized by Saudi Aramco’s President’s Awards in 2021G for some of our work in this area, Most Improved in Energy Intensity.
We will continue to seek to identify ways to improve as part of our ongoing sustainability efforts.

How does Luberef encourage a diverse workforce?

Our team brings together diverse experience and fresh perspectives to help our business thrive, with 27% of employees under 30, 56% between the ages 30 to 50 and 17% over 50. In a traditionally male dominated industry, we are also aiming to strengthen female representation at all levels of our business, from the boardroom – where we currently have one female non-executive director - all the way through to entry-level positions. We also run talent development programs for people with disabilities, including work customization programs and summer training programs.

What is Luberef doing to support Saudi Vision 2030?

As a business and a corporate citizen, we believe we can make a real difference to the Kingdom of Saudi Arabia and our people. Whether in fostering our talented and diverse workforce, driving our industry forward or ensuring that sustainability is central to our purpose, in line with Saudi Vision 2030, Luberef is proud to contribute to making that vision a reality.

How does Luberef support local communities?

We see ourselves as a vital partner to the communities where we operate. It is our aim to contribute to the ongoing development of these communities, by providing financial and practical support focused on promoting education, health and economic development.

How does Luberef ensure it’s delivering on its ESG commitments?

We are on a journey to create our ESG framework in order to ensure we have an effective roadmap for delivery of our ESG commitments. We will continue to provide updates on our progress going forward.

Do you have any questions?

If you have any questions about our approach to ESG, please do get in touch

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