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CORPORATE SOCIAL RESPONSIBILITY
For Crown Energy, corporate social responsibility means contributing both socially and economically to the growth of the countries and regions where we conduct our operations. As an oil company in exploration, we can contribute to long-term social growth if commercial discoveries are made.
It is also important to us that social and economic growth does not result in segregation and inequality. For Crown Energy, corporate social responsibility also includes safeguarding human rights in all situations, both directly (people associated with our operations) and indirectly (local communities in the regions in which we operate).
The PSAs include certain requirements concerning responsibility for local communities. Crown Energy has also adopted internal policies for communities and human rights.
The annual licence commitment normally includes a portion earmarked for education and/or local social projects. These funds are commonly for education and training of employees at government agencies involved in oil and mineral operations in the respective countries.
Crown Energy plans to initiate local community involvement once we have operational activities on site in the countries and regions, both where we are the operator and where we are a licence partner.