Question

13. Late Assignment submission shall not be accepted. Case Study: Oman LNG Oman LNG celebrates three years of CSR initiative June 30, 2018 2:30 PM by ONA Muscat Oman LNG celebrated the third anniversary of the establishment of Oman LNG Development Foundation (ODF). The first of July marks the start of the foundation's pioneering Corporate Social Responsibility (CSR). CSR has been an integral part of Oman LNG with a focused objective: to deliver tangible value to Oman and its people through social investment. Oman LNG annually allocates 1.5 per cent of its net income after tax to various social investment and sustainable programmes, a commitment set when the company was founded. Even before the first cargoes left the Liquefied Natural Gas (LNG) plant in early 2000, the company invested in sustainable projects for the community To further strengthen its robust CSR efforts with more focus and prominence, Oman LNG's board of directors decided to establish an independent legal entity back in 2009. July 1, 2015, marked the operational start-up of ODF Oman LNG has an ambitious vision and dedication towards CSR through the Oman LNG Development Foundation. The foundation addresses four key pillars of sustainable social development: the first pillar being CSR delivered through a Community Fund targeting initiatives related to the Sur community, where its world-class, three-train liquefaction plant is located, a National Fund that covers social development programmes across the nation, and a Reserve Fund to provide CSR continuity and sustainability, the second pillar helps deliver value for Oman LNG; the third secures the future through collaborations and investments, and finally, the fourth, a centre of excellence, enables others to develop CSR initiatives Attesting to the company's high degree of CSR practices, thorough standards of review and implementation, the foundation has been recognized locally and globally. Most recently, the Foundation was honored in 2017 as the Best Company in CSR through "His Majesty Sultan Qaboos Award for Voluntary Work, the highest achievement for CSR attainable in the Sultanate. The company was also recognized regionally as the Best Company in Social Investment in the Arab World in the "Arab Best competition. Since inception, the unique CSR model has been showcased worldwide, representing Oman at key events and extraordinary engagements, such as the Arab League and the World Gas Conference, both of which took place this year. "We are pleased with the achievements of Oman LNG Development Foundation within a short period since it was launched. Such success reflects the desired strategic objectives anticipated from our shareholder, Oman LNG, and the community. The Foundation promotes CSR and In-country value," said Sheikh Khalid Al Massan, CEO of Oman LNG Development Foundation.

Answer 1

1 the given paragraph shows the corporate social responsibility under taken by the famous company in OMAN LNG.as a part of their 30th establshment anniversary they were constitute a foundation called OMAN LNG DEVELOPMENT FOUNDATION.MR SHEIKH KHALID AL MASAN Is the CEO of the community

TO DELVER THE TANGIABLE VALUE TO OMAN is the prime objective of the OLNGDF. They undertaken the concept of social investment, various activities under taken by the company under this foundation.

the four pillers of sustainable social development are

1 csr deliverd  through a common community fund targeting initiative toit sur community, it is a national fund covers the social responsibility programme

2 it also a reserve fund for sustainability and continuity it helps to give value to the community

3 it helps for the futuyre collabarations and investments

4 it is a center of exellence

the foundation get wide acceptance locally as well as an international basis, the company get an appreciation of award in 2017 in the name of majestry sulthan quaboob social work award and also get the award for best company in social investment in gulf region.

at present with a spam of short period the company under take various activities to generate sustainability. , presently company under taekn around 6000 projects through social investment in education,health, preserving the intrest of the environment,road saftey etc also company taking various investment avenues go in hand with private as well as public sector companies.

2 the oman LNG Provides the necccesity expertise to manage large projects and investments to ensure sustainability of the project to generations.at present with a spam of short period the company under take various activities to generate sustainability. , presently company under taekn around 6000 projects through social investment in education,health, preserving the intrest of the environment,road saftey etc also company taking various investment avenues go in hand with private as well as public sector companies. the company also get many achivements awards and recognitions

3

OMAN LNG.as a part of their 30th establshment anniversary they were constitute a foundation called OMAN LNG DEVELOPMENT FOUNDATION.MR SHEIKH KHALID AL MASAN Is the CEO of the community

TO DELVER THE TANGIABLE VALUE TO OMAN is the prime objective of the OLNGDF. They undertaken the concept of social investment, various activities under taken by the company under this foundation.

the four pillers of sustainable social development are

1 csr deliverd  through a common community fund targeting initiative toit sur community, it is a national fund covers the social responsibility programme

2 it also a reserve fund for sustainability and continuity it helps to give value to the community

3 it helps for the futuyre collabarations and investments

4 it is a center of exellence

the foundation get wide acceptance locally as well as an international basis, the company get an appreciation of award in 2017 in the name of majestry sulthan quaboob social work award and also get the award for best company in social investment in gulf region.

at present with a spam of short period the company under take various activities to generate sustainability. , presently company under taekn around 6000 projects through social investment in education,health, preserving the intrest of the environment,road saftey etc