JEDDAH: Saudi Arabia has launched a non-profit association to help industrial and mining enterprises adopt top sustainability, social responsibility, and governance standards, supporting the Kingdom’s economic growth.
The Ministry of Industry and Mineral Resources announced the establishment of the association to raise awareness among industrial and mining enterprises and support their adoption of sustainable and responsible business practices.
Saudi businesses are increasingly embracing environmental, social, and governance principles to drive sustainable growth, in alignment with Vision 2030 and the Kingdom’s target of achieving net-zero emissions by 2060, reinforcing its position as a regional leader in sustainability.
“The initiative also aims to increase the sector’s contributions and its direct impact on the gross domestic product of the national economy, in line with the objectives of Saudi Vision 2030,” the ministry said in a statement.
The press release noted that the undertaking is part of the ministry’s broader efforts to empower non-profit organizations in the industry and mining sectors, underscoring its belief in their role in advancing economic and social development in the Kingdom.
It added that the association will undertake specialized campaigns, implement guidance programs, and hold workshops focused on ESG indicators, and that the establishment aligns with the ministry’s efforts to strengthen the non-profit sector and enhance its role in the industry and mining sector.
