Saudi Aramco released its latest sustainability report covering climate change and energy transition, safe operations, growing societal value, and minimizing environmental impact. The report details CSR initiatives to meet oil and gas demands while minimizing environmental effects, align with industry standards, and maintain leadership with low hydrocarbon footprints. Aramco recognizes stakeholders play an important role and aims for transparency and inclusiveness. CSR projects include providing desalinated water, improving safety, and developing education programs. However, some criticize Aramco for reserves that could be burned until 2077 and increased fossil fuel production.

1. SAUDI ARAMCO CSR
STUDENT NAME

2. INTRODUCTION:
Saudi Aramco has released its latest Sustainability
Report, covering four important sections:
• climate change and the energy transition
• safe operations and people development
• growing societal value
• minimizing environmental impact.
The company reiterated its commitment to downstream
integration and investing in chemicals.

3. CSR INITIATIVE:
• Saudi Aramco is committed to meet the higher oil and
gas demands while trying to minimize the negative
effects on environment.
• It is aligning its targets with several industry
standards.
• Aramco wants to maintain its leadership in energy
market with one of the lowest footprint of
hydrocarbons

4. CSR AND STAKEHOLDERS:
• Corporate social responsibility grants stakeholders a
far more important role than before.
• ARAMCO task is to ensure transparency and
an inclusive approach to stakeholders.
• A company’s prosperity depends partly on creating
shared added value.

5. CSR PROJECTS:
• Two projects completed to provide de-salinized water to
their plants.
• The number of serious accidents in blackspots decreased
due to various safety procedures .
• Altamayyuz Academy, to create an academy to educate the
Kingdom’s future finance leaders.
• Namaat Program, focusing on building capacity in four key
sectors: sustainability, technology, industrial & energy
services, and advanced materials.
• Young Leaders Advisory Board (YLAB) program serves as
a bridge between the youth of Aramco and executive
management.
• Many others….

6. SOME CRITICISMS:
• Aramco’s proved reserves could be
burned until 2077.
• Listing of fossil fuel exploration and
evaluation assets of $5.6 billion in 2020.
• Fossil fuel production increased from 12
million barrels of oil per day to 13
million.

7. CONCLUSION:
• Aramco is undertaking numerous projects to
improve its negative effects on climate.
• It can further improve its images amongst the
western countries by being transparent and by
showing more efforts.
• In real life action speaks more than word, and
the same hold true for Aramco

8. REFERENCES:
• Argaam (n.d.). Saudi Arabian Oil Company | Saudi Aramco | TADAWUL | TASI |
Argaam. https://www.argaam.com/en/tadawul/tasi/saudi-aramco
• Wikipedia contributors. (2023). Saudi Aramco. Wikipedia.
https://en.wikipedia.org/wiki/Saudi_Aramco
• Aramco. (2022, November 18). ClientEarth.
https://www.clientearth.org/projects/the-greenwashing-files/aramco/
• The Editors of Encyclopedia Britannica. (2023, April 16). Saudi Aramco |
Company, History, & Facts. Encyclopedia Britannica.
https://www.britannica.com/topic/Saudi-Aramco