Environmental, Social and Governance

Environmental, Social and Governance

Our Promise

Committed to Environmental, Social and Governance

Sustainable development is crucial for our business success. As a manufacturing company, we recognize our responsibility to minimize negative impacts on people and the environment while maximizing positive contributions. This includes supporting communities, creating more jobs, conserving natural resources and ecosystems, and contributing to sustainable cities and communities.

Our Commitment to ESG

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Our commitment to Environmental Sustainability

We are committed to minimizing our environmental footprint through initiatives aimed at resource efficiency, carbon emissions and waste reduction. Recently we have been increasingly focused on reuse and recycling of by-products and package materials in our production facilities. We also have ongoing efforts on finding suitable solutions for glass fiber waste, working along industry partners and associations. Our approach to energy management involves managing and reducing energy consumption, implementing energy-efficiency measures and embracing renewable energy sources across our operations. Currently, 8% percent of our electricity comes from renewable sources. Our 2 MWp solar PV installation at Dubai manufacturing site generated 3,172 MWh in 2023. We are set to install solar panels installation at two additional facilities in Abu Dhabi, UAE and Dammam KSA and elevate the share of renewable energy to 15%.

Our commitment to Safety

Our dedicated global Health, Safety & Environment teams are promoting safety and wellbeing as a value, ensuring safe operations and environmental compliance across our corporate and production facilities in all locations.

Unveiling our Sustainability Strategy

Our sustainability strategy is shaped by our material topics, reflecting broader perception of value and diverse perspectives of our stakeholders. Anchored in the Ten Principles of the UN Global Compact and the UN Sustainable Development Goals our approach is holistic and balanced, recognizing interdependency of all sustainability elements. We also see a close link between the business strategy and sustainability strategy; financial performance and ESG performance. This is why we encourage “thinking ESG” in everything we do and aim at integrating sustainability into strategic decision-making, financial planning, risk management and daily operations. Understanding social, environmental and financial impacts of our decisions, relationships and business activities is the key to bridging the gap between ESG strategy and its successful implementation. Our strategy is supported by Climate and Nature-related Risk and Opportunities assessment and ensured by our ESG governance, including policies, compliance, standard operation procedures, stakeholder engagement and regular reporting. Our progress is measured and traced though the use of sustainability metrics and KPIs, inspired by and adapted from international reporting frameworks, such as GRI, WEF BC, S&P Global Hawkamah Index and the IFRS.

Investing in 6 capitals

We believe that the value created by our organization is linked to other stakeholders, society and the environment. By leveraging the IFRS framework’s six capitals: Financial, Manufactured, Intellectual, Human, Social and Natural – we invest in technical capacity, people capabilities, fostering the culture of ownership and safety and preserving natural resources for long-term success.

Partnerships for the goals

We believe in collaborations and strategic partnerships for leveraging effective solutions and achieving our common sustainability goals. Looking ahead, we are committed to deepening our engagement with key stakeholders, including employees, customers, suppliers, communities, industry partners, NGOs and governmental organizations. These collaborative partnerships focused on support, knowledge and best practice sharing, research and development will create new opportunities and drive sustainability across our operations and our supply chain.

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Environmental Social Governance Policy Statement

Future Pipe Industries Group (FPIG) recognizes the importance of conducting business in a sustainable and socially responsible manner. This Environmental, Social, and Governance (ESG) policy outlines our commitment to the Ten Principles of the UN Global Compact and the UN Sustainable Development Goals and integrating ESG principles into our operations and decision-making processes to promote healthy and inclusive workplaces, community benefits, environmental stewardship and sound corporate governance. The ESG Policy and its supporting governance are applicable to all FPIG globally without any exception.

Our Commitment to Environment and Climate Action

Our Commitment to Social Responsibilities

Our Commitment to Governance

Download ESG Policy

ESG Policy 2024

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