EMSTEEL’s ESG Policy

EMSTEEL Building Materials PJSC, the UAE’s largest steel and building materials manufacturer, is a public joint stock company majority-owned by ADQ. The company focuses on producing high-quality products while adhering to legal standards and maintaining robust Sustainability and Environmental, Social, and Governance (ESG) policies overseen by its Board of Directors.

EMSTEEL is committed to sustainability principles, including respect, collaboration, inclusivity, integrity, and transparency. The company aims to enhance efficiency in raw materials, energy, and water usage, while striving for net-zero greenhouse gas emissions by 2050. Additionally, EMSTEEL is dedicated to minimizing pollution and understanding the impacts of its products on the community.

Emirates Steel, part of the EMSTEEL Group, supports various sustainability standards, including the CARES Sustainability Construction Scheme and ResponsibleSteel. The group policy will be periodically reviewed to ensure its relevance and effectiveness. EMSTEEL also has a Corporate Social Responsibility Policy that guides its social responsibility and labor rights initiatives.

Purpose and Scope

EMSTEEL’s ESG Policy establishes a framework for sustainable development across all business activities, including design, production, marketing, and distribution. It applies to all employees, contractors, suppliers, and stakeholders involved in operations.

Key Commitments
Environmental Stewardship (E)

  • Environmental Management: EMSTEEL is dedicated to environmental stewardship and the sustainable management of resources, adhering to ISO 14001 standards, and fostering a culture of environmental responsibility.
  • GHG Emissions: The company is focused on reducing its GHG emissions and achieving net-zero emissions by 2050 through energy-efficient technologies and clean energy sources.
  • Energy Management: EMSTEEL aims to enhance energy performance and adopt renewable energy while complying with ISO 50001 standards.
  • Water Management: The company seeks to implement water-efficient technologies and promote recycled water use.
  • Waste Management: EMSTEEL is dedicated to minimizing waste generation and enhancing recycling efforts across its operations.

Social Responsibility (S):

  • Human Rights: EMSTEEL actively works to prevent human rights violations within its value chain.
  • Health & Safety: The company upholds ISO 45001 standards to eliminate hazards and ensure well-being.
  • Equal Opportunity: EMSTEEL fosters a diverse and equitable work environment, promoting diversity, equal pay and preventing discrimination.
  • Emiratization: The company supports nationalization by providing employment opportunities for UAE Nationals and promoting skills development. We aim to increase Emiratization rate to 60% by 2030.
  • Employee Training: EMSTEEL is dedicated to continuous learning and career development for its employees.

Governance (G):

  • Anti-Corruption: The company implements a zero-tolerance policy towards corruption and promotes ethical conduct, targeting to train 90% of employees on ethics and anti-corruption by 2026.
  • Fair Competition: EMSTEEL adheres to principles of fair competition and complies with relevant laws.
  • Internal Control: The company maintains effective internal controls and conducts regular audits to monitor ESG performance.
  • Tax Transparency: EMSTEEL commits to compliance with tax laws and transparent reporting practices.

Risk Management and Implementation

EMSTEEL integrates ESG risk management into its overall framework, identifying, assessing, and mitigating risks. EMSTEEL has created an ESG and Sustainability roadmap and action plans that align with its Board-approved ESG and decarbonization strategies. This plan tackles key ESG issues identified in a materiality assessment and adheres to relevant sustainability standards and requirements.

Public Reporting

EMSTEEL commits to transparent communication of its ESG activities, publishing an annual sustainability report that adheres to local regulations and industry standards.

All related commitments have internal targets reported to management and the board periodically and disclosed as applicable via various reports addressing multiple stakeholders.