The Pearl Initiative launched the Business Pledge calling upon Senior Business Leaders in the Gulf Region to make a public commitment to adhere to principles of ethical and responsible conduct when engaging with society by showcasing their best practices to unite students and business leaders to discuss the four pillars of Pearl Initiative's Business Pledge programme.
The Pearl Initiative team would like to thank the following organizations and individuals for their valuable input, time and engagement with our programme:
- Mr. Jaleel Ghani
- Prince Sultan University Staff and Faculty
- Prince Sultan University Students
The Pearl Initiative team would also like to extend their thanks to PepsiCo as funders of the programme, and is grateful for their continued support.
Event Location: SABIC Head Office, Riyadh
The Pearl Initiative held a collaborative event between SABIC and Al Ghurair University on March 20th in Riyadh.
The event was a Business Pledge session held as part of the Pearl Initiative's student engagement initiative, designed to provide students with the opportunity to engage with business leaders to learn more about the practical aspects related to implementing sustainability best practices.
The session was delivered by Mr. Jaleel Ghani, Regional Compliance Leader MEA at SABIC. Mr. Ghani discussed one of the four pillars of the Business Pledge titled 'Promoting Integrity'.
Mr. Ghani kicked off the session by giving the students a brief introduction of SABIC and then discussed their compliance framework and how it is embedded within their legal function. SABIC believes that compliance and ethics is the responsibility of a business and through this, SABIC has a culture based on integrity, devoted quality and innovation, being responsible for maintaining higher standards for their environment, health and safety, fair employment and sustainability.
SABIC's compliance framework lies in their Code of Ethics which covers four areas;
1) Global Environment
3) Protecting their assets
4) Compliance reporting
SABIC's employees are asked to abide by their Code of Ethics which requires them to be honest, trustworthy and to obey the law. Mr. Ghani mentioned that most companies in the Gulf Region have a Code of Conduct, but this is something that has not been embedded into their culture, all of SABIC's employees have to undergo a training on the policies contained in the Code of Ethics.
Mr. Ghani concluded the session by considering the benefits of having compliance and integrity practices which are a) boosting employee performance b) attracting and retaining talent and building trust among employees.