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Sustainability at SIRC

Leading the circular economy for a sustainable Kingdom.

Sustainability at SIRC

At SIRC, sustainability is both a commitment and a core aspect of our strategy, deeply embedded in the work of SIRC, our subsidiaries, and joint ventures.

Sustainability at SIRC

At SIRC, sustainability is both a commitment and a core aspect of our strategy, deeply embedded in the work of SIRC, our subsidiaries, and joint ventures. In 2024, we developed our ESG strategy to align with our corporate objectives, reinforcing our dedication to environmental stewardship, societal empowerment, and governance excellence across all operations.

Our Approach

We developed and formalized our ESG strategy to translate our vision and mission into concrete, focused, and measurable actions. Our ESG strategy brings SIRC’s corporate strategy and sustainability ambitions together, aligning our programs and investments to four strategic ESG pillars:

  1. Innovating for the Circular Economy

  2. Cultivating Environmental Stewardship

  3. Fostering an Empowered Society

  4. Cross-cutting Governance Controls

Our Vision

With sustainability at the core of our mandate and identity, SIRC’s mission is to drive meaningful progress towards the Kingdom’s Vision 2030 and create sustainable, long-term value for our stakeholders through cross-sector collaboration, pioneering research, and strategic partnerships.

Climate Change

SIRC is managing energy sourcing and consumption in SIRC’s buildings, plants, and fleets, as well as SIRC’s GHG and non-GHG emissions. Managing energy and emissions reduces SIRC’s operational costs, minimizes its impact on the environment, mitigates regulatory risks, and enhances its reputation as a sustainability leader.

Circular Economy

A circular economy model reimagines how we produce, consume, and dispose of goods and materials. Practices such as recycling, reusing, refurbishing, and remanufacturing serve to minimize waste, reduce the need for new raw materials, and reduce the pace of energy consumption and greenhouse gas emissions production associated with manufacturing.

Circular Economy

ESG Disclosures

We have defined the critical metrics for each of our material topics and are currently developing the necessary infrastructure to implement them across the organization. The key performance indicators (KPIs) and metrics have been defined for each pillar in our strategy, in alignment with the standards set by the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB).

ESG Disclosures

ESG Strategy

Our aim is to embed environmental, social, and governance principles into the core operations of our business, ensuring long-term sustainability and resilience. The formalization of this Strategy creates a clear roadmap for existing and future ESG initiatives and provides a structured approach to improving our performance and managing risks.

ESG Strategy

Our ESG Strategy (continued)

ESG KEY Environmental Social Governance

INNOVATING FOR
THE CIRCULAR ECONOMY

  • Circular
    Economy
  • Technology
    and Innovation
SDG’s
  1. 6
  2. 7
  3. 8
  4. 9
  5. 11
  6. 12
  7. 13
  8. 14
  9. 15
  10. 17
Strategic Objectives
  • Maximize landfill diversion and materials recovery
  • Transform the Kingdom’s waste management infrastructure with industry-leading technology and innovation
Vision 2030 Pillars 1, 2 and 3
Saudi Green Initiative
A Vibrant Society
  • Improve services in Saudi
  • Improve Saudi urban landscape
  • Reduce all types of pollution
A Thriving Economy
  • Attract foreign investment
  • Develop local companies in global leaders
  • Nurture innovation and entrepreneurship
An Ambitious Nation
  • Improve quality of services provided to citizens

CULTIVATING ENVIRONMENTAL
STEWARDSHIP

  • Biodiversity
  • Emissions
    and Carbon
    Management
  • Hazardous
    Waste Management
SDG’s
  1. 3
  2. 6
  3. 7
  4. 8
  5. 9
  6. 11
  7. 12
  8. 13
  9. 14
  10. 15
Strategic Objectives
  • Protect the natural ecosystems and resources that we impact and rely on
  • Improve our climate impact by reducing our emissions and managing our carbon footprint
  • Manage hazardous waste safely and responsibly
Vision 2030 Pillar 1 and 2
Saudi Green Initiative
A Vibrant Society
  • Improve Saudi urban landscape
  • Safeguard the environment
  • Reduce all types of pollution
  • Protect and rehabilitate natural landscapes
A Thriving Economy
  • Attract foreign direct investment
  • Develop oil and gas adjacent industries
  • Grow renewables in national energy mix
  • Enhance the competitiveness of the energy market

FOSTERING AN
EMPOWERED SOCIETY

  • Local Content
    and Supply Chain
    Management
  • Community
    Engagement
  • Workforce
    Engagement
    and Development
  • Occupational
    Health and Safety
SDG’s
  1. 3
  2. 4
  3. 5
  4. 8
  5. 10
  6. 11
  7. 12
  8. 13
Strategic Objectives
  • Support the growth and sustainable performance of our local supply chain
  • Build a high-performing, inclusive, and engaged workforce
  • Maintain a safe and healthy work environment across SIRC and its subsidiaries
  • Engage and educate Saudi communities to build social awareness and participation in good waste management practices
Vision 2030 Pillars 1 and 3
A Vibrant Society
  • Increase localization of non-oil sectors
  • Unlock new sectors through PIF
  • Increase women participation in labor market
  • Source foreign talent effectively
An Ambitious Nation
  • Encourage volunteering
  • Enhance business' focus on their social responsibilities

CROSS-CUTTING
GOVERNANCE CONTROLS

  • Compliance,
    Ethics and
    Transparency
  • Business Continuity,
    Resilience, and
    Risk Management
SDG’s
  1. 9
  2. 16
Strategic Objectives
  • Maintain a culture of compliance practices across SIRC and its Subsidiaries
  • Ensure ethical business practices are implemented across all levels of SIRC and its Subsidiaries
  • Ensure continuous and quality services are provided to citizens and corporations
Vision 2030 Pillars 1 and 3
A Vibrant Society
  • Fosters values of equality and transparency
An Ambitious Nation
  • Enhance business' focus on their social responsibility

Governance and Oversight

In alignment with the United Nations Sustainable Development Goals, the Public Investment Fund’s ESG directives, and internationally recognized sustainability frameworks, our Board of Directors provides visionary leadership that shapes SIRC’s long-term strategy. The Board ensures rigorous governance standards, robust risk oversight, and operational excellence.

Commitment to Vision 2030 and the Saudi Green Initiative

Aligned with the three pillars of the Kingdom’s Vision 2030, the PIF Program invests in catalytic projects that drive the growth and future-fit evolution of Saudi Arabia’s critical economic sectors. SIRC is placing all six PIF sustainability themes at the forefront of its operational considerations. This includes water and waste management, ecological impact and biodiversity, carbon footprint and energy management, renewable energy and clean-tech adoption, community and socio-economic impact, and corporate governance.

People and Safety

SIRC is building a worldclass workforce by attracting, developing, and retaining top talent and creating a positive and inclusive workplace. SIRC is dedicated to creating and maintaining a safe and healthy work environment for SIRC’s employees and contractors and upholding labor practices in line with national and international standards.

Environment

SIRC is managing its use of and impact on natural water resources as well as its impacts on ecosystems, including soil health and biodiversity, in the areas in which SIRC operates.

Sustainability 2025

Watch how SIRC is advancing the circular economy across the Kingdom.

Sustainability Reports

Browse our sustainability reports in English and Arabic.

2025

SIRC 2025 Sustainability Report
Download PDF
تقرير الاستدامة 2025 - سرك Arabic version
تقرير الاستدامة 2025 - سرك
Full report coming soon

2024

SIRC 2024 Sustainability Report
Download PDF
تقرير الاستدامة 2024 - سرك
Download PDF
The Saudi Investment Recycling Company (SIRC) is a wholly owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia.
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