ChevronTexaco
partners with Harvard University on major corporate responsibility
initiative
Posted: 4 March 2004
$500,000 Contribution to the Kennedy School of Government
Launches Program to Enhance Corporate Responsibility Effectiveness
Across the Private and Public Sectors
ChevronTexaco today announced it is contributing $500,000 as a
founding sponsor to a major initiative led by Harvard's Kennedy
School of Government to enhance corporate responsibility effectiveness
in addressing some of the world's most pressing social, economic,
and environmental issues.
Harvard's Corporate Social Responsibility Initiative will marshal
resources of business, government, academia, civil society, and
the news media to address social and environmental challenges around
the globe. For example, the initiative will study how the private
sector can work with governments to build and sustain effective
public-private partnerships in areas such as poverty eradication,
HIV/AIDS, economic development, public sector capacity building
and the environment. The initiative began today at Harvard with
panel discussions on "The Public Role of Private Enterprise."
"We recognize that our success as a company depends not only
on our financial performance but also on our ability to positively
impact society where we operate," said Dave O'Reilly, chairman
and CEO of ChevronTexaco. "ChevronTexaco's support of Harvard's
world-class initiative is an important step in the company's commitment
to continually grow its knowledge about corporate responsibility."
ChevronTexaco's corporate responsibility programs include its commitment
of $25 million to the five-year, $50 million Angola Partnership
Initiative. Launched in 2002, the company is working with the U.S.
Agency for International Development and the United Nations Development
Programme to provide support for small- and medium-sized businesses
through vocational training, business incubators, and micro credit
loans. Additionally, in 2003, ChevronTexaco's Nigerian subsidiary
received the U.S. Secretary of State's Award for Corporate Excellence.
The award recognized Chevron Nigeria Limited's initiatives to improve
medical treatment, AIDS prevention education, school facilities,
and local power infrastructure. It also acknowledged an airlift
to move community members out of harm's way during a period of civil
unrest in the Niger Delta in the spring of 2003. Information on
these and other efforts is available in the company's Corporate
Responsibility Report at www.chevrontexaco.com/cr_report.
Other founding sponsors include The Coca-Cola Company, General
Motors and Walter H. Shorenstein. The Kennedy School of Government
is one of the nation's premier institutions for developing future
government leaders and fostering relationships between business
and government.
Based in San Ramon, Calif., ChevronTexaco is the second-largest
U.S.-based energy company and the fifth largest in the world, based
on market capitalization. More than 50,000 ChevronTexaco employees
work in approximately 180 countries around the world, producing
crude oil and natural gas, and marketing fuels and other energy
products.
For more information see www.chevrontexaco.com
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
