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Sustainability Report 2014 Sustainability Report 2014 Making the Impossible Possible EQUATE Groundbreaking June 15, 1995 EQUATE Inauguration November 12, 1997 Greater EQUATE Inauguration February 23, 2010 Greater EQUATE Groundbreaking March 1, 2005 Contents 04 Letter from the President & CEO 20 Our Approach to Sustainability 06 About this Report 62 GRI G4 Content Index 08 About EQUATE 68 Glossary of Abbreviations 14 EQUATE in Numbers 70 Publications and References 18 Awards 28 How we Conduct our 32 Quality in all Our 40 Our Environmental business Operations Stewardship 46 Our People 52 Our Community 58 Our Impact on the Economies where We Operate 4 EQUATE Sustainability Report 2014 Letter from the President & CEO Since its inception in 1995, EQUATE during 2013. We demonstrate the Petrochemical Company has set its impact our activities leave on the com- Indeed, EQUATE is a vision on becoming a global leader in munities where we operate, as we manufacturing best-in-class products. take responsibility for all our actions in great place to work Furthermore, as Kuwait’s first inter- those communities. because of what we national petrochemical joint venture, EQUATE has today become an organi- Every year, we make a substantial effort do and how we do it. zation that reflects and demonstrates in crafting a high performingEQUATE innovative Sustainability Report 2014 5 I would like to congrat- a framework of sustainable excellence. business culture and we are now ready to look to the future with renewed ulate everyone in the Ensuring that sustainability is core to energy and drive. Sustainability our principles and integrated within reporting ensures consolidating best company on another our corporate and strategic objectives practices and global standards as com- year of achievements demonstrate our commitment toward petitive advantages for the benefit of the society and the environment. We all stakeholders. It is my personal aspi- and I am looking have a clear and realistic view about ration to ensure we continuously add forward to working our position in the context of the envi- value to the society and care for the ronment, economy, society and work- environment. together to reach the place. We know we have continuous full potential of our challenges and seek to create opportu- Indeed, EQUATE is a great place to nities for a better future and to make a work because of what we do and how business, sustainably. positive difference. we do it. I would like to congratulate everyone in the company on another While firmly committed to the fact year of achievements and I am look- G4-1 that our employees constantly aspire ing forward to working together to for excellence and exemplifying inno- reach the full potential of our business, For EQUATE Petrochemicalvation, Company, I wish Kuwait’s for us tofirst continuously andsustainably. regulations relevant to implementing the strictest international joint-ventureleverage in this and industry, share bestsustainability practices for guidelines in all fields pertaining to human resources, the benefit of all our stakeholders. Our relationships with joint venture is a core strategic objective. It is applicable to every aspect businesspartners, conduct, shareholders, financial governments,discipline, as well as of the company, and notSafeguarding a mere term the or environment,expression. behav- the environment, health and safety (EH&S). The TA 2014 fellow K-companies, customers, staff, ing ethically, supporting economic is a key achievement in EQUATE’s continuous journey Since its inception in 1995, EQUATE has realized financial institutions, suppliers, NGOs, growth, as well as developing qualified as a Highly Reliable Organization (HRO) within its and continues to realize the importance of sustainability local communities, the media and all human resources in Kuwait and beyond sustainability efforts. to ensure being “Partners in Success” with our are some of the elements EQUATE other stakeholders are built on the employees, their families, shareholders, NGOs, customers, As you go through our fourth sustainability report, wishes to share with its stakeholders principle of long-term mutual advan- Kuwait Petroleum Corporation & Subsidiaries (K-Companies), I wouldtage and like torespect. highlight Our to yousuccess that it trulyhas been prepared financial institutions,who contractors, represent government individuals, bodies, organiza- in accordance with the guidelines of the Global Reporting tions and communities. rests on the confidence and trust put media outlets and other stakeholders who represent Initiativeinto by our (GRI). stakeholders. We are partners The corporate in sharing the qualitative individuals, organizationsFor theand thirdcommunities. consecutive year, we are andsustainability quantitative efforts information detailed included in this in the report as a tool to reflect EQUATE’s economic, environmental and social For that purpose, our pleasedcurrent corporateto issue strategythis report includes in accor- report are focused on contributing to initiatives. These three areas, which constitute the core the five strategic objectivesdance with of Sustainability, the guidelines People of the Global and enhancing that trust. After all, we of our sustainability efforts, carry several challenging Excellence, Business Excellence,Reporting Growth Initiative. and Maximize With this, Value. we want are ‘Partners in Success’. opportunities that require a partnership with all stakeholders to show our willingness to remain EQUATE is not only a producer of petrochemicals, toWe turn hope them intoyou a fruitfulwill find reality our for 2013all of us. it is a fully integrated transparentworld-class organization with all our that stakeholders, aspires InSustainability conclusion, thank Report you informative,for being one ofrel- our “Partners for sustainable excellenceoffering by benefitting both qualitative from the and advantages quanti- inevant Success” and as weuseful. hope you will enjoy reading our EQUATE of combining innovationtative and information, industrial expertise which withreflects the Sustainability Report 2014. competent human resources,innovation-based technological culture breakthroughs, we promote. Sincerely, rich feedstock, and valuableOur main infrastructure. objective in this period has Regards, been to unify and consolidate our EQUATE is fully committed to ensuring distinguished economic, environmental and social achievements for the benefit of all relevant stakeholders practices carried out by us. through sharing and leveraging best practices to guarantee Mohammad Husain solid partnerships for Inthe this optimum report, benefitwe share in Howour commit- Mohammad Husain President & CEO We Conduct Business,ments, Our Impact results on the andEconomies achievements President and CEO Where We Operate, Our Community, Environmental Stewardship, Our People and Quality in Our Operations, within and outside Kuwait. For example, during 2014 EQUATE has set a new world record in maintaining and updating petrochemical plants by finalizing a full-scale Turnaround (TA) within 30 days. With the participation of over 10,000 CEO’s LetterEQUATE Sustainability Report 2013 employees and contractors, EQUATE has realized the first of its kind international achievement by completing all operations within a record-time for petrochemical plants based on global standards. By “Making the Impossible Possible,” EQUATE has affirmed its abidance by all laws 6 EQUATE Sustainability Report 2014 About this Report The theme of this report “Making the Impossible G4-13 G4-18 G4-22 G4-23 G4-28 G4-29 G4-30 Possible” is inspired from the successful completion of EQUATE Turnaround (TA 2014) and the first phase of the polyethylene plant debottlenecking project. The TA took G4-31 G4-32 G4-33 place during November-December 2014 within a record time for petrochemical plants, based on global standards. EQUATE is proud to publish our fourth sustainability As an international achievement, this TA is a distinguished report. We are committed to publish our Sustainability milestone for EQUATE’s employees, shareholders and other Reports annually. All information in this report covers stakeholders. corporate data for the calendar year from 1 January EQUATE 2014 Sustainability Report chapters highlight our 2014 to 31 December 2014, unless otherwise stated. continued focus and efforts on enduring sustainability in The previous EQUATE Sustainability Report covered 2013 every aspect of our business operations. We have structured data. To learn more about EQUATE’s sustainability activities the report content around six key chapters: and previous sustainability reports, please do visit our link http://equate.com/en/Sustainability.html. Each year, EQUATE aims to provide its stakeholders with 1 2 a more comprehensive, transparent and informative sustainability report. The content of the 2014 Sustainability Report is developed against the guidelines of Global Reporting Initiative (GRI) G4 “in accordance” Core option. The GRI G4 principles are adopted for defining the report How We Conduct Our Quality in All Our quality and content. The report focuses on key material Business Operations environmental, economic and social topics highlighted through our stakeholders’ materiality assessment process. For more information, please refer to pages 24-26. 3 4 Through this report, EQUATE aims to cover all aspects of its operations in Kuwait, specifically in the head office in Salmiya and the company’s production activities in the Shuaiba Industrial Area, except the data
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