The report reviews the impact of the award in Saudi Arabia over the past fourteen years, from 2009 to 2023 It also reviews the performance level of the award for 2023 and its relevance to Saudi society and its standards, along with success stories of those whose work has been valued and the efforts of all participants toward the development and implementation of environmental, social, and economic initiatives as well as governance in alignment with Sustainable Development Goals (SDGs), and illustrates how the King Khalid Sustainability Award, through these efforts, has impacted the support, education, and guidance of enterprises in the Kingdom.
Sustainability in Saudi Arabia is crucial for enhancing the Kingdom's global competitiveness. Among the foundation's awards, the King Khalid Sustainability Award holds a unique position as it aims to strengthen the competitive advantage of the private sector by improving performance in line with environmental, social, and governance (ESG) standards. It is the first award and program of its kind in the Kingdom, serving as a pioneering initiative to recognize and build the sustainability capabilities of Saudi enterprises. Throughout its history, the award has focused on aligning sustainability practices with business needs, such as fostering positive growth, enhancing corporate reputation, and strategically collaborating with key stakeholders.
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