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.addhopefoundation.org
Publication of the Foundation's
2012 Annual Report
The Sinopec-Addax Petroleum Foundation is glad to announce the publication its 2012 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 2013
Placed under the label of dialogue and philanthropy, the first edition of the Addhope Forum kept its promises by offering a space for exchange and discussions on the keys to successful development partnerships. On this occasion, 145 participants coming from NGOs, the private and public sectors, as well as academia, shared their experiences and best practices on the matter.