RAK Ceramics publishes its Environmental, Social and Governance report for 2022
Ras Al Khaimah, United Arab Emirates, July 2023: RAK Ceramics published its Environmental, Social and Governance (ESG) report for the year 2022, documenting the company’s achievements in the realm of sustainability and social responsibility. This comprehensive report presents the outcomes of the set objectives for the year and outlines the aspirations and goals for the future.
RAK Ceramics operates through four core segments: Tiles, Sanitaryware, Faucets, and Tableware. Each department takes ownership of sustainability within its domain and implements focused initiatives. The tiles department reduced electricity consumption by 9 per cent, fuel consumption by 4 per cent, and electricity consumption by 6 per cent per square meter. Additionally, sustainability and innovation in product development was exemplified by their latest creation, Orbit 3Rs. These high-performance tiles are manufactured with up to 95% recycled materials from ceramic tile production waste, embracing the reduce, reuse, and recycle concept. In the sanitaryware department, Rak Ceramics improved combustion efficiency, while energy intensity decreased by 10.5 per cent in tableware production.
The report's key highlights also demonstrate RAK Ceramics' success in reducing its environmental impact, notably through the replacement of two heavy fuel oil engines in the power plant with natural gas. This strategic move resulted in a remarkable improvement in efficiency, raising it from a previous range of 27-31 per cent to an impressive 75-90 per cent. The upgrade minimised natural gas consumption, and substantially reduced associated emissions, contributing to a more sustainable and eco-friendly manufacturing process. This year, the company aims to upgrade its procedures and policies to attain the ISO 50001 certification.
Significant achievements in regard to social responsibility, includes an 8 per cent increase in the Emiratization rate for administrative functions and 30 per cent representation of women among administrative employees. The company also made noteworthy progress in hiring youth, with 60 per cent of new recruits being under the age of 30.
With regard to corporate governance, RAK Ceramics’ primary objective last year was to maintain strict adherence to the relevant laws of the United Arab Emirates, as well as the regulations governed by the Securities and Commodities Authority (SCA), the Abu Dhabi Securities Exchange (ADX), and the company's Articles of Association (AoA). Regular updates to the company’s policies were made, reflecting its unwavering commitment to uphold the rights of all stakeholders while embracing the highest standards of governance, ensuring transparency and integrity in all our dealings and disclosures.
Commenting on the success of ESG objectives in 2022, Abdallah Massaad, Group CEO of RAK Ceramics said, “During 2022, we achieved many significant sustainability goals, including increased energy efficiency, conserving natural resources, and implementing eco-friendly solutions across our entire value chain, while ensuring that our employees work in safe environments that foster diversity and inclusion. Our governance framework is designed to ensure we operate ethically and transparently, while maintaining a culture of accountability and responsibility that aligns with our long-term strategy and vision.
In the lead up to COP28 in UAE, our sustainability targets are set in light of the long-term strategic priorities of the Group, to be achieved by managing the environmental impact of the activities. We are more committed than ever in our efforts to become a regenerative company, one that puts humanity and nature at the center of our business practices.”
For more information, visit www.corporate.rakceramics.com
About RAK Ceramics
RAK Ceramics is one of the largest ceramics’ brands in the world. Specialising in ceramic and gres porcelain wall and floor tiles, tableware, sanitary ware and faucets, the Company has the capacity to produce 118 million square metres of tiles, 5.7 million pieces of sanitary ware, 26 million pieces of porcelain tableware and 2.6 million pieces of faucets per year at its 23 state-of-the-art plants across the United Arab Emirates, India, Bangladesh and Europe.
Founded in 1989 and headquartered in the United Arab Emirates, RAK Ceramics serves clients in more than 150 countries through its network of operational hubs in Europe, Middle East and North Africa, Asia, North and South America and Australia.
RAK Ceramics is a publicly listed company on the Abu Dhabi Securities Exchange in the United Arab Emirates and as a group has an annual turnover of approximately US$1 billion.
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