EQUATE Retains Silver Status in EcoVadis Assessment
Achieves a Total Score of 75/100, Reinforcing Commitment to Sustainability and Business Excellence

Kuwait, October 8, 2025 — EQUATE Group, a global producer of petrochemicals and a recognized sustainability leader, has retained its EcoVadis Silver Medal with an improved score of 75 out of 100, marking a 3-point increase over its previous result.

The achievement underscores EQUATE’s ongoing progress in integrating Environmental, Social, and Governance (ESG) principles into its business operations, reflecting measurable improvement across EcoVadis’ four assessment pillars — Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

By maintaining its Silver rating, EQUATE continues to rank among the top-performing companies globally assessed by EcoVadis, the world’s most trusted provider of business sustainability ratings, covering over 130,000 companies across 200 industries.

This recognition reinforces EQUATE’s strategic focus on sustainability, transparency, and operational excellence, demonstrating its commitment to driving long-term value and contributing to a more sustainable petrochemical industry.

EQUATE remains dedicated to advancing its ESG journey, continuously enhancing its environmental performance, promoting ethical practices, and fostering responsible sourcing across its global operations.

For more information about EcoVadis and its global sustainability rating system, please visit www.ecovadis.com

ABOUT THE EQUATE GROUP

The EQUATE Group is a global producer of petrochemicals and the world’s leading supplier of ethylene glycol (EG)supplier of ethylene glycol (EG). The EQUATE Group owns and operates industrial complexes in Kuwait, North America and Europe that annually produce over 6 million tons of ethylene glycol (EG), polyethylene (PE), polyethylene terephthalate (PET), styrene monomer (SM), paraxylene (PX), heavy aromatics (HA) and benzene (BZ). The EQUATE Group includes EQUATE Petrochemical Company (EQUATE), The Kuwait Olefins Company (TKOC), as well as a number of subsidiaries such as MEGlobal and Equipolymers. Their products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. The EQUATE Group’s shareholders are Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Kuwait Projects Company – KIPCO. Employing more than 1,500 people worldwide, the EQUATE Group is a leading enterprise that pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society. Visit www.equate.com

EQUATE Group Reaffirms Commitment to Strengthening Partnership with India

Kuwait City, September 3, 2025 – The EQUATE Group, a global producer of petrochemicals, has reaffirmed its long-standing commitment to strengthening economic and industrial partnerships with the Republic of India.

For nearly three decades, EQUATE has proudly contributed to the growth and advancement of India’s textile industry by delivering trusted products and services that have become integral to the sector’s success. This enduring collaboration extends beyond commercial engagement, reflecting a shared vision of sustainable progress and mutual prosperity.

In recent years, bilateral relations between the State of Kuwait and the Republic of India have advanced significantly, with trade crossing USD 10 billion in 2024–2025. This deepening partnership is built upon a legacy of friendship, cooperation, and goodwill, and has evolved into resilient economic ties. These bonds were further reinforced during the official visit of the Hon’ble Prime Minister of India, Shri Narendra Modi, to the State of Kuwait in December 2024, at the invitation of His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Amir of the State of Kuwait.

Following this milestone visit, Kuwait and India have elevated their traditional bilateral ties into a comprehensive strategic partnership, encompassing geopolitical, economic, and social dimensions.

In this context, His Excellency Mr. Meshal Mustafa Al-Shemali, Ambassador of the State of Kuwait to the Republic of India, recently met with EQUATE representatives, including Mr. Ahmad Saud Al-Saleh, Global Business Director, and Mr. Kamlesh Parwani, Regional Commercial Director. The discussions focused on reinforcing trade and economic cooperation between the two countries, with an emphasis on unlocking new opportunities for sustainable growth.

“EQUATE has been a long-standing partner of India’s thriving man-made textile industry, and we remain deeply committed to supporting its continued success. Our collaboration with India goes beyond commerce—it embodies EQUATE’s mission to drive shared economic progress while advancing innovation and sustainability. This milestone reinforces our vision of being a true ‘Partner in Success’ with stakeholders worldwide, and reaffirms our role in building a future of growth, prosperity, and resilience,” said Mr. Al-Saleh.

Looking forward, the EQUATE Group remains committed to deepening its collaboration with Indian partners and to advancing opportunities that strengthen trade relations, promote mutual prosperity, and contribute to the sustainable future of both nations.

Kuwait City, January 20, 2025 – EQUATE, a leader in petrochemical production, in partnership with the Public Authority of Industry (PAI), proudly unveiled its groundbreaking environmental initiatives aimed at reducing CO2 emissions within Kuwait’s industrial sector. This announcement was made at the recently concluded environmental symposium organized by PAI, demonstrating a significant step towards sustainable industrial practices in the region.
Pioneering Environmental Efforts

EQUATE presented a series of innovative projects and initiatives that focus on minimizing carbon footprints and integrating eco-friendly practices across operations. These initiatives embody EQUATE’s commitment to sustainability and its alignment with the company’s Environmental, Social, and Governance (ESG) strategy. By employing cutting-edge technologies and adopting forward-thinking approaches, EQUATE is setting new benchmarks for sustainability in the petrochemical industry.
Strategic Collaboration with PAI

The collaboration with PAI highlights the vital role of public-private partnerships in driving environmental progress in Kuwait. Through joint efforts, EQUATE and PAI aim to leverage their combined expertise to address pressing environmental challenges, develop impactful solutions, and promote sustainable growth that benefits both the industry and the wider community.
A Vision for a Sustainable Future

EQUATE’s participation in the symposium underscores its dedication to embedding sustainability into the core of its operations and corporate culture. The initiatives presented reflect a broader vision to leave a lasting positive impact on the environment while inspiring others in the sector to join the effort towards a sustainable future.

Kuwait, December 2024 – EQUATE Petrochemical Company welcomed delegates from KPC’s International Marketing and PIC’s Business Monitoring for a visit aimed at enhancing collaboration and exploring future synergies, under its “Partners in Success” strategy.

The visit featured a strategic meeting involving EQUATE’s Global Planning and Business Development (GPBD) Department and Marketing teams with the delegates, focusing on aligning mutual objectives. Delegates were also introduced to EQUATE’s achievements and future goals through a comprehensive overview session.

A highlight was the tour of EQUATE’s cutting-edge facilities, offering insights into the company’s advanced operations.

This successful visit reinforced existing relationships and opened new avenues for collaboration between EQUATE, KPC, and PIC. Thanks to everyone involved for their dedication and teamwork in making this visit a success.

KUWAIT, December 19, 2024 — The EQUATE Group, a global producer of petrochemicals and the world’s leading supplier of Ethylene Glycol, played a pivotal role in sponsoring the para-athlete track at the 30th National Bank of Kuwait (NBK) Annual Run, which took place in Kuwait on December 14, 2024.

This year’s marathon held special significance, celebrating inclusivity and empowering individuals of all abilities. EQUATE’s commitment to fostering a diverse and respectful workplace extended beyond its walls, demonstrating its values through action and in alignment with its ESG Strategy.

As part of its contribution, EQUATE sponsored the disabled participants in three 2.5 km race categories: Wheelchairs, Visually Impaired, and Leg Ampute. The company presented cash prizes of 500, 400, 300, 100, and 100 Kuwaiti Dinars for the first five male and female winners in each category.

Sudhir Shenoy, Senior Vice President, EQUATE Group, said: “At EQUATE, we strive to create a workplace where everyone feels valued, respected, and included. This year’s NBK Run exemplifies this spirit, promoting inclusivity and showcasing the power of resilience.”

EQUATE’s partnership extended beyond financial support. The company actively encouraged its employees to participate in the race, whether running solo or partnering with a para-athlete. This collaboration fostered a positive and supportive environment, emphasizing the importance of diverse communities.

Shenoy added: “We are thrilled to have collaborated with the NBK Run and the incredible para-athletes at this year’s run. Together, we celebrated diversity, cheered on all participants, and showed that inclusion is not just a word for EQUATE; it’s a way of life.”

KUWAIT, November 25, 2024 – Mohammad Al-Sharhan, Global HR Director of EQUATE Group, took a prominent role at the HR Forum in Kuwait, stressing the need for transformative changes in the HR sector. As Kuwait experiences a shift in its HR landscape, the forum spotlighted innovative solutions for addressing talent shortages and regulatory shifts. Al-Sharhan underscored EQUATE’s commitment to advancing HR technology and thought leadership, reinforcing its leadership position in the GCC HR tech market.​​

Strategic HR Initiatives Aligned with Kuwait’s Vision 2035​​

EQUATE Group is proactively aligning its workforce strategies with Kuwait’s Vision 2035, focusing on bridging generational gaps, enhancing AI integration, and advancing Kuwaiti talent through upskilling. Understanding Gen Z’s need for flexibility, EQUATE fosters inclusive environments that support innovation.​​

The group is also at the helm of preparing its workforce for the future by bolstering digital skills through comprehensive training programs, ensuring readiness for evolving job roles. Partnering with educational institutions, EQUATE designs tailored training to equip Kuwaiti talent for future challenges.​

These initiatives illustrate EQUATE’s dedication to contributing to Kuwait’s economic transformation in line with Vision 2035, aiming for a prosperous and sustainable future.​