Sustainability

Sustainablility

Ramat is committed to advancing sustainable practices across all aspects of our operations. Our sustainability policy is designed to ensure environmental stewardship, social responsibility, and economic viability, reflecting our dedication to a better future.

Introduction

Purpose

Ramat Inc., a leader in ICT, Construction, Infrastructure, Operation and maintenance, and Urban Development, is committed to advancing sustainable practices across all aspects of our operations. Our sustainability policy is designed to ensure environmental stewardship, social responsibility, and economic viability, reflecting our dedication to a better future.

Scope

This policy applies to all sectors of our business, including ICT, Construction, Infrastructure, Operation & Maintenance, and Urban Development, and is integral to our operations in Riyadh, Saudi Arabia, and beyond.

Environmental Sustainability

Resource Efficiency

Objective: To reduce our resource footprint by 25% over the next five years.
Strategies:

Implement energy-efficient technologies in our offices and project sites.
Optimize water usage through innovative conservation techniques.

Carbon Footprint Reduction

Objective: Achieve a 30% reduction in carbon emissions by 2030.
Strategies:

Transition to renewable energy sources for our operations.
Promote the use of electric vehicles for company transportation.

Waste Management

Objective: Attain a recycling rate of 50% for our construction waste by 2025.
Strategies:

Implement a construction waste recycling program.
Partner with recycling facilities to manage waste effectively.

Biodiversity and Ecosystem Protection

Objective:No net loss of biodiversity in new development projects.
Strategies:

Conduct environmental impact assessments for all new projects.
Develop biodiversity action plans for sensitive areas.

Social Responsibility

Community Engagement

Objective: Enhance community well-being in areas we operate. Strategies:

Engage in community development projects.
Support local initiatives and charities.

Employee Wellbeing

Objective: Achieve a workplace satisfaction score of over 80%. Strategies:

Implement flexible working arrangements.
Provide comprehensive health and wellness programs.

Ethical Business Practices

Objective: Maintain 100% compliance with ethical standards. Strategies:

Conduct regular ethics training for all employees.
Establish a transparent grievance mechanism.

Economic Sustainability

Long-term Viability

Objective: Ensure sustainable profitability and growth. Strategies:

Engage in community development projects.
Support local initiatives and charities.

Employee Wellbeing

Objective: Achieve a workplace satisfaction score of over 80%.
Strategies:

Diversify business portfolio to reduce risk.
Invest in sustainable technologies and practices.

Sustainable Growth

Objective:Grow sustainably while minimizing environmental impact
Strategies:

Integrate sustainability considerations into business decisions.
Explore opportunities in green markets.

Risk Management

Objective: Proactively manage sustainability-related risks.
Strategies:

Regularly assess environmental, social, and governance risks.
Develop and implement risk mitigation strategies.

Implementation and Monitoring

Action Plans

ICT Sector: Implement server virtualization to reduce energy consumption.
Construction Sector: Use sustainable building materials in 50% of projects by 2025.

Performance Metrics

Key Performance Indicators (KPIs): Resource usage, emission levels, waste recycled, employee satisfaction scores, etc.

Regular Reporting

Annual Sustainability Report: To be published and shared with stakeholders.

Continuous Improvement

Feedback Mechanism

Employee and Stakeholder Surveys: Conducted bi-annually to gather feedback on sustainability practices.

Regular Policy Review

Annual Review: To update the policy in line with new sustainability trends and technologies.

Compliance and Standards

Legal Compliance

Commitment: Adhere to all local and international regulations concerning environmental and social practices.

Industry Standards

Objective: Achieve or surpass industry standards in sustainability.