QATAR: Minister of Energy, Dr. Sada awarded six companies for excellence in sustainability performance …

Doha / QATAR: HE the Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada launched the sector’s 2012 sustainability report yesterday and awarded six companies for excellence in sustainability reporting and performance in 2012.

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HE al-Sada with top executives of the six companies that have won awards in
various categories for excellence in sustainability reporting and performance

The third edition of the event, which was held at the Qatar National Convention Centre (QNCC), provided an important opportunity for the sector to take stock of the progress being made in the adoption of sustainable development principles and to reaffirm its commitment to current and future sector-wide programmes.

Among the winners in various categories were RasGas, Qafco, MPower, Qafac, Qatargas and QVC. In his keynote address, al-Sada hailed the sector’s commitment to sustainable development, and said it has had a positive impact on Qatar’s position as an energy leader.

“This significant effort has also helped align the industry with Qatar’s National Vision 2030 and the National Development Strategy, both of which were guided and launched by HH the Emir, Sheikh Tamim bin Hamad al-Thani.

“This report consolidates the remarkable progress of this initiative in driving sector-wide performance and transparency.”

He expressed confidence that this year’s report and awards “will be another stepping stone towards achieving our future direction of recognising progressive sustainability performance.”

Al-Sada congratulated participants and called for “collective effort by the entire spectrum of the energy and industry sector to achieve higher levels of commitment to sustainability, performance, and innovation.”

This year’s event also featured an exhibition area where all the 35 participating companies had the opportunity to showcase their sustainability projects as well as present their company-level sustainability reports.

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During the event, the video “The foundation of lasting success” was also screened for the first time, showcasing the sector’s commitment and success stories related to sustainable development (SD), corporate social responsibility (CSR) and industry best practices in health, safety and the environment (HSE).

The event also saw the official launching of the logo of the Qatar Energy & Industry Sector Sustainability Report. To complement the SDIR programme, QP’s HSE Regulations and Enforcement Directorate developed over the past year the sustainability awards programme to recognise high-quality sustainability reporting and performance.

All the 35 companies that submitted their sustainability reports automatically qualified for the award scheme. This year, an independent judging panel made up of world-renowned sustainable development experts assessed the reports, and the judging process was managed by Ernst & Young.

For excellence in sustainability reporting, RasGas was the winner among organisations with more than 500 employees and the runner-up was Qatar Fertiliser Company (Qafco). Among organisations with less than 500 employees, the winner was Mesaieed Power Company (MPower) and the runner-up was Qatar Fuel Additives Company (Qafac).

For excellence in performance related to the 2012 SDIR focus areas. Qatargas was the winner among organisations with more than 500 employees and Qatar Vinyl Company (QVC) was the winner among organisations with less than 500 employees.

Implemented for the past three years, the SDIR Programme has become a key mechanism for supporting the sector’s implementation of sustainability. Based on the premise of what gets measured and managed, the programme has focused on both company-and sector-wide reporting of economic, environmental and social performance, and rewarding of good practice.

Commenting on the future of the SDIR programme, Saif al-Naimi, director, QP’s HSE Regulations and Enforcement Directorate, said: “This year, the sector has risen to the challenge of achieving higher levels of disclosure by a larger number of companies, while also producing the report much earlier than in previous years. Areas of particular improvement include higher data quality, greater performance insights, improved timeliness and expanded coverage.

“Participation in the SDIR programme has increased from 33 to 35 companies. The number of companies reporting on more than 75% of the indicators has also increased, from 14 to 25. Overall coverage of all 33 SDIR indicators was 83% in 2012, enabling us to discern emerging trends and identify areas of strength and weakness for the sector as a whole. It also provides useful comparative information on performance for each reporting company,” he added.

Sources: Gulf Times, Reuters,  The Peninsula, Caye Global News

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