Our ESG framework
In 2021, we conducted an extensive stakeholder survey to produce a comprehensive materiality assessment, which helped us identify the most material topics and will be updated this year.
We supplemented our initial materiality assessment by referencing it with the GRI reporting standards, as well as industry best practice.
The materiality assessment helped us to identify our core ESG focus topics and indicators, which include climate change, water, health and safety and governance, and to develop our ESG framework accordingly.
We see materiality as dynamic and want to ensure agility in our ESG strategy and framework development. It was important to ensure we have dedicated experts working towards implementing the framework with cross‑functional working teams set up to implement the initiatives.
Our stakeholder requirements and regulatory landscape are constantly evolving and we review and update our ESG strategy and framework accordingly.
Our framework illustrates the alignment of our focus areas with Saudi Vision 2030 and our selected United Nations’ Sustainable Development Goals.
ACWA Power’s contribution to Saudi Vision 2030 and SDGs
Environment
Social
Governance
Saudi Vision 2030
United Nations’ SDGs
Core
Supportive
