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Atlantic - moving a generation ahead CSR2019
Moving a generation ahead...
Atlantic is 20 years and counting.
For 20 years, the Atlantic LNG Company of Trinidad and Tobago.
Building Entrepreneurship through LEND (Loan for Enterprise and Network Development)
Based on a study conducted in Point Fortin, it was recognized that the majority of business owners considered access to funding as the major challenge to expanding their business and fostering entrepreneurship. In 2014 the Loan for Enterprise and Network Development (LEND) micro-financing agency was established, focusing on micro, small and medium enterprises (MSMEs) and entrepreneurs in the south-west peninsula of Trinidad.
Among LEND’s objectives are:
Promote and assist the establishment and development of MSMEs in an effort to increase local economic activity.
Raise, mobilise, borrow and procure capital and finance to provide loans and guarantees for MSMEs and entrepreneurs.
Identify and disseminate information on business opportunities to generate employment, make use of local materials and skills or otherwise contribute to local expertise.
Facilitate the provision of, and enable access to appropriate skills training to support the economic development of the communities.
Progress to date:
454 Total loans issued
TT$11.7 million loans issued
Environment
Atlantic’s focus on the environment is based on an understanding that natural resources are finite, and that as a large energy intensive business, it has a responsibility to manage these resources prudently. To this end it has invested heavily in reducing the impacts of its operations and supporting environmental conservation, awareness raising and youth empowerment efforts. Apart from its conservation efforts with the local turtle population, the company has been focusing on educating our young ones about environmental protection. The Atlantic Environment Education Series engages children within primary schools to ensure that respect for the environment is fostered at a young age.
Over the last 20 years Atlantic has been amongst the leaders demonstrating how the private sector should engage and support its suppliers, ensure the health and safety of staff, measure and report on progress, contribute to local communities and support the preservation of our natural environment. The company has made substantial progress towards its goal of moving a generation ahead.
The Atlantic Environment Education Series
In 2014, Atlantic partnered with the Fondes Amandes Community Reforestation Programme to develop the Atlantic Environment Education Series. Since its inception, 1,880 students from nine primary schools each school term have been taken on field trips where they received hands-on knowledge of the critical need to conserve and protect biodiversity from the threats of climate change, deforestation and forest fires.
These schools were selected based on their location in communities which are affected by fires and floods, and their ability to impact (or be impacted by) their local watershed.
Much of what the students learn on these field trips correlates with the Primary Schools’ Social Studies Curriculum, thus complementing and reinforcing what is taught in the classroom. In addition to these hands-on experiences, participants are given guidance on how they can help to create environmental awareness in their schools, communities and homes.
3 yr. performance data inclusive of Corporation Tax, Green Fund Levy, Withholding Tax in USD :
2016: $227.7 mn/ 2017: $231.1 mn/2018: $251.4 mn
Employee, Supplier Development and Community Investment:
2016: 1,669,795 mn
2017: 1,029,052 mn
2018: $1,782,891 mn
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