Company Directory - Saudi Basic Industries Corporation
Company Details - Saudi Basic Industries Corporation
Saudi Basic Industries Corporation
WebsiteRiyadh, Saudi Arabia
A global leader in the chemicals sector, SABIC is headquartered in Saudi Arabia and is known for its diverse portfolio in petrochemicals, fertilizers, and other chemical products.
CCI Score
CCI Score: Saudi Basic Industries Corporation
26.08
-0.01%
Latest Event
SABIC Lobbying Activity and Political Influence
Analysis of SABIC’s documented meetings with EU officials as listed on LobbyFacts, which highlights the company’s involvement in political lobbying activities. This raises concerns about its political influence and potential complicity in supporting authoritarian practices given its ties to state-controlled entities.
Take Action
So what can you do? Support SABIC by shopping, spreading the word, or offering your support.
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
DISSENTER
Saudi Basic Industries Corporation is currently rated as a Dissenter.
Latest Events
- JUL012024
Analysis of SABIC’s documented meetings with EU officials as listed on LobbyFacts, which highlights the company’s involvement in political lobbying activities. This raises concerns about its political influence and potential complicity in supporting authoritarian practices given its ties to state-controlled entities.
-40
Political Contributions and Lobbying Efforts
March 19
SABIC’s record on LobbyFacts indicates multiple meetings with high-level EU officials, suggesting active political lobbying. This behavior is concerning from an anti-fascist perspective as it may contribute to undue political influence and collaboration with authoritarian regimes, especially given SABIC’s ownership ties with state-controlled enterprises. The lack of transparency in such engagements fuels skepticism about the company’s commitment to ethical political practices.
- JAN012024
SABIC has unveiled a new supplier screening methodology, effective from 2024, that enforces strict sustainability, ethical procurement practices and safeguards safe working conditions, anti-corruption, and human rights standards in its global supply chain. The policy also promotes the localization of supply chains by supporting SMEs and Saudi companies.
+70
Labor Relations and Human Rights Practices
March 19
SABIC's procurement policy emphasizes safe working conditions and adherence to human rights, as demonstrated by its Supplier Code of Conduct. These measures indicate a commitment to ethical labor relations, which is a positive step in mitigating worker exploitation and improving human rights standards in its supply chain.
+80
Supply Chain Ethics
March 19
The introduction of a new screening methodology for suppliers, effective from 2024, enforces stringent sustainability criteria and ethical sourcing practices. This approach strengthens overall supply chain ethics by ensuring that all suppliers meet SABIC's high standards for quality, technical, EHSS, and social responsibility.
- JAN012024
SABIC issued a conflict minerals statement reaffirming its commitment to ethical supply chain practices and adherence to human rights standards among its suppliers. The statement outlines due diligence measures to ensure that suppliers do not use conflict minerals that finance armed groups or contribute to human rights abuses.
+85
Supply Chain Ethics
March 19
SABIC's Conflict Minerals Statement details a robust due diligence process where suppliers are vetted to ensure that materials such as tin, tungsten, tantalum, or gold do not originate from conflict regions. This transparency strengthens supply chain ethics and reduces the risk of funding armed groups, aligning with anti-authoritarian and human rights-respecting practices.
+70
Labor Relations and Human Rights Practices
March 19
In addition to supply chain transparency, the statement reinforces SABIC's commitment to upholding human rights through its Supplier Code of Conduct. This code emphasizes ethical labor practices including anti-corruption measures and vigilance against child labor and human trafficking, which supports fair labor relations.
- JAN012024
Sabic Innovative Plastics, a division of Saudi Basic Industries Corporation, raised $14,785 via a PAC during the 2023-2024 election cycle. This contribution raises concerns over corporate influence in US politics, potentially supporting authoritarian agendas given SABIC's ties to an authoritarian regime.
-40
Political Contributions and Lobbying Efforts
October 1
The political action committee profile indicates that Sabic Innovative Plastics contributed $14,785 in the 2023-2024 election cycle. Such monetary influence in political fundraising is concerning from an anti-fascist standpoint as it can be leveraged to sway political agendas in favor of authoritarian policies. Given SABIC's background and connections to an authoritarian state, this contribution is viewed negatively.
- OCT012023
SABIC highlights its commitment to human rights through its Fair Employment Practices Policy integrated in its Code of Ethics. The policy underscores a culture of respect, non-discrimination, and regular employee training, ensuring fair treatment and safe working conditions.
+80
Labor Relations and Human Rights Practices
March 19
SABIC's articulated Fair Employment Practices Policy and emphasis on human rights training demonstrate a robust approach to ensuring worker rights and fair labor practices within its operations. This internal commitment contributes positively towards ethical business practices, supporting resistance against authoritarian labor exploitation.
Alternatives
Rotterdam, Netherlands
-2.04
Midland, USA
-25.34
Seoul, South Korea
5.73
Corporation
16.42
Corporation
-15.16
Taipei, Taiwan
19.76
Mumbai, India
-48.13
Corporation
-34.69
Barcelona, Spain
57.57
France
0.00
Industries
- 324110
- Petroleum Refineries
- 325110
- Petrochemical Manufacturing
- 325120
- Industrial Gas Manufacturing
- 325190
- Other Chemical Manufacturing