At SEC, “Illuminating Lives for a Green and Sustainable Future”
echoes the company’s unwavering dedication to environmental responsibility and societal well-being. This visionary undertaking not only highlights the company’s focus on sustainable energy solutions but also signifies SEC’s contribution to shaping a brighter, eco-friendly world that extends beyond lighting up homes.
Building on this,
SEC weaves together sustainable energy practices,
community empowerment, and a strong resolve to embody responsible practices. SEC’s collective effort aims not only to foster the planet’s well-being but also to shape an enduringly brighter future for generations to come.
About this Report
The Objective of this report is to effectively convey SEC’s sustainability approach and performance to key stakeholders, including investors, regulators, governments, suppliers, customers, employees and communities.
This year, SEC broadened its sustainability reporting, incorporating diverse methodologies to ensure comparability across multiple frameworks—an approach in alignment with international best practices.
SEC unveiled its ESG strategy, serving as a guiding framework for communicating sustainability performance and addressing key challenges, meticulously crafted in adherence to GRI Standards and as per the Tadawul ESG Guidelines by the Saudi Exchange. The report comprehensively covers essential aspects of sustainability performance pertinent to the electric utility sector. To fulfill the disclosure expectations of its investors, the company also aligns its disclosures with SASB and TCFD frameworks, as highlighted in the content indices for the current reporting period.
Furthermore, the report outlines SEC’s contributions to National and International sustainability goals, aligning its initiatives with UN Sustainable Development Goals and KSA Vision 2030 pillars (refer to chapter “Driving Sustainable Transition”). SEC is currently enhancing data management processes through digitalization, augmenting the quality and accuracy of data collection, through the incorporation of a robust governance framework. As part of its evolving sustainability journey, the company aims to further advance the use of digitization in data collection and analysis processes, ensuring efficient and reliable reporting to all stakeholders.
SF6 Emissions
Waste Generated
Hazardous Waste Generated
Key Reporting Frameworks
Global Reporting Initiative (GRI) Standards
GRI, an internationally recognized organization, provides crucial sustainability reporting standards for diverse stakeholders. In line with these standards, this report has been meticulously prepared, adhering to the GRI Universal Standards 2021.
Energy Efficiency Consultation
The Tadawul ESG Guidelines assist listed companies in ESG disclosure and best practices. Though not mandatory, they serve as a valuable resource for companies aiming to enhance ESG performance and attract investors interested in sustainable investing.
Sustainability Accounting Standards Board (SASB) for Electric Utilities & Power Generators
Industry-specific standards for reporting environmental, social, and governance (ESG) factors, enabling transparency and comparability in sustainable practices within the Electric Utilities & Power Generators sector.
Task Force on Climate-Related Financial Disclosures (TCFD)
TCFD offers voluntary, consistent recommendations for climate-related financial risk disclosure, aiding companies in informing stakeholders about its climate related governance and performance. The recommendations cover physical, liability, and transition risks associated with climate change, emphasizing effective financial disclosures.
SH.E. Dr. Khaled bin Saleh Al Sultan
Chairman of the Board
Message from Our Chairman
In alignment with our commitment to sustainability, our resilient strategy clearly defines an actionable roadmap to achieve our ESG ambitions.
We remain steadfast in our commitment to a path that supports the global transition to cleaner and more efficient energy solutions. We express gratitude for the continued support and collaboration of our stakeholders on this transformative journey.
Message from Our CEO
As we power homes and energize industries, we are equally committed to paving a sustainable path for the future.
Our mission transcends providing electricity; it’s about fostering a world where every watt generated contributes to the well-being of our planet and its people. Sustainability is not just a choice; it’s an integral part of our identity, driving us to innovate, conserve, and empower communities for a brighter and greener tomorrow.
