At Alarko Holding, we address sustainability in alignment with our vision and mission, and we uphold the principles of the Alarko Philosophy to nurture sustainability
At Alarko Holding, we address sustainability in alignment with our vision and mission, and we uphold the principles of the Alarko Philosophy to nurture sustainability. Therefore, we consider our vision of becoming a leading and respected global company as a guiding principle for achieving social and environmental benefits through sustainability, and we focus on generating sustainable benefits in our country and the regions where we operate.
Our Sustainability Framework
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Planet
- Achieve net zero carbon emissions by 2050
- Annually increase investments in biodiversity and nature conservation efforts by 20%
- Reduce water consumption by 50% across the Group by 2030
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People and Organization
- Maintain the undesirable turnover rate within the range of 8-11%
- Increase the share of female members in the Boards of Directors to 40%
- Enhance employee engagement score by 20% by 2030
- Triple social investment expenditure by 2030
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Digital Transformation and Innovation
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Increase sustainability-focused R&D and innovation investments by 50% by 2030
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Our Sustainability Goals
We began working on our sustainability strategy in 2022 and identified the areas where we will create value in the long term based on our material topics. We are now pursuing our material topics under the Planet, People, and Digital Transformation and Innovation pillars, with long-term objectives.
Under the Planet pillar of our strategy, we have given priority to addressing climate change and ecosystem restoration, recognizing them as some of the most critical challenges facing humanity. We have set a target of net zero greenhouse gas emissions by 2050. In addition, as a Group, we also monitor our emissions with annual targets. Recognizing the imperative to restore the planet’s health, we have outlined our objectives in the domains of biodiversity and water as part of our ecosystem restoration efforts. Accordingly, we allocate a specific portion of our net profit each year towards investments in ecosystem and biodiversity conservation projects, and we aim to reduce our water consumption in our processes by 50% by 2030.
Under the People pillar, we addressed talent management, inclusion and diversity, employee engagement, and social investments. Accordingly, we have established targets related to various aspects, including reducing the rate of unwanted losses, increasing the representation of female members on the Boards of Directors, enhancing employee loyalty scores, and allocating a portion of our resources to social investment.
Under the Digital Transformation and Innovation pillar of our strategy, we aim to augment the allocation dedicated to sustainability-focused R&D and innovation endeavors to expedite the creation of products and services that actively contribute to sustainability, with a concurrent increase in the range of products and services falling under this category. Through our Digital Transformation Initiatives, we are not only ensuring the readiness of our Group companies for the future but also influencing the broader ecosystem we engage with to adapt to future challenges.
Our Long Term Goals
Planet
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Achieve net zero carbon emissions by 2050
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Increasing investment in biodiversity and nature conservation studies by 20% every year
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Reducing water consumption across the Group by 50% by 2030
People and Culture
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Keeping unwanted employee turnover within 8-11%.
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To increase the rate of female members in the Board of Directors to 40%.
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Increasing employee engagement score by 20% by 2030
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Triple social investment spending by 2030
Digital Transformation and Innovation
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Increasing sustainability-focused R&D and Innovation investments by 50% by 2030.