EQUATE Supports sustainable development and perorate about Plastic Recycling and Innovations at UN High-Level Political Forum
The EQUATE Group, a wordwide producer of petrochemicals, took part in the Voluntary National Review (VNR) of the State of Kuwait held during the United Nations’ High-Level Political Forum on Sustainable Development in New York, exhibiting the Company’s investments and activities in supporting sustainable development.
Remarking on the Company’s cooperation in the Forum, EQUATE Group President and CEO, Dr. Ramesh Ramachandran, stated: “On behalf of EQUATE, I stretch our sincere gratitude to the General Secretariat of the Supreme Council for Planning and Development for picking our Company to represent the State of Kuwait at the Forum. We are glad at EQUATE of the milestones we’ve accomplished in our Sustainability Strategy and in association with public and private organizations around the world.”
Speaking on behalf of the Company was Senior Executive for Corporate Communications & Government Affairs, Dr. Abeer Al-Omar, who is a part in the Permanent National Guiding Committee of the State of Kuwait.
She stated: “We deem that the long-term development of any organization is interlinked with manageability, this is why we have adjusted our strategy with the UN Sustainable Development Goals and the New Kuwait 2035 vision, aiming to add to financial welfare, social financial and ecological preservation.”
Economically, EQUATE Group contributes to over 60% of Kuwait’s export and economic growth value from non-oil sources, and invested over USD 1 billion in the previous five years in the local private sector and a similar amount in payrolls, piping it back into the economy.
In terms of solutions and innovations, EQUATE established Kuwait’s first CO2 Recovery Plant, and invested in its own innovations, such as Viridis 25, a new plastic bottle that uses up to 25% recycled plastic, which will be economically accessible in the next couple of months.
From its long-standing commitment to environmental preservation, EQUATE joined forces with ‘The Alliance to End Plastic Waste’ on July 8th to end plastic waste by promoting infrastructure, education and engagement, innovation, and cleanup efforts. We also give equivalent significance to life on land and under water through our tree-planting initiatives in China and the conservation of the Ellis Bird Farm in Canada.
In terms of social sustainability, The Company has also vowed commitment to the United Nations (UN) Women’s Empowerment Principles (WEPs) statement and subsequently launched its ELEVATE program which promotes gender equality. In addition to investing in education and development of engineers.