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Sustainability

WHAT We Aim to Achieve

We strive to achieve sustainable growth through the daily creation of economic value while making a positive impact on our people and the environment in which we operate. In short, we aim to invest responsibly.

We believe sustainable business practices that tackle local and global socio-economic challenges not only serve the community but can also enhance returns. Today, the management of over a quarter of the world’s assets is taking into consideration environmental, social, and governance (ESG) factors that can materially affect a company’s performance and market value (McKinsey)* Furthermore, we believe the moral case to invest in sustainable businesses is even stronger for family-owned corporations as the importance of a company’s sustainability can help to favor more long-term perspectives.

WHY? The Business Case – The Overall Drivers

  • Sustainability threats have global and local impacts
  • Alturki subsidiaries work in several sectors that contribute to the sustainability challenges
  • Saudi’s Vision 2030 driving towards a sustainable economy
  • The moral case

WHY? The Business Case – The Benefits

  • Supporting national plans (Vision 2030) and contributing to local communities’ development
  • Increasing access to investment opportunities
  • Creating superior financial value
  • Improving brand equity and reputation
  • Enhancing compliance and risk management

HOW? Our Ambition and Commitments

Ambition

Investing for Sustainable Impact.

Vision

To be recognized as the premier investor and partner for building great sustainable businesses in Saudi Arabia and Egypt.

Mission

To accelerate the sustainable growth of all our businesses.

Culture

To create value every day; and promise each year to be better than the year before

  • Passion:We take deep personal interest to act purposefully to achieve excellence and success.
  • Excellence:We continuously strive to exceed expectations as a habit to achieve the best possible results.
  • Respect:We respect all of our stakeholders and we respect our environment.
  • Fun:We bring fun into our corporate environment, recognize efforts and celebrate achievements.
  • Openness:We are open to ideas and diversity; we believe that transparency is essential in every aspect of business.
  • Reliability:We do what we say, we deliver on our promises.
  • Meaning:We engage in activities that provide value to the society and the environment at large.

HOW? Our Sustainability Ambition and Commitments

  • Sustainable Investment:We are committed to creating sustainable value for all stakeholders. Our first step toward honoring this commitment is developing the Company’s sustainable investment policy and strategy in line with global best practices and Alturki’s values.
  • Corporate Governance and Management:We adopt strong corporate governance practices to improve our decision-making process towards creating sustainable value for stakeholders, improving compliance and risk management, and instilling a culture of accountability and transparency.
  • Operational Excellence:We promote a performance culture based on passion, excellence, reliability, fun, openness and respect.
  • Customer Service:We maintain communication with our customers to address their priorities. We collaborate with them to foster innovation, efficiency, high quality standards and timely delivery.
  • Our People:We invest in responsible, professional and competent people. We attract and develop talent, build an open and respectful work environment, promote employee wellbeing and manage occupational health and safety risks.
  • Supply Chain:We collaborate with our suppliers to achieve mutual sustainability through localization and ethical standards.
  • Environmental Impact:We manage our environmental impact across the value chain and seek to achieve efficient use of natural resources, reduce emissions and waste, and promote higher environmental awareness.
  • Financial Performance:We maintain stable and profitable financial performance with low leverage.

CULTURE

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PERFORM is the backbone of Alturki and can be observed in every aspect of our work.

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INVESTMENT PHILOSOPHY

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We prioritize to invest in ventures in the same core sectors as us which have a sustainable and rewarding growth potential.

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SUSTAINABILITY

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Alturki Holding seeks to positively participate in the community through Corporate Social Responsibility activities

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ALTURKI CODE OF CONDUCT

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At Alturki’s we ensure that our employees abide by the highest level of integrity and uphold high ethical standards

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ALTURKI CAREERS

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9th June 2019

Alber Honored Alturki Chairman for His Long-term Support and Donations

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