Corporate Social Responsibility: A New Era of Giving Back
In the past, the corporate world was solely focused on profits, but now a new era of giving back to the community is emerging. The concept of corporate social responsibility (CSR) is gaining momentum in the business sector, with companies aiming to balance profitability with societal impact. Saudi Arabia is no exception to this global trend.
Leading the Way in CSR
Companies like the Saudi Basic Industries Corp. and ROSHN, a prominent real estate developer backed by the Public Investment Fund, are setting the bar high with their innovative CSR initiatives. These companies are not just focused on making money but also on creating social, environmental, and economic value in the communities where they operate.
SABIC’s Global Commitment
SABIC, for example, has a long-standing reputation for investing in CSR programs that have a positive impact on its global communities. Through its strategic tool, RAISE, the company focuses on areas like science and technology education, environmental protection, health and wellness, and water and sustainable agriculture. These efforts align with SABIC’s 2025 strategy and Saudi Arabia’s Vision 2030.
Education Initiatives
SABIC’s Global Initiative for Education and Innovation, launched in partnership with organizations like Junior Achievement and INJAZ Saudi Arabia, has reached over 128,000 students worldwide. The company’s focus on education is just one way it aims to improve the quality of life in communities.
HIGHLIGHT
SABIC’s CSR programs have made a significant impact, reaching over 338,000 people in 27 countries through 121 global initiatives. The company’s commitment to environmental protection and sustainable agriculture is also evident in its efforts to address climate change and support Saudi marine life.
ROSHN’s Impact on Quality of Life
ROSHN, the leading real estate developer, is dedicated to enhancing the quality of life in the Kingdom through its YUHYEEK CSR program. With a focus on social development, environmental sustainability, education, public health, and arts and culture, ROSHN aims to revitalize Saudi communities and make a positive impact.
Cultural and Philanthropic Pursuits
Through partnerships with organizations like the Ministry of Culture and the Zahra Breast Cancer Association, ROSHN is promoting cultural events and supporting important causes. The company’s efforts to renovate homes, sponsor health clinics, and plant trees are just some examples of its commitment to philanthropy and community development.
Expanding Horizons
Looking ahead, companies like ROSHN are expanding their CSR reach by sponsoring sports events, supporting education initiatives, and promoting a vibrant society as envisioned by Saudi Vision 2030. By embracing all aspects of well-being, these companies are working towards a brighter future for all.