At Carbon Holdings we recognise the vital importance of effective governance.
Effective governance is paramount at Carbon Holdings, where our board, comprised of two executive directors and 12 non-executive directors, brings together a wealth of experience and expertise relevant to the petrochemicals industry and environmental controls. With a focus on achieving long-term objectives, the board diligently monitors our operations, strategy, policies, and risk management. It conducts thorough reviews of external risks and ensures the maintenance of robust risk management and internal control systems, which are evaluated annually.
Responsibilities of the board extend to overseeing acquisitions, divestments, major capital projects, budgets, and dividend policies. Additionally, it plays a pivotal role in key appointments, shareholder engagement, and the establishment of our financial calendar. Delegating specific tasks to committees such as the Audit, Nominations, and Remuneration Committees, the board ensures seamless integration of their work into company management, guided by principles of transparency, accountability, and regular communication with major shareholders to foster a deep understanding of their perspectives.
Carbon Holdings’ performance to date and ambitions for the future
Carbon Holdings takes very seriously its responsibility to protect the environment and minimise the impact of its operations on local communities. All of our projects, and every one of our sites, operate to internationally-recognised environmental and social standards and global sustainability measures.
To work with Carbon Holdings, suppliers must demonstrate they work to the same high environmental standards that we operate and we conduct regular audits to ensure that these are upheld at all times.
Each of our projects was developed following industry-leading environmental and social impact assessments (ESIA) to ensure we fully comply with all relevant Egyptian requirements and operate at international standards that include but are not limited to, the International Finance Corporation’s sustainability framework standards. The ESIAs incorporate comprehensive environmental and social monitoring that is implemented from the construction phase of the project and continues once the project is operational. throughout its operational life cycle.
Carbon Holdings is committed to enhancing the communities surrounding its sites in the Suez Economic Zone
In addition to providing employment to more than 35,000 local residents, we are dedicated to improving education, health and leisure facilities. Over the last numerous years, Carbon Holdings has sponsored the building of more than many schools for local children and through our specialist training programmes have provided IT education and English language classes to more than dozens local children. From our sponsorship of Suez Football Club, we have developed an extensive sports programme for local children.
Carbon Holdings has sponsored Soft Power Production (SPP), a non-profit organization that support young talented musicians and gives them the opportunity to perform on a high professional level. Carbon Holdings’ commitment to the local communities goes beyond education, health and leisure programmes. We are the founder of a partnership between the local government and private industry in the region to develop integrated flood protection measures designed specifically to safeguard to local population and their properties.
