SABIC releases first integrated annual report

SABIC releases first integrated annual report

The company continues to focus on transforming its business to maximize returns

  • By ICN Bureau | April 19, 2024

Report highlights scale of engagement and collaboration with customers and local communities to advance sustainable development 

SABIC, a global leader in diversified chemicals, announced the publication of its integrated annual report, which narrates the story of the company’s financial and non-financial performance in 2023 and the achievements that are driving forward its growth and creating value for its stakeholders.

The report, under the theme, “Chemistry that shapes tomorrow,” integrates SABIC’s primary reporting streams into a single, coherent narrative, outlining the company’s strategy, governance, performance and prospects. SABIC brings together its Annual Report, Sustainability Report, and Financial Statements within one comprehensive document.

Abdulrahman Al-Fageeh, SABIC CEO, said, “We view this first step into integrated reporting as a significant milestone not only because it improves the quality of our disclosures to our stakeholders, but also because of its capacity to provoke integrated thinking across our organization and help us deliver Chemistry that Matters – chemistry that society values, chemistry that shapes the future.”

He added: "The company continues to focus on transforming its business to maximize returns, while addressing market challenges and advance towards the realization of its vision of being the preferred world leader in chemicals.”

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