Alkhorayef: Major Saudi Companies Excel in Implementing Social Responsibility

The Minister of Industry and Mineral Resources speaks at the International Social Responsibility Forum. (Asharq Al-Awsat)

Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, emphasized that corporate social responsibility (CSR) is a key tool for connecting companies with their communities, highlighting the success of major firms like Aramco, SABIC, and Ma’aden, which have demonstrated this approach through various development projects across the Kingdom.
Alkhorayef made these remarks during a panel at the inaugural International CSR Forum, held under the patronage of King Salman bin Abdulaziz, as part of the Vision 2030 initiative aimed at promoting social responsibility by advancing the Kingdom’s development sector.
The minister clarified the fundamental difference between social responsibility and environmental, social, and governance (ESG) standards, noting that CSR is inherently voluntary, whereas ESG entails compliance with environmental and social regulations.
He underscored the importance of partnerships between governments and the private sector in implementing CSR projects, pointing out the government’s role in providing a supportive regulatory environment.
Alkhorayef noted the evolution of CSR over time, with companies now exploring innovative ways to contribute to society, focusing on sustainability and digital transformation. He also highlighted the role of the mining sector in advancing Vision 2030 goals, as it contributes to sustainable development and job creation.
The minister emphasized the importance of technology in making the mining sector more efficient and safe, helping position it as a crucial third pillar of the national economy.
The forum aims to showcase the achievements of CSR partners and offers a comprehensive program that highlights successful case studies locally and internationally. It facilitates interaction among participants, promotes knowledge-sharing, and provides insights into adopting global sustainability policies, with over 40 panel discussions led by more than 100 experts from 60 countries.