Team Energy DaisEmbracing the role of corporate social responsibility in business ethics is helping corporates establish a new identity and trust among the customers. Let’s learn about the impact of CSR by Saudi Aramco and how this concept is playing a crucial role in the growth story of the oil giant.
About Saudi Aramco
Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, is a fully integrated, global petroleum and chemicals enterprise. A rich history of 85 years of service and innovation has established Saudi Aramco as the world’s largest integrated oil and gas company, and a world leader in hydrocarbons exploration, production, refining, distribution, and marketing. Their oil and gas production infrastructure leads the industry in the scale of production, operational reliability, and technical advances.
The following CSR initiatives by Saudi Aramco reflect its idea of sustainable development.
Empowering Communities
Saudi Aramco has left no stone unturned in aligning its business agenda with the needs of the local communities. For any future progress and development, developed communities are at the core of operations. Through a wide and diverse range of programs, the firm actively engages communities locally and globally to facilitate greater opportunities in harmony with the environment. By providing enhanced skills, practices, and tools to a broad spectrum of craft workers, farmers, and micro-enterprises, Saudi Aramco seeks to make an everlasting impact on society. The larger goal is to achieve a ‘sustainable future’.
Ensuring the well-being of the employees and communities
Saudi Aramco has joined hands with John Hopkins Aramco Healthcare (JHAH) with the objective to ensure the good health of its workforce and also the communities where the firm operates. This initiative represents a landmark in the transformation of medicine and healthcare in the Kingdom of Saudi Arabia. The top-notch clinical, educational and research expertise of John Hopkins Medicine is now easily accessible to the people of Saudi Kingdom. The efforts of JHAH are directed towards health management in sync with the vision of the company and the wider community. Without an iota of doubt, in the times to come, this institution will evolve into a healthcare system of high excellence.
Vision 2030
The Saudi Kingdom’s Vision 2030 is a blueprint for achieving greater heights of sustained economic development and creation of new and diverse opportunities for the citizens. And the vision of Saudi Aramco is consistent with many aspects of Vision 2030. The idea is to share the goals for better results.
This initiative is a revolutionary aspect of the economic growth of the Kingdom of Saudi Arabia. The concept behind the event is a crucial element in the Vision 2030 strategy to move the Kingdom away from oil dependency. The objective is to expand the energy services sector and enhance the amount and quality of goods and services for more efficient performance. Consequently, this will help in strengthening and diversifying the domestic economy and the supplier base. Along with this, overall development of the Saudi workforce is also one of the prime objectives of this program. It has been envisioned that in the longer run, thousands of direct and indirect jobs will be created for Saudis through strong domestic energy goods and services sector.
The leadership of Saudi Aramco has gained immense leverage with its CSR initiatives. It reflects that this oil giant is not just concerned about profits but the larger goal of human development is also in focus. The ‘Triple Bottom’ approach has been demonstrated well in its CSR activities.
Visit our insights section to learn more about sustainable initiatives by oil and gas companies.
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