The Sinopec-Addax Petroleum Foundation is an independent non-profit foundation established by Addax Petroleum Corporation and registered in Geneva, Switzerland. Active since 2008, the foundation was renamed in 2011 following the acquisition of Addax Petroleum by the Sinopec Group.
The social investment conducted through the Sinopec-Addax Petroleum Foundation is guided by the Millennium Development Goals (www.un.org/millenniumgoals) as well as national development policies.
The Foundation supports long-term socio-economic development projects, as opposed to emergency humanitarian assistance, in the following three main areas of concern: education, health, and the environment. It focuses on Africa and the Middle East and is active in more countries than the company's traditional areas of operation. Its work thereby comes in addition to the community programmes undertaken by Addax Petroleum's operating companies.
The Sinopec-Addax Petroleum Foundation is committed to sustainable community development. It primarily seeks to empower poverty-stricken communities by reinforcing their capacities and help them reach self sufficiency. To this end, the Sinopec-Addax Petroleum Foundation funds projects which can effectively and sustainably contribute to the alleviation of poverty.
All projects funded by the foundation aim at:
- developing and strengthening human capital;
- reducing the burden of disease;
- improving environmental management.
All projects offer the following characteristics. They are:
- and, they aim to provide direct support to the most vulnerable groups.
For more information, please visit the Foundation's website: www.sinopecaddaxpetroleumfoundation.org
Publication of the Foundation's
2014 Annual Report
The Sinopec-Addax Petroleum Foundation is glad to announce the publication of its 2014 Annual Report reflecting the commitment and work pursued during the year. As a Geneva-based foundation, registered under Swiss law, the Foundation also published its audited financial statements.
To view the PDF file click here
Addhope Forum 2014
For the second consecutive year, the Sinopec-Addax Petroleum Foundation organised the Addhope Forum. The 2014 edition gathered partners from a diversity of horizons to generate dialogue for successful development partnerships. The Addhope Forum 2014 focused on the theme of “Catalysing Drivers of Change”, in particular on women and youth as key agents of change, and new models of mobilising financing for development. Other themes, such as how to best manage risk in development project cycles and partner beyond borders, were also discussed.