CSR Story
MOVING A GENERATION AHEAD
ATLANTIC IS 20 YEARS AND COUNTING
For 20 years, the Atlantic LNG Company of Trinidad and Tobago (Atlantic) has been one of the world’s largest producers of Liquefied Natural Gas (LNG). Atlantic produces LNG from natural gas at its four-train liquefaction facility in Point Fortin, on the south-west coast of Trinidad. It currently employs 567 persons on a permanent basis, of which 99% are nationals of Trinidad and Tobago. Additionally, approximately 1,000 contractors on average work for the company during peak periods to assist in the maintenance of the facility.
Strategic Relevance of Corporate Responsibility
Corporate responsibility, which Atlantic defines as ‘conducting its business responsibly and in accordance with its Core Values, and supporting local and national communities in a sustainable manner’, remains one of the business’ six strategic elements. This means Atlantic has incorporated corporate responsibility into daily activities and decision-making processes, sets itself targets and regularly assesses and reports on its performance in the area.
For the last 15 years, Atlantic has published annual Sustainability Reports to demonstrate how it has developed in an economically, environmentally and socially responsible way, while creating value for stakeholders and society. In so doing, Atlantic sets itself apart from many other companies operating in Trinidad and Tobago. Thus far, this history of public disclosure on corporate responsibility remains unmatched locally.
Atlantic’s Sustainability Commitment
Atlantic strives to achieve sustainable development within its sphere of control and aims to be a leader within
its sphere of influence by:
- Practising responsible environmental stewardship and minimising adverse impacts to the environment.
- Promoting the advancement of the local community through capacity-building, education, social progress and the creation of business opportunities.
- Enabling employees by investing in their potential and using their capacities as agents of change.
- Strengthening suppliers by setting high social, environmental and quality standards along the supply chain and developing their capacities.
- Building strong partnerships on regional, national and global levels to achieve common objectives for a better future.
This commitment obliges the company to engage with its stakeholders, be accountable to its shareholders and to disclose publicly if it is achieving its targets and keeping its promises. For example, Atlantic has placed significant focus on its relationship with suppliers. It has given itself a mandate to contribute to the longer- term development of these suppliers through capacity building and by requiring them to meet exacting social, environmental and quality standards. In so doing, it is increasing these suppliers’ value to the oil and gas industry and economy as a whole.
20 Years of Community Development
Atlantic accepts its role in society goes beyond being a significant contributor to the economy. Nowhere is this more important than its home community of Point Fortin, where Atlantic uses its financial resources and employees’ time and talent to support sustainable growth and economic development. Beyond its home community, the business actively engages with its stakeholders in the areas of sport, education, local economic development and the environment.
Sport
The transformational power of sport allows for programmes which aim to inspire young people to be more active and take ownership of their own physical well-being, while at the same time developing the positive attitudes, behaviours and life skills critical to the development of young people.
Atlantic’s Commitment to Sport
Atlantic has provided financial support and partnered with various organisations to deliver programmes for young people including primary school swimming, tennis, cricket, football and track and field. For example:
- Atlantic has partnered with six of Trinidad and Tobago’s brightest sporting talents in an effort to motivate children and encourage them in their own pursuit of sporting and personal excellence.
- Since 2011, Atlantic has partnered with the Real Madrid Foundation, to offer football and life skills development to boys and girls from the ages of 7-14, via the Atlantic Real Madrid Foundation Social Sports School.
- For over a decade Atlantic has sponsored primary cricket and football leagues, which are organised by the National Primary Schools’ Cricket and Football Boards respectively, under the auspices of the Ministry of Education.
- Atlantic’s partnership with the National Primary Schools’ Track and Field Association enables them to facilitate the development of track and field amongst primary school students through a series of zonal and district meets, a national three-kilometre race and a one-day championship event.
- Tennis and swimming programmes have also been developed to support students from primary schools in Point Fortin and beyond.
- The Atlantic Coaching Excellence (ACE) Programme was created in response to the need to build the capacity of primary school coaches. It provides an avenue for these coaches to be professionally certified to coach young children, thus ensuring a high level of technical ability, as well as an understanding of the non-technical requirements of junior coaching.
In 2018 alone, over 15,000 children across the country participated in sporting initiatives supported by Atlantic.
Cricket – 5,600 children
Community Sports – 4,100 children
Football – 4,800 children from 331 schools
Track and Field – 1,030 children from over 400 schools
Education
Access to education and skills training is critical to development. As a result, Atlantic’s partnerships in this area, such as the National Energy Skills Centre (NESC) Skills Training Programme, are designed to address local needs and interests. These include both traditional and non-traditional paths, recognising that technical and vocational skills training create opportunities for young people to access employment. Atlantic’s focus on education and skills development is also evident within the business. Almost 500 people have benefitted from its apprenticeship, internship, operator trainee and marine trainee programmes since their introduction.
Local Economic Development
Atlantic has a long history of supporting programmes aimed at improving livelihoods and fostering socio-economic growth in its home community. This is achieved by equipping residents with the resources necessary to take greater ownership of their community’s development.
Environment
Atlantic’s focus on the environment is based on an understanding that natural resources are finite, and that as a large energy intensive business, it has a responsibility to manage these resources prudently. To this end it has invested heavily in reducing the impacts of its operations and supporting environmental conservation, awareness raising and youth empowerment efforts. Apart from its conservation efforts with the local turtle population, the company has been focusing on educating our young ones about environmental protection. The Atlantic Environment Education series engages children within primary schools to ensure that respect for the environment is fostered at a young age.
Over the last 20 years Atlantic has been amongst the leaders demonstrating how the private sector should engage and support its suppliers, ensure the health and safety of staff, measure and report on progress, contribute to local communities and support the preservation of our natural environment. The company has made substantial progress towards its goal of moving a generation ahead.
3 yr. Performance data:
|
Measure of Performance |
Unit of Measure |
2018 |
2017 |
2016 |
|
Tax Contributions |
||||
|
Corporation Tax |
Mn US$ |
$234.2 |
$218.6 |
$215.4 |
|
Green Fund Levy |
$8.9 |
$6.3 |
$5.0 |
|
|
Witholding Tax |
$8.3 |
$6.2 |
$7.3 |
|
|
Total |
$251.4 |
$231.1 |
$227.7 |
|
|
Employee and Supplier Development |
||||
|
Total employees |
# |
567 |
621 |
706 |
|
Staff salaries and benefits* |
Mn US$ |
$55.7 |
$60.7 |
$66.6 |
|
Training and development spend |
$0.5 |
$0.8 |
$0.5 |
|
|
Local suppliers supported |
# |
537 |
542 |
538 |
|
Spend on local suppliers |
Mn US$ |
$115.4 |
$100.3 |
$144.0 |
|
Community Investment |
||||
|
Sports |
US$ |
$660,230 |
$699,999 |
$651,784 |
|
Education |
$193,410 |
$216,585 |
$215,951 |
|
|
Local Economic Development |
$257,756 |
$407,069 |
$172,674 |
|
|
Environment |
$172,683 |
$122,855 |
$171,683 |
|
|
Other community contributions |
$498,812 |
$585,544 |
$457,703 |
|
|
Total |
$1,782,891 |
$2,029,052 |
$1,669,795 |
|
*Staff salaries and benefits include PAYE