The Saudi Corporate Social Responsibility Forum inaugurated by HRH Prince Meshaal Bin Maged Bin Abdulaziz, Governor of Jeddah Province and co-organized by the Jeddah Chamber of Commerce and Industry and Al Iktissad Wal Aamal Group continues with the second day events at the Grand Hyatt Hotel Jeddah.
The forum activities started with session five entitled "Mechanisms to Build Responsible Supply Chains" moderated by Al Iktissad Wal Aamal Group Deputy CEO Fayssal Abu Zaki and included Procter and Gamble Arabian Peninsula Public and Government Relations Manager Turki Bin Moammar and Dr. Suleiman Faqih Hospital Social Responsibility Committee President Dr. Sharif Tuhaimer.
The panelists addressed various topics namely the establishment and management of a supply chain aligned with the corporate social responsibility strategy and tackled as well the censorship on supply chain in-house practices and the way to ensure its conformity with the corporate social responsibility objectives.
Bin Moammar emphasized the corporate responsibility in terms of environment preservation and addressed P&G methodology regarding sustainable development indicating that its goes hand in hand with economic development. Bin Moammar noted at the same time that the business sector is capable of scoring many benefits by focusing on its capacities in this area, pointing out that "the corporate philosophy is to generate profits by improving people's lives."
He adds, "Companies alongside the business sector should plan and implement strategies for the long-term environment sustainability using P&G's example in implementing a ten-year plan including the adoption of 30% of renewable energy by our factories."
He revealed that "the innovative sustainability products in the corporate operations from July 2007 through June 2011 contributed positively to curving the corporate energy and water consumption by 16% and 22% respectively as well as decreasing solid waste by 57% and carbon dioxide emission by 12%."
SABIC unveils 'Archi-Light Concept House'
SABIC unveiled the 'Archi-Light Concept House' at the official opening ceremony of Chinaplas 2013. Archi-Light is a themed exhibition within the larger show, which focuses on environmentally friendly
KFH-Malaysia takes part in IFSB meetings
KFH-Malaysia took part in the meetings held by the Islamic Financing Services Board (IFSB) that have been hosted by the Malaysian Central Bank recently in the Malaysia capital.
NBK Capital exits Turkey hospital chain
NBK Capital, a leading bank in Kuwait, has announced the sale of its equity stake in Dunya Goz, Turkey’s largest ophthalmology hospital chain, to the founding shareholder.