Page 61 - ADOC SUSTAINABILITY REPORT 2024
P. 61

SUSTAINABLE AND INCLUSIVE SUPPLY CHAIN


            ADOC  is  committed  to  fostering  a  supply  chain  that   emissions, managing  waste, and  promoting  workforce
            mirrors  our values of responsibility,  inclusivity,  and   diversity.  Additionally,  ADOC prioritizes local content
            sustainability. As part of our efforts to ensure suppliers   by fostering partnerships with UAE-based vendors. In   ADOC SUSTAINABILITY REPORT 2024
            meet our high standards, we carry out routine audits and   2024, 96% of the total procurement value was sourced
            engage in regular dialogue. At ADOC, we aim to utilize   locally,  supporting  the  In-Country Value  (ICV)  Program,
            pre-qualified suppliers from ADNOC supplier database.  a procurement-led initiative pioneered by ADNOC in

            Our Purchasing and Transport (PT) Division oversees   2018, to maximize UAE’s oil and gas value through gross
            all  procurement-related  decisions and  ensures that   domestic  product  (GDP  diversification),  Emiratization,
            procurement  processes  align  with  our core  values  and   and localization of strategic supply chain capabilities. While
            regulatory expectations. Procurement at ADOC strictly   ADOC maintains a strong commitment to local sourcing,
            adheres to the ADNOC Commercial Directory, selecting   a  small  portion  of  our procurement  (4.1%)  is  sourced
            suppliers from a pre-approved list that meets ADNOC’s   from carefully selected international suppliers to meet
            rigorous vetting  standards.  This guarantees  that  all   specialized operational needs.
            suppliers maintain the highest levels of quality, safety, and   Supplier performance is continuously evaluated through
            compliance. Beyond ADNOC requirements, contractors   audits and feedback mechanisms to ensure compliance
            and  suppliers are also  screened against  ADOC’s own   and  drive  continuous improvement  in sustainability
            Code of Conduct, which enforces compliance with   practices.  Through these  practices,  ADOC  fosters  a
            principles of fair labor, anti-corruption, and environmental   resilient, ethical, and inclusive supply network that aligns
            stewardship. This dual-layered approach ensures that the   with our long-term sustainability goals  and operational
            supply chain upholds responsible and sustainable practices.  excellence.

            ADOC’s procurement framework encourages suppliers
            to  demonstrate  environmental  and  social  responsibility
            by engaging  in initiatives such as reducing carbon


            ECONOMIC CONTRIBUTION


            At ADOC, creating shared value is at the heart of our   • Empowering national talent:  We are committed  to
            long-standing commitment to the UAE. For over 55   supporting Emiratization, with 35% of our workforce
            years, we have proudly contributed to the nation’s   comprising Emirati Nationals, contributing to national
            economic growth by supporting local industries, fostering   employment targets and local capacity building.
            employment and strengthening supply chains.
                                                             • Indirect economic impact: Our procurement of goods
            Our economic impact extends beyond crude oil exports.   and services stimulates a wide range of supporting
            By  leveraging  local  resources,  engaging  UAE-based   industries, from logistics and construction to specialized
            suppliers, and  investing  in workforce development,  we   technical  services, amplifying  our contribution across
            drive  sustainable  value  for  our  stakeholders  and  the   the value chain.
            communities in which we operate.                 Looking ahead, ADOC remains focused on deepening

            • Revenue generation: ADOC’s facilities continue to play   its economic ties within the UAE by expanding local
              a strategic role in supporting the UAE’s energy sector,   partnerships, investing in local capabilities, and promoting
              generating revenue through crude oil exports and the   innovation within our supply network.
              utilization of associated gas.                 We believe that our economic contribution is not just

            • Local value creation: In 2024, 96% of our procurement   about  financial  outcomes  but  about  fostering  resilient
              spend was directed  towards  local vendors, ensuring   communities, enabling national growth, and building a
              that our operational needs fuel the domestic economy.  sustainable future for all.






                                                                                                                   61
   56   57   58   59   60   61   62   63   64   65   66