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Saudi Electricity Company (SEC)

Saudi Electricity Company (SEC) is a majority state owned company headquartered in Riyadh, Saudi Arabia. In 2020, its revenue was USD 18.3 billion and installed capacity was 53 GW. SEC is the biggest producer of electricity in Saudi Arabia and has a monopoly on the transmission and distribution of electric power in the Kingdom. The company plans to phase out liquid fuels, currently accountable for a half of its generation, by 2030.

Ranking position
#31/50
Total score
24.8/100
Performance score
5.4/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

#1 1.5 / 4 #28

Material Investment

#1 2.5 / 7 #16

Intangible Investment

#1 0.0 / 2 #20

Management

#1 0.6 / 4 #45

Policy Engagement

#1 0.1 / 1 #47

Business Model

#1 0.8 / 2 #27

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

SEC receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Projected annual decrease in emissions intensity between 2020 and 2025 is 2%. To align with its 1.5°C pathway, the company needs to decrease its emissions intensity by 6% annually. Based on projected emissions, SEC will exceed its carbon budget by 44% by 2035. Without a strong transition plan, more ambitious targets, and greater investment in renewables and innovation, SEC will most likely deviate further from a 1.5°C pathway.

Progress towards the Paris Agreement

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
Riyadh, Saudi Arabia
Group revenue (2020)
USD 18.3 billion
Ownership
Publicly listed, with 81.22% owned by the government of Saudi Arabia
Installed capacity (2020)
53.0 GW
Website
https://www.se.com.sa

This company is part of the SDG2000, the 2.000 most influential companies

See company profile