While economic and social policy is the responsibility of governments, we recognise that we also have a role to play in adding value to society through our activities.
Generating both social and economic value for our stakeholders is a key element of our strategy. In our projects, the key stakeholder groups usually include:
- the host governments that grant our licences and regulate our activities;
- the local communities that may gain benefits or be impacted; and
- the local workforce, including personnel and contractors we may work with.
Social and economic benefit
Supporting global sustainable development
In 2015, world leaders committed to the United Nations Sustainable Development Goals (SDGs), a set of 17 wide-reaching global ambitions for 2030. While agreed by governments, the goals set an expectation on companies to contribute to them.
Although not all the SDGs are relevant to Cairn, we continue to assess and demonstrate how our activities can contribute towards them, and are developing plans to minimise impacts and maximise the benefits to host countries.
For example, in Senegal, we have developed an Impact Benefit Plan that focuses on five SDGs where we think we can make the biggest positive difference (see below).
Targeted social investment forms part of our strategy to deliver value for all stakeholders and make a positive social impact wherever we work. As part of this, we have developed social investment guidance.
“Cairn will assist in the development of local community programmes where it operates, in consultation with local government, the public and stakeholders.”
Cairn Group CSR Policy