Corporate social responsibility is interwoven into our business model and enshrined in our dedicated CSR policy called “Our Commitments”. The group CSR committee under the direct sponsorship of the Chairman of the board and chaired by the Managing Director consists of 10 executives, including ACWA Power’s Executive Director of CSR, representatives of the corporate business development and legal teams, and representatives from each of our main business regions: Morocco, South Africa, Jordan, Turkey and Oman. The committee includes an independent external advisor who provides a fresh, independent and critical external perspective.
At the local and project levels, ACWA Power has implemented a framework of socio-economic development standards and guidelines to be adopted at the commencement of operations in a new country. Each framework is based on local context and needs around education, health and training programs, partnerships and foundations. We understand the need for, and the value created by our investments in the communities where we operate in order to encourage self-reliance at the local level. This approach supports our effective integration with local communities and maintains our license to operate for generations to come. ACWA Power’s community investment activities are aligned with the goals and objectives of local, provincial and national governments. ACWA Power’s focus is to support local and regional communities by improving their members’ technical skills and employability; enhancing local infrastructure; engaging in charitable donations; and nurturing financial sustainability. This creates shared value by aligning our stakeholders socioeconomic improvements with ACWA Power’s core business objectives. We also enable the adoption and transfer of our good sustainability practices across our chain of global operations.
The program has evolved and matured since its inception in 2012 and now covers simple one-off sponsorships through to complex multi-year projects. Full details are contained in our 2014 sustainability report.
ACWA Power’s CSR program in Saudi Arabia includes a blend of supporting and sponsoring a range of sector conferences, educational institutions, community needs (as detailed in the 2014 sustainability report) plus two long term projects; namely Namaa Al Manawara and the Higher Institute of Water and Power (HIWPT).