Upon the formulation of the Roadmap statement, the Strategic Pillars, Focus Areas and KPIs were then developed in order to provide a clear Roadmap for implementation on both Holding and subsidiary levels.
Alturki’s Roadmap is comprised of three Pillars (represented by the outer circle), under which nine Focus Areas have emerged (represented by the inner circles):
To achieve its vision and mission, Alturki Holding aims to endorse sustainable investing and grow sustainable businesses through its commitments to managing its core activities; represented in investing and development, in a sustainable manner as illustrated in Alturki Holding’s sustainability framework above.
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Companies are no longer evaluated based on their financial performance alone. The sustainability of a company is better assessed by evaluating its financial, environment, social, and governance potential, thus providing a holistic picture of where the company is headed. By expanding the evaluation process of potential investments to include ESG criteria, Alturki will be able to make even better investment decisions that create long-term shareholder value. |
Commitment | We are committed to creating sustainable value for all stakeholders. Our first step towards honouring this commitment is developing the company’s sustainable Roadmap in line with global best practices and Alturki’s values. |
KPIs |
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Alignment with the UN SDGs | No specific goals. |
Alignment with the Saudi Vision 2030 | Level 3 Objective (6.2.2): Enhance businesses' focus on the sustainability of the economy. |
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Corporate governance is essential for ensuring legal and regulatory compliance, shareholder protection, and sustainable value of the company and its investments towards all stakeholders. To achieve this, it is crucial to integrate sustainability considerations and criteria at all levels of the governance structure at Alturki Holding and its subsidiaries, so that decision makers always prioritise sustainability. |
Commitment | 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. |
KPIs |
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Alignment with the UN SDGs | No specific goals. |
Alignment with the Saudi Vision 2030 | No specific objectives. |
Context |
Operational excellence is imperative regardless of business industry and market conditions. It has financial and environmental benefits, such as maintaining the assets in good conditions, thus saving maintenance costs, costs of interruptions, and losing market share. Achieving environmental efficiencies and responsibilities lead to a reduction in the consumption of natural resources (e.g. input material, energy and water), which reduces the waste generated from the operations. Operational excellence practices should be supported by a productive workforce and data transparency. |
Commitment | We promote a performance culture based on passion, excellence, reliability, fun, openness and respect. |
KPIs |
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Alignment with the UN SDGs | No specific goals. |
Alignment with the Saudi Vision 2030 | Level 2 Objective (2.2): Promote a healthy lifestyle |
Context |
Corporate focus on client service and satisfaction isn’t only the ultimate result, but is becoming a requirement and even an investment for companies to ensure they promote innovation and brand value. This is more accurate with the current digital trends in the business world and on the customers’ side. Some businesses identify the digital transformation as a threat, but others count it as an opportunity to grow and excel. Investing in product and service innovation, personalized customer experience and the product and service delivery is the path to client satisfaction and loyalty. |
Commitment | We maintain communication with our customers to address their priorities. We collaborate with them to foster innovation, high quality standards and timely delivery. |
KPIs |
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Alignment with the UN SDGs | No specific goals. |
Alignment with the Saudi Vision 2030 | No specific objectives. |
Context |
Attracting the best talent is the first step to investing in an efficient workforce. This must be supported with continuous training and development to empower employees and hone their skills. In addition, providing a friendly work environment that is also safe and safeguards employees’ health and wellbeing contributes to maintaining talent. |
Commitment | We invest in a responsible, professional and competent workforce. We attract and develop talent, build an open and respectful work environment, promote employee wellbeing, and manage occupational health and safety risks. |
KPIs |
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Alignment with the UN SDGs |
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Alignment with the Saudi Vision 2030 |
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Context |
In competitive and complex industries where demands for the delivery of high-quality products and projects are at very competitive prices, a significant need for an effective management of the supply chain has emerged. |
Commitment | We collaborate with our suppliers to achieve mutual sustainability and ethical standards. |
KPIs |
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Alignment with the UN SDGs | No specific goals. |
Alignment with the Saudi Vision 2030 |
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Context |
Environmental responsibility is a moral responsibility, as natural resources are being overconsumed and threatened. The construction and building industry, a significant chunk of Alturki Holding’s portfolio, is the single largest global consumer of resources and raw materials. It consumes about 50% of global steel production and each year, 3 billion tons of raw materials are used to manufacture building products worldwide. |
Commitment | 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. |
KPIs |
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Alignment with the UN SDGs |
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Alignment with the Saudi Vision 2030 |
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Context |
Achieving economic value is an essential task for the private sector, however, creating responsible and sustainable economic value is what shareholders should seek. Sustainable financial value creation is increasingly being considered as a growth opportunity, as laws and regulations, markets and customer behaviours are shifting towards sustainability and responsible practices. To achieve this, companies should implement robust financial management system, manage ESG risks and promote ESG innovation at strategic and operational levels. |
Commitment | We maintain a stable and profitable financial performance. |
KPIs |
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Alignment with the UN SDGs | No specific goals. |
Alignment with the Saudi Vision 2030 |
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Context |
Alturki Holding’s subsidiaries work in sectors which are vital to socio-economic development. These sectors play additional roles in providing the basis upon which other sectors can operate and expand through constructing physical facilities required for production and distribution of products and services. Additionally, Alturki Holding and its subsidiaries contribute to job creation and have the potential for generating activity and employment in other sectors. |
Commitment | We inject economic value into the community – job creation and direct and indirect economic value. We are committed to societal development through social-impact programmes, pro-bono work, donations and employee volunteering. |
KPIs |
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Alignment with the UN SDGs | No specific goals. |
Alignment with the Saudi Vision 2030 |
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