We have a formal corporate giving strategy focusing on initiatives that:
We also support various philanthropic initiatives that enhance employee engagement, by working with charities that are relevant to employees or are located close to our offices.
There is a regulatory requirement for us to spend at least 2% of our revenues on social investments, which led to an investment of more than US$300,000 in support of three education programmes targeting under-privileged children.
In both Delhi and Chennai, we support the Bharat Lok Shiksha Parishad (BLSP) welfare programme, which funds 200 one-teacher schools, known as Ekal Vidyalayas. By sourcing someone from the local community, who teaches reading, writing and mental arithmetic, the scheme delivers basic skills to young people who otherwise go uneducated.
Meanwhile, in Mumbai, we partnered with the SMILE Foundation to improve the lives of underprivileged children living in urban slums and marginalised communities. In this way, we contributed to the education of 400 children, supplementing their education, and raising awareness and support from local communities.
We supported the SMILE Foundation in 2017, while our BLSP partnership continues through 2018.
In the UAE
In 2017, around US$300,000 was contributed to various charities and initiatives. This was a considerable increase on 2016, thanks largely to our employees’ involvement in the Relay for Life event organised by Friends of Cancer Patients (FoCP). More than 50 Petrofac employees and family members took part in the 24-hour relay, raising US$143,000 to support cancer patients and their families.
At the end of 2016, to commemorate achieving a 50 million man-hours LTI-free milestone, our E&C division donated US$50,000 split across 10 countries. In 2017, US$5,000 of this was presented to the Rumah Safiyyah Children’s Shelter to support various road and fire safety education programmes in conjunction with the local Malaysian Fire and Rescue Department.
In the UK
We encourage charitable donations through a Give As You Earn scheme and a match-funding programme. Despite the difficult climate of the past few years, our employees remained committed to improving the lives of others.
In 2017, £18,000 was raised by employees, with a like-for-like contribution of £18,000 from Petrofac. The total amount was donated to a number of local and national UK charities nominated by our employees.