Sustainability at Aramex
Sustainability at Aramex involves a proactive, integrated, and stakeholder-centric approach to ESG and value creation across our six Capitals, keeping in mind our global footprint and impact within our communities. We strive to nurture our Human and Social and Relationship Capitals, develop our Intellectual Capitals, and leverage our Manufactured and Financial Capitals, while striving to safeguard our Natural Capital.
This approach allows us to center sustainability and forward-thinking across our work, and focus on innovation and competitiveness, while proactively managing risks and seizing opportunities effectively to improve our resiliency, industry material environmental, social and governance (ESG) risks long-term.
We apply a stakeholder-centric approach to determining our material issues, both in terms of financial and business materiality, as well as impact materiality and the intersections within the two. Through engaging with our internal and external stakeholders, assessing best practices, reporting standards, and industry norms, and considering our strategic direction, our approach ensures we are responsive and proactive in continually and comprehensively monitoring, measuring, and evaluating our capital flows, practices, procedures, and impacts. This enables a holistic approach in tackling sustainability opportunities and challenges to create, preserve, and deliver value. For more details on our management approach, please refer to page 115 of our 2022 report.
Our Approach to Reporting
Our annual integrated reports are prepared in accordance with the Global Reporting Initiative Standards within the accordance option. Our reporting process and integrated reports are guided by the International Integrated Reporting (IIR) Framework, United Nations Global Compact, SASB, TCFD, and CDP requirements, and according to ESG requirements. This also includes the International Financial Reporting Standards (IFRS) of the International Accounting Standards Board (IASB) and in line with the regulatory requirements of the Securities and Commodities Authority (SCA) of the United Arab Emirates financial and governance standards. For more information, please refer to our Reporting Approach Section in our 2022 report (pages 113-116).
Sustainable Development Goals
Aramex continues its efforts towards the achievement of the United Nations Sustainable Development Goals and touches on all SDGs, whether directly or indirectly, through our operations and impact on all stakeholders. Our sustainability efforts involve a strategic approach to the SDGs, especially Goals 1, 4, 5, 8, 9, 12, 13, and 17, while also contributing to others. This is a non-binding and voluntary initiative taken on Aramex’s behalf and driven by our belief in the value of this work.
Our relationship with our stakeholders is a key enabler in creating and safeguarding value. These dynamic relationships include consistent engagement with our diverse stakeholder groups, ensuring we meet their expectations and needs, enhance value creation, and minimize negative impacts across all Six Capitals.