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  • SUSTAINABILITY

COMMITTED TO A BETTER WORLD

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

OUR APPROACH TO SUSTAINABILITY

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.

This conviction has led us to create an ESG framework aimed at embedding sustainability principles and practices deeply into every aspect of our business, ensuring long-term value creation for our stakeholders, employees, and the communities we serve. This framework also provides clear accountability in key areas and initiatives, allowing us to monitor and report on our progress.

Our sustainability agenda is structured around twelve material topics aligned with our business, KSA’s Vision 2030 and the United Nations’ Sustainable Development Goals (SDGs). The material topics encompass critical areas like climate change, health and safety, talent development, community engagement, and corporate governance, which Luberef is actively addressing and will further strengthen in the forthcoming years.

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OUR APPROACH TO SUSTAINABILITY

ADDRESSING CLIMATE CHANGE

Climate change is an issue that affects us all.

We recognize that Luberef must play a part in reducing greenhouse gas (GHG) emissions. That is why we have developed a decarbonization plan that aims to achieve Scope 1 and Scope 2 net zero emissions by 2050 with ambitious intermediate targets in the mid-term.

AIR QUALITY

Our existing initiatives include tracking performance to minimize emissions and flaring, installation of low-air pollutants burners in our plants, and the ongoing partnership with KAUST to reduce air pollutant contents in our fuel. We are continuously exploring new opportunities and collaborations to reduce our pollutants and advance in environmentally sustainable technologies.

WATER MANAGEMENT

We are continuously aiming to reduce water consumption intensity by making every drop of water count. And by looking for areas to increase our water recovery.

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.

WASTE MANAGEMENT

For waste disposal, we deal with third-party waste management companies who remove our waste by assuring it will be recycled or removed with the safest method possible. As this market of waste management is thriving Luberef is continuously searching for better partners to maintain a safe land.

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.

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.

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.

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,

AUDIT & INTEGRITY

Auditor's Hotline

ENGAGED AND EMPOWERED WORKFORCE

Luberef cultivates a highly engaged and empowered workforce through comprehensive talent management initiatives. A competitive incentive structure and robust training programs motivate employees and foster a diverse and inclusive workplace.

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.

FAQ's

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.

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.

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.

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.

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.

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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