Saudi Aramco slashes supply chain emissions by 23% since 2015, chairman reveals

Saudi Aramco slashes supply chain emissions by 23% since 2015, chairman reveals

RIYADH: The Saudi Arabian Oil Co., also known as Saudi Aramco, has reduced material and logistics supply chain emissions by 23 percent since 2015, the chairman Yasir Al-Rumayyan revealed in an exclusive interview with Arab News. Aramco’s iktva program is playing a key role in helping the oil giant achieve its long-term sustainability goals by making sure that its suppliers are evaluated and rewarded for their local environmental, social and governance contribution. “Sustainability has always been part of the iktva model. We are embracing new technologies, harnessing the Circular Carbon Economy framework and empowering people to enhance our sustainability and reduce our environmental impact,” said the Aramco chairman. “It’s worth noting that our material and logistics supply chain Scope 1 and 2 emissions have been reduced by 23 percent since 2015,” he added. Scope 1 emissions refer to the direct emissions from owned or controlled sources, whereas Scope 2 emissions relate to the indirect emissions that come from the generation of electricity, steam, heating, and cooling used by a firm. As well as having an impact on sustainability, iktva also plays a role in backing the growth and development of the local economy, Al-Rumayyan noted. As of today, Aramco has