As a major energy operator, it is our responsibility to contribute to the development of our host countries, particularly in the regions where our sites are located. Going above and beyond our contractual obligations, we ensure that our operations create value and opportunities by supporting employment, training and the local industrial fabric.
Why it matters
A source of energy can be an invaluable driver for progress, but one that needs to be nurtured and stimulated. For this reason, host countries and local communities expect energy companies to actively contribute to their socio-economic development.
Fully committed to the same goals and aspirations, we have made shared development an integral part of our business model. Closer integration with local communities means we can make a lasting and sustainable contribution to the economic and social development of our host regions.
A comprehensive and integrated approach to local economic development
Our ambition is to take action and be recognized as a partner in the sustainable social and economic development of the communities and regions where we operate. To achieve this goal, we have created a comprehensive and integrated approach to local economic development called In-Country Value. The approach is founded on dialogue with our stakeholders and it enables us to establish development priorities together and create long-term synergies.
Our local economic development policy is focused on three main areas:
- Training and hiring of local staff.
- Purchasing local goods and services.
- Developing infrastructure.
Through this commitment, we are strengthening the local socio-economic base, furthering the development of industrial capacity and facilitating skills transfer.
Education and Training: Core Components of Local Economic Development
Education and training are key in developing the human capital of our host countries and creating shared value.
To promote local hiring, we have set up job-oriented training programs for technicians as well as managers.
In tandem, as a way of contributing to the emergence of national talent and the creation of skilled jobs, we offer local and international scholarships to students in host countries.
Encouraging entrepreneurial spirit and SMEs
Contributing to local economic development is also about providing the communities around us with the means to shape and manage their development independently and based on their own priorities.
That's why we're focusing our efforts on the development of the industrial base and SMEs:
- In France, Total Développement Régional offers financial support for new businesses.
- Internationally, we support entrepreneurs in creating or developing their business plans through coaching programs and microcredit lending.
Total Développement Régional: Supporting SMEs
To contribute to regional economic development, Total Développement Régional (TDR) supports French SMEs in partnership with local socio-economic agents by providing:
- Financial support for starting, taking over or developing a business.
- Assistance that innovative SMEs can use for technological innovation projects and during the pre-manufacturing stage in our areas of expertise.
- Help with exporting so that French SMEs can expand internationally.
Helping to strengthen local job markets
To contribute to local economic development in a responsible way, it is important to be involved throughout the life cycle of industrial projects. As a responsible industrial player, we anticipate our own industrial transformations and their related impacts. When one of our sites has to transform to adapt to the market, we offer guidance and support to partner companies to preserve local jobs, thereby helping to strengthen the economic and industrial fabric of the local job market.
We work closely with other local players, including economic development organizations and chambers of commerce and industry.
We have chosen to anticipate major changes to ease the transition process for our refining and petrochemical operations in Europe. Find out more about the innovative community engagement strategy we've adopted.