CSR involves listening and responding to the needs of everyone of a company’s stakeholders. Vanoil believes that building good relationships with employees, partners, host governments and communities, contractors and wider society is the best guarantee of long-term success. This is the essence of the Company’s approach to CSR.
CSR agenda is to inspire, challenge and empower staff to make a positive contribution to local communities and the environment. Vanoil is committed to integrating CSR into everything it does from being a great place to work, investing in local communities, minimizing environmental impacts and working closely with partners and contractors.
Effective management of CSR allows Vanoil to identify potential risks and respond to areas of performance where we need to improve. More importantly we can identify opportunities where our ability to take on and manage risk can add value for shareholders. Effective CSR can help in attracting and retaining the best staff, make us a partner of choice with other national resource companies and other partners and create value for shareholders.