KUWAIT, 1st September, 2020 — EQUATE Group has published its latest sustainability performance results as it continues on its path to create long-term value and positive change in the communities it serves around the world. The company’s Sustainability Report 2017/18, was prepared in accordance with Global Reporting Initiative (GRI) standards and received the GRI Materiality Disclosures Stamp.
The report’s theme, Enhancing Value Creation through Global Integration, highlights the integration of EQUATE Petrochemical Company and its North American subsidiary MEGlobal as one organization – EQUATE Group – and outlines the collaborative efforts across different functions. This integration has enabled greater value creation for the group and further paved the way for long-term, sustainable growth. The report demonstrates EQUATE’s sustainability performance at multiple levels in the areas of economic contribution, environmental impact and care for people and communities.
Dr. Ramesh Ramachandran, EQUATE Group President and CEO, said: “As a global player in the petrochemical industry, we are conscious of our responsibilities at a global, regional and local level. We are wholeheartedly committed to the United Nations Sustainable Development Goals to which we align our sustainability strategy. Through our sustainability efforts, we aim to move towards operating in a sustainable economy, sustainable environment, and a sustainable community. “
Dr. Abeer Al-Omar, EQUATE Group Sustainability Committee Leader, said: “We apply a triple bottom line approach to business across our areas of operation, and into the economies and communities in which we have presence. Measurement is key to achieving real results, and our bi-annual Sustainability Report holds us accountable for our progress and keeps us on track in our commitment to making life better for all.”
The report can be found at: https://www.equate.com/reporting/
ABOUT THE EQUATE GROUP
The EQUATE Group is a global producer of petrochemicals and the world’s second largest producer 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, 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 Qurain Petrochemical Industries Company (QPIC). 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