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Based on our value “Respect”, which states that we are good neighbors wherever we operate, and based on the fact that we are living in one world regardless of the distances, CSR is an attribute to the society and people.
It is also about caring for the environment, through various programs such as promoting recycling as stated in our mission statement, providing support through the value chain and helping societies develop.
CSR involves four main elements in total as seen in the diagram below:
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- Work Place
- Market Place
- Communities & Societies
- The Environment
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Each element has its own unique characteristics. The work place aims at promoting a healthy and clean working environment based on ethics, equal opportunity and values, i.e. moving towards a stress free environment and building a family-hood within the organization, whereby the organization cares for the well being of the employee and not merely just work delivery. This is done by providing good social responsible and clear policies, procedures, incentives and guidelines.
The market place element of the CSR cycle includes dealing and application of business ethics, morals, respect to the people of various ethnic groups and dealing the highest standards.
The third element is the communities and societies, which means helping develop the communities and societies that the organization is operational in. this is clear in Borouge’s core values, specially Respect which states that “we are good neighbors wherever we operate”.
This is also applicable to our Shareholder Borealis, and it is very crucial to help society grow, because the growth of the society effects always positively on the organization to grow or even in daily contacts with government departments, administration of formalities and so forth.
Borouge is also involved in the societal element of the CSR, where the expansions and growth are reflecting on the growth of the economy and providing people with jobs.
Finally, and the fourth element of CSR is the Environment. The environment is the soul and body of the society and the business. If the business wants to remain profitable, then it has to care for the irreplaceable jewel, which the environment is.
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