Sustainability Roadmap 2020
In 2015, we implemented the Sustainability Roadmap 2020; a transformative document created to present key objectives with targets and timelines that will fulfill Qatar Steel’s corporate strategy, sustainability management programme and support the company’s leadership position in sustainability. The Roadmap is an important milestone in Qatar Steel’s sustainability journey; one that sets a clear and sustainable path forward for the corporation.
In order to achieve sustainability priorities, the Roadmap specifies a five-year plan, from 2016 to 2020, across 6 thematic objectives. These are:
- Sustainable steel supplier of choice in the region
- Breakthrough low carbon footprint steel industry
- World class energy consumption rates for the steel industry
- Leader in recycling and reusing among companies in the Qatar energy and industry sector
- Zero-harm culture and performance
- Leading water management practices for Qatar and the steel industry internationally
The Roadmap builds on the foundation of Qatar Steel’s Sustainability Framework. The six Roadmap objectives align with the elements of the Sustainability Framework as follows:
Each of the six objectives of the Roadmap carries specific targets with implementation timelines and action items that are assigned to their commensurate departments. These targets are measured against a previous year’s baseline and prioritized according to impact and resources required. By setting targets, timelines, and implementation plans, the Roadmap is a strategy for operational success in sustainability and it is updated on a quarterly basis and reviewed during the Balance Score card meeting.
This ecosystem of programs (Corporate Strategy Map, Sustainability Framework, Sustainability Roadmap 2020), comprise Qatar Steel’s Sustainability Management System. This system is designed to enable Qatar Steel to achieve its sustainability objectives and optimize the value generated for its stakeholders. These provide the foundation of the 2016 Sustainability Report.
As part of this process, we will benchmark Qatar Steel’s sustainability performance against that of other relevant companies in the region and internationally. Additionally, the company had established its Stakeholder Advisory Group comprised of representatives from key stakeholder groups to act as an advisory body during the journey towards sustainability. In 2016, Qatar Steel had developed a charter for the Group, by mapping the external and internal representatives of different stakeholder groups and by establishing internal governance structures for effective engagement with the Group. In 2017, Qatar Steel is planning to hold the first meeting of the Advisory Group to gather initial feedback on the company’s approach to sustainability.
The Sustainability Report is organized in sections according to the seven pillars of the sustainability framework. Within each section, pertinent material issues are discussed and the company’s progress and initiative towards sustainability is evaluated.
