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Saudi Electricity Company (SEC) is a majority state-owned company headquartered in Riyadh, Saudi Arabia. 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 serves 10.9 million customers.
Summary
SEC discloses information on certain topics related to urban sustainability but lacks disclosure on many important aspects which would improve its performance. The company discloses a list of its most material sustainability impacts and has assigned responsibility to its board for the oversight and implementation of its environmental, social, and governance (ESG) goals. However, SEC can strengthen its governance by expanding its list of targets to cover all its material impacts, and by linking senior-level remuneration to performance on these targets to make sustainability consequential.
SEC reports thoroughly on its contribution to local economies, including the economic value generated in its locations of operation, the proportion of employees hired locally, and the proportion of spending on local suppliers. The company can add to its social sustainability efforts by reporting on the affordability of its services and strengthening its commitments to human and labor rights.
The company reports annually on its air pollution, scope 1 and 2 emissions, and water withdrawal, but is yet to demonstrate quantitative improvement in these metrics over time. The company should also report information on the concrete actions it takes to minimize these environmental impacts.
Ranking position
#102
/300
Total score
15.7
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
12.5
/100
Rank (0-300)
#89
Measurement area
Inclusive Cities
Score
# 1
40.0
/100
Rank (0-300)
#25
Measurement area
Healthy Cities
Score
# 1
9.4
/100
Rank (0-300)
#85
Measurement area
Climate Proof & Resilient Cities
Score
# 1
10.8
/100
Rank (0-300)
#98
Measurement area
Core Social Indicators
Score
# 1
5.6
/100
Rank (0-300)
#160
Industries
Industries
Energy distribution
#25
More about the company
Headquarters
Saudi Arabia
Ownership structure
Public
Revenue
USD 19,221 billion (2022)
Number of employees
32295 (2022)
Website
https://www.se.com.sa/en
63716
