Corporate Social Responsibility
As part of its role as a responsible corporation, FAR is dedicated to enacting policies and practices that are ethically, socially and environmentally sound. FAR is also committed to the health and safety of the Company’s employees and partners, where appropriate. All operational activities are carried out within international industry standards of safety and environmental consideration.
Alongside FAR’s commitment to contractual profit sharing agreements with host countries, FAR is dedicated to investing in the development of vital facilities and services in Senegal, Guinea-Bissau and Kenya. Such endeavours are evidenced by FAR’s recent participation in a hospital reconstruction project in Guinea-Bissau and sponsorship of a youth soccer tournament in Senegal. FAR is also involved in various community awareness and education programmes in Kenya.
The Company is investigating further opportunities for investing in community development projects that accord with FAR’s culturally, socially and economically diverse partner countries.
FAR Limited commits to actively working with the governments, national organisations, companies, media and financial institutions within the countries it operates to support, promote and participate in programs that encourage transparency and international best practice for governance.
FAR’s corporate focus is investing in African exploration and development projects for oil and gas with its core project in Senegal. FAR recognises that the countries within which we operate are often immature in their development and application of transparency policy and hence FAR strives to support this development to ensure positive foreign investment, infrastructure and capacity building and economic growth.
FAR is a member of the Extractive Industries Transparency Initiative (EITI), along with the Government of Senegal.
Further information about the EITI can be found at their website www.eiti.org
FAR is committed to achieving best practice in corporate governance commensurate with the Company’s size, its operations and the industry within which it participates.