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ESKOM’S SOCIAL RESPONSIBILITY
1. CORPORATE SOCIAL INVESTMENT
Corporate Social Investment (CSI) is a long-term investment in the future of the company and forms an integral part of its operations. It gives an organisation “licence to operate” and makes good business sense. By contributing to the development of communities in which it operates, the organisation creates future consumers and potential employees. More companies all over the world report on their performance in terms of the triple bottom line with regard to their financial performance, their impact on and restoration of the environment in which they operate, and the contribution they make to the socio-economic development of communities in which they do business.
The Eskom Development Foundation
The Eskom Development Foundation was established in 1998 as a Section 21 company and a wholly owned subsidiary of Eskom Holdings Ltd. Its prime objective is to co-ordinate and integrate Eskom’s CSI initiatives to bring disadvantaged communities into the mainstream of the economy, with particular emphasis on areas where Eskom is implementing its capital expansion programme.
The Foundation provides support to economic and social projects through grants and donations, targeting communities where we implement our new build programme and the communities in which we operate.
Asgisa
The government-led Accelerated and Shared Growth Initiative for South Africa (Asgisa) aims to ensure that the country achieves economic growth, focusing on alleviating poverty and unemployment.
Eskom is ideally positioned to make a significant contribution to the Asgisa initiative through our core business of supplying electricity, our massive procurement requirements and our capital expansion programme. Eskom’s contribution to Asgisa is mainly through leveraging associated activities for developmental benefit.
Leveraging these associated activities includes the following: continuing the rollout of electrification
ESKOM’S SOCIAL RESPONSIBILITY
1. CORPORATE SOCIAL INVESTMENT
Corporate Social Investment (CSI) is a long-term investment in the future of the company and forms an integral part of its operations. It gives an organisation “licence to operate” and makes good business sense. By contributing to the development of communities in which it operates, the organisation creates future consumers and potential employees. More companies all over the world report on their performance in terms of the triple bottom line with regard to their financial performance, their impact on and restoration of the environment in which they operate, and the contribution they make to the socio-economic development of communities in which they do business.
The Eskom Development Foundation
The Eskom Development Foundation was established in 1998 as a Section 21 company and a wholly owned subsidiary of Eskom Holdings Ltd. Its prime objective is to co-ordinate and integrate Eskom’s CSI initiatives to bring disadvantaged communities into the mainstream of the economy, with particular emphasis on areas where Eskom is implementing its capital expansion programme.
The Foundation provides support to economic and social projects through grants and donations, targeting communities where we implement our new build programme and the communities in which we operate.
Asgisa
The government-led Accelerated and Shared Growth Initiative for South Africa (Asgisa) aims to ensure that the country achieves economic growth, focusing on alleviating poverty and unemployment.
Eskom is ideally positioned to make a significant contribution to the Asgisa initiative through our core business of supplying electricity, our massive procurement requirements and our capital expansion programme. Eskom’s contribution to Asgisa is mainly through leveraging associated activities for developmental benefit.
Leveraging these associated activities includes the following: continuing the rollout of electrification