SABIC awarded Compliance Leader Verification status

Updated 23 October 2019

SABIC awarded Compliance Leader Verification status

SABIC has been awarded the prestigious Compliance Leader Verification status by the Ethisphere Institute, a global leader in defining and advancing standards of ethical business practices.

The recognition follows Ethisphere’s comprehensive independent review, evaluation, and validation of SABIC’s Ethics and Compliance program. This permits SABIC to display the Ethisphere Compliance Leader Verification logo as a recognition of the excellence of SABIC’s Ethics and Compliance program and its work in building a culture of integrity.

Led by SABIC’s legal affairs, a cross-functional team worked diligently to achieve this recognition. The team responded to a comprehensive assessment survey and submitted substantial documentary support. Senior leaders in the legal, HR, ERM, sustainability, procurement, audit and other functions participated in interviews with Ethisphere evaluators. 

Laurie Gallagher, general manager and chief counsel of SABIC’s Compliance and Litigation Team, said: “This award is a testimony not only to the strength of our Ethics and Compliance Program but also to the dedication and commitment of our CEO, executive leadership, board of directors, and all SABIC employees who work with the highest integrity every day.”

FASTFACT

The recognition follows SABIC’s recent hosting of a major conference in Riyadh under the theme ‘Promoting Integrity and Transparency for Growth.’

The recognition follows SABIC’s recent hosting of a major conference in Riyadh under the theme “Promoting Integrity and Transparency for Growth.” The event brought together more than 100 leaders from international and local corporations, government and NGOs to advance governance and compliance practices that can secure business opportunities and investment.

The Ethisphere Institute is a globally recognized organization that brings together global companies to define best practices in ethics and compliance programs and advance ethical business performance through data-driven assessments, benchmarking and guidance. 

Headquartered in Riyadh, SABIC has been a key contributor to the global fight against corruption. It is a founding member of the Business 20 B20 Anti-Corruption Task Force and an active participant in the World Economic Forum’s Partnering Against Corruption Initiative.

SABIC has more than 33,000 employees worldwide and operates in around 50 countries. 

It has 11,738 global patent filings and significant research resources with innovation hubs in five key geographies — USA, Europe, Middle East, South Asia and North Asia.


Hyundai launches new i30 N in South Africa

Updated 19 February 2020

Hyundai launches new i30 N in South Africa

Hyundai Motors has increased its presence in South Africa by launching its first mass-produced high-performance car — i30 N — last week in Cape Town. 

The first model of the N brand, the i30 N is Hyundai’s first high-performance car, which has been developed with a key focus on its race-track capability and its ability to be a fun-to-drive everyday sports car. 

“Advanced technology and a high level of driver customization has been built into the i30 N, which means it can play the role of a comfort-oriented commuter as well as a race-track ready performance car,” the automaker said.

The i30 N has a 1,998 cc, four-cylinder turbocharged petrol engine, with its maximum power output of 202 kW reached at 6,000 r/minute, while maximum torque is achieved from 1,500 to 4 700 r/minute. 

The power is delivered to the front wheels of the i30 N through a six-speed manual gearbox and has five different drive modes: Eco, Normal, Sport, N and N Custom, which can be accessed through two dedicated buttons on the car’s steering wheel. 

The i30 N has a rev matching function built-in to adjust the engine revolutions when the driver shifts from a higher to a lower gear, thereby ensuring smooth gear shifting. The dual muffler exhaust sounds add to the pleasure of commanding a high-performance vehicle.

Speaking at the launch, Niall Lynch, CEO of Hyundai Automotive South, said: “The i30 N is one of the most exciting cars Hyundai has made in the recent years highlighting Hyundai’s talented designers and engineers who are always setting new standards.

“It is a high-performance car meant to deliver a fun driving experience and I have no doubt there’s a bright future in store for the Hyundai i30 N in South Africa. It has already been described as a ‘game changer’ with more than 20,000 units sold across Europe since we started trading in 2017.”

The i30 N has stylish 19-inch wheels with 235/35R19 Pirelli P-Zero high-performance tires and red brake callipers featuring the N-logo. Aggressive bumpers with larger air intakes and a red character line, an aerodynamic rear spoiler with a triangular brake light, and a dual muffler exhaust complete the sleek, sporty look.

The i30 N also features the electronically controlled suspension (ECS) and electronically controlled limited-slip differential, which ensures an exhilarating drive with cornering capabilities that befits the i30 N’s hot-hatch character.

Customers can choose from five color options — Polar White, Performance Blue, Micron Grey, Phantom Black and Engine Red.

Hyundai plans to launch the i30 N model in the Middle East toward the end of 2020.