Commenting on the company’s participation in the forum, EQUATE Group president and CEO, Dr Ramesh Ramachandran, said: “On behalf of EQUATE, I extend our sincere gratitude to the General Secretariat of the Supreme Council for Planning and Development for choosing our company to represent the State of Kuwait at the forum. We are proud at EQUATE of the milestones we have achieved in our Sustainability Strategy and in partnership with public and private organisations around the world.”Speaking on behalf of the company was senior executive for corporate communications and government affairs, Dr Abeer Al-Omar, who is a member in the Permanent National Guiding Committee of the State of Kuwait.
Dr Al-Omar said: “We believe that the long-term growth of any organisation is interlinked with sustainability, this is why we have aligned our strategy with the UN Sustainable Development Goals and the New Kuwait 2035 vision, aiming to contribute to economic welfare, social wellbeing and environmental preservation.”Economically, EQUATE Group contributes to over 60% of Kuwait’s export and economic growth value from non-oil sources, and invested over $1bn in the past five years in the local private sector and a similar amount in payrolls, funnelling it back into the economy.
In terms of solutions and innovations, EQUATE established Kuwait’s first CO2 recovery plant, and invested in its own innovations, such as Viridis 25, a new plastic bottle that uses up to 25% recycled plastic, which will be commercially available in the next couple of months.From its long-standing commitment to environmental preservation, EQUATE joined forces with ‘The Alliance to End Plastic Waste’ on 8 July to end plastic waste by promoting infrastructure, education and engagement, innovation, and clean-up efforts. The company also gives equal importance to life on land and under water through its tree-planting initiatives in China and the conservation of the Ellis Bird Farm in Canada.
In terms of social sustainability, the company has also pledged commitment to the United Nations (UN) Women’s Empowerment Principles (WEPs) statement and subsequently launched its ELEVATE programme, which promotes gender equality, in addition to investing in education and development of engineers.For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.