Environmental, Social and Governance (ESG)
About
At Algihaz Holding we are proud to manage our operations responsibly and, in a similar vein, we seek responsible investment. As such, we have developed and are in the process of implementing a robust and systemic approach to ESG at the corporate level.
This includes a framework for our investment activities to ensure that we continue to achieve sustainable growth while conserving resources for our planet and making a positive impact for all those in our communities. Our ESG values are developed as follows:
- The identification, assessment and responsible management of ESG risks and opportunities is essential to the sustainable long-term development of our assets and the communities in which they operate.
- ESG considerations are embedded within our investment decision-making approach and the asset management governance that inform the way in which our portfolio companies assess and improve their performance.
- We partner with our portfolio investments to share best practice and drive positive change. We seek to improve working conditions, minimize environmental impact and preserve the cultural heritage of the communities in which we invest.
Giving back to the community
Contribution to our community is an important part of our culture. We continually strive to fulfill our commitments through the collaborative efforts of the Algihaz board, our employees, along with our customers. Together we work to improve the quality of life in our communities through educational, social, cultural, environmental and economical outreach and development.
Research Olive Chair contribution
Signing ceremony of Sheikh Saeed Bin Ali Al-Angari “Research Olive chair” construction contract in AlBaha University.
This project provided a comprehensive report on vegetation mapping that was a base for the next phase of the inventory and mapping of wild olive trees in the region of Al-Baha, Saudi Arabia. This research formed an important part of understanding how to preserve and foster wild olive trees in their native environment.
