In support of the wider Saudi Arabian targets, Luberef is in the process of developing a strategy,that aims to achieve net zero Scope 1 and Scope 2 emissions by 2050G. We know that, as a base oil producer, we have a lot of work to do to achieve this goal. Nevertheless, we are committed to playing our part in addressing climate change.
We will continue to monitor and report on our progress going forward.

As a critical input for many industries, our products impact millions of lives around the world. That’s why it is important that we seek to have a positive impact on society, while minimizing the negative impacts on the environment through careful management of our production processes and outputs. We were pleased to be recognized by Saudi Aramco’s President’s Awards in 2021G for some of our work in this area, Most Improved in Energy Intensity.
We will continue to seek to identify ways to improve as part of our ongoing sustainability efforts.

Our team brings together diverse experience and fresh perspectives to help our business thrive, with 27% of employees under 30, 56% between the ages 30 to 50 and 17% over 50. In a traditionally male dominated industry, we are also aiming to strengthen female representation at all levels of our business, from the boardroom – where we currently have one female non-executive director - all the way through to entry-level positions. We also run talent development programs for people with disabilities, including work customization programs and summer training programs.

As a business and a corporate citizen, we believe we can make a real difference to the Kingdom of Saudi Arabia and our people. Whether in fostering our talented and diverse workforce, driving our industry forward or ensuring that sustainability is central to our purpose, in line with Saudi Vision 2030, Luberef is proud to contribute to making that vision a reality.

We see ourselves as a vital partner to the communities where we operate. It is our aim to contribute to the ongoing development of these communities, by providing financial and practical support focused on promoting education, health and economic development.

We are on a journey to create our ESG framework in order to ensure we have an effective roadmap for delivery of our ESG commitments. We will continue to provide updates on our progress going forward.