Mgt 630 Company's Commitment To Sustainability Sabic

Sabic Company’s Commitment to SustainabilityStudent NameCourseDateInstructorAbout SABICFounded in 1976 by royal decree, (Steffen, 2008) Saudi Basic Industries Corporation (SABIC) is a Saudi Arabian based company that ranks among world’s top petrochemical organizations. SABIC produces advanced glycols, thermoplastics, methanol, and fertilizers such as polyethylene and polypropylene. In 2011, the company recorded a net profit of US$7.80 billion with sales revenues totaling US$50.64 billion. The company’s businesses are grouped into fertilizers, polymers, chemicals, metals, performance chemicals, and innovative plastics. The company’s focus on research is evidenced by its 16 dedicated Technology and Innovation facilities located in KSA, USA, South Korea, India, Spain, Japan, and the Netherlands. SABIC is based in Riyadh and shows partial and full interest, in terms of ownership, in 17 affiliated companies. SABIC has more than 35,000 employees worldwide through business operations across in more than 50 nations. However, the main innovation hubs are located in USA, Europe, Middle East, South East Asia as well as North East Asia. In 2013, Sabic ranked as the 4th largest chemical producer in the world. Today, the company ranks second among the world’s largest