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, equating to a Petrofac investment of more than US$255,000. In Chennai, for example, we supported a number of projects from the Sevelaya Trust, and around US$65,000 was contributed to school renovations and a sports and fitness centre for vulnerable young people.
Meanwhile, in Mumbai, we continued our partnership with the Social Economic and Educational Development Society, supporting vocational training programmes for 72 young people.
In the UAE
Around US$150,000 was contributed to various charities and initiatives, including learning and development events at the American University in Sharjah and support to the Pearl Initiative, a Gulf business–led organisation promoting accountability and transparency in business.
Various education-themed initiatives were progressed, including a US$25,000 contribution towards a university-led initiative to encourage more public-private partnerships in research and development.
In the UK
We continued our support of the Connecting STEM Teachers programme, run by the Royal Academy of Engineering which supports a nationwide network of teaching coordinators. In the 2017/18 academic year more than 11,000 secondary school students benefited from our involvement. Meanwhile, in Aberdeen, we marked the 20th anniversary of our continuing support for the Lochside Academy, which encourages students to explore STEM-related subjects.