• OVERSIGHT OF ESG

 

At Novel Non-Metallic Solutions, we hold firm to the belief that sustainability and ethical conduct are integral elements of our long-term prosperity. We are unwavering in our dedication to ensuring that our operations are in harmony with the highest standards of Environmental, Social, and Governance (ESG) principles.

 

 

  • ESG OVERSIGHT FRAMEWORK

 

Our Board of Directors actively oversees our ESG strategy, ensuring its seamless integration into our overarching business objectives.

  • Dedicated ESG Committee: Our ESG Committee provides precise guidance and oversight, aiding us in pinpointing and addressing crucial ESG risks and opportunities.
  • Robust Risk Management: We have established a comprehensive risk management framework to identify, evaluate, and alleviate potential ESG-related risks.
  • Transparent Reporting: We are staunch in our commitment to transparent reporting of our ESG performance, utilizing standardized frameworks to measure and communicate our progress.

  • Stakeholder Engagement: We engage proactively with our stakeholders, encompassing employees, customers, investors, and communities, to comprehend their expectations and address their concerns.

     

Our ESG priorities
 
  • Environmental Stewardship: Our pledge to minimizing our environmental impact is manifest in our embrace of sustainable practices, energy efficiency, and responsible resource management.
  • Social Responsibility: We accord primacy to ethical labor practices, community engagement, and initiatives promoting diversity and inclusion.
  • Good Governance: We adhere rigorously to the highest standards of corporate governance, ensuring transparency, accountability, and ethical decision-making.

By placing a premium on ESG, Novel Non-Metallic Solutions is not solely forging a sustainable future for our business, but also contributing toward the construction of a more responsible and equitable society. We firmly assert that robust ESG practices are imperative for fostering trust, attracting investment, and triumphing in the long run.

 

 

Environmental (E) Climate Impact and Resource Management

 

At Novel, our resolve to diminish our environmental footprint and harmonize with global and local environmental sustainability objectives is unwavering. Our approach is centered on energy efficiency, reduction of greenhouse gas emissions, and waste minimization. In consonance with Saudi Arabia’s Vision 2030, we are steadfast in our support of the Kingdom’s environmental aspirations, particularly by infusing climate-conscious practices into our operations.

Our flagship product line, the reinforced thermoplastic pipes (RTP), is designed to truncate environmental impact through their durability, lessening the need for frequent replacements, and curbing the utilization of non-renewable resources. We are actively engaged in diminishing the environmental footprint throughout the supply chain, ensuring our materials and production methods align with global environmental standards such as ISO 14001.

 

 

Social (S) Fair Pay, Supplier Localization, and Community Impact

 

Our commitment to social responsibility finds expression in our support for local communities and our workforce. In consonance with the Saudi IKTVA (In-Kingdom Total Value Add) program, we are intensely preoccupied with the localization of suppliers and workforce enhancement. We give precedence to collaborating with local suppliers and contribute to the creation of Saudi jobs, buttressing the Kingdom’s national industrial strategy.

Fair pay and workforce enhancement lie at the core of our social commitments. We ensure that all employees, irrespective of their organizational rank, receive competitive and fair compensation. We channel investments into continuous training and development programs to empower our workforce with the requisite skills for enduring success.

Our social responsibility transcends workplace boundaries, as we actively interface with local communities to foster well-being, education, and economic development.

 

 

Governance (G) Compliance, Transparency, and Leadership

 

We firmly believe that robust governance practices are fundamental to sustained business advancement. At Novel, we steadfastly uphold the highest standards of corporate governance, emphasizing transparency, accountability, and ethical conduct. Our operational framework is underpinned by globally recognized benchmarks, such as the ISO 9001 for quality management and API Q1 for petroleum, petrochemical, and natural gas industry protocols.

Our dedication to governance excellence is exemplified through our meticulous internal audit mechanisms, comprehensive risk management frameworks, and unwavering commitment to meeting compliance obligations. These practices serve not only to nurture trust with our stakeholders but also to fortify the enduring prosperity of our enterprise.