1.3 Develop and Implement an Lenders A minimum Report to 2018 onwards. The CSR – Environmental, Health and Safety (EHS) requirement, best lump-sum Lender and program will be The CSR program management system for each Project practice. contribution of information stand alone for will aim to assist the Commitment provided sites. USD 100 k published in the Project. The local community to prior to financial close distributed local paper CSR program ensure there is a with CSR program in among all and on web will link with into the ‘buy-in’ As part of Corporate Social place sites, during site on the the SEP to project and there are Responsibility (CSR) program develop a construction CSR program, ensure a some local benefits CSR and community interaction action In annual report per site, and what funds are consistent from the project. for each Project site. Fund should be provide information on then an annual used for and approach and provided for each site. An initial budget CSR and sum spend contribution of how they engagement of 100 K USD for 2018, and then around per site and total and circa USD 50 benefit the with local a flexibility 50 k USD per annum with priority programs K to be local community. to distribute according to the needs of distributed on community the local communities around the as needed projects. Each site needs to received basis, with a some funding every 2-3 years. principal that every site receiving The CSR will include the development funding every of local action plan and interaction with 2 years. the local community and support for local development projects. A summary of the CSR program will be made available locally in local press and web site.
1.3 Develop and Implement an Environmental, Health and Safety (EHS) management system for each Project sites. As part of Corporate Social Responsibility (CSR) program develop a CSR and community interaction action for each Project site. Fund should be provided for each site. An initial budget of 100 K USD for 2018, and then around 50 k USD per annum with a flexibility to distribute according to the needs of the local communities around the projects. Each site needs to received some funding every 2-3 years. The CSR will include the development of local action plan and interaction with the local community and support for local development projects. A summary of the CSR program will be made available locally in local press and web site. The CSR program will aim to assist the local community to ensure there is a ‘buy-in’ into the project and there are some local benefits from the project. Lenders requirement, best practice. A minimum lump-sum contribution of USD 100 k distributed among all sites, during construction per site, and then an annual contribution of circa USD 50 K to be distributed on as needed basis, with a principal that every site receiving funding every 2 years. Report to Lender and information published in local paper and on web site on the CSR program, what funds are used for and how they benefit the local community 2018 – onwards. Commitment provided prior to financial close with CSR program in place In annual report provide information on CSR and sum spend per site and total and priority programs The CSR program will be stand alone for the Project. The CSR program will link with the SEP to ensure a consistent approach and engagement with local community.
Akfen-Environmental-and-Social-Action-Plan-ESAP-RAv3-final-draft-2-.docx