Social Economic Investment

Unlocking East Africa’s Potential

EACOP SOCIAL ECONOMIC INVESTMENT PILLARS (SEI)

Sustainable Development & Shared Value (Social-Economic Investment)

EACOP aims to contribute to sustainable development in Uganda and Tanzania through ‘shared value’.

Shared value is defined as “policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities in which it operates. Shared value creation focuses on identifying and expanding the connections between societal and economic progress” (Shared Value Initiative, 2023).

The concept of shared value follows the United Nations (UN) definition of sustainable development as “development that fulfils present needs without jeopardizing the ability of future generations to meet their own requirements” (UN, 1987).

Existing/planned EACOP construction and impact mitigation activities will generate shared value for the societies and environment in which they occur, prior to discretionary SEI and CSR spending.

EACOP Sustainability Priorities

EACOP is committed to deliver and enhance social, economic and environmental benefits through sustainability priorities which align with the UN SDGs. These priorities represent a nexus of EACOP shareholder sustainability commitments and where EACOP activities present the greatest opportunities to make a positive social, economic and environmental impact.

Sustainability Objectives:

The sustainability objectives are drawn from EACOP’s sustainability vision and the expectations of EACOP’s stakeholders.

To contribute to achieving the United Nations (UN) Sustainable Development Goals (SDGs) in Uganda and Tanzania, through shared value.
To further the social, economic and environmental sustainability priorities of our shareholders.
To demonstrate good international industry practice beyond compliance with the International Finance Corporation (IFC) Performance Standards (PS) on Environmental and Social Sustainability.
To maintain a license to operate in Uganda and Tanzania.
To meet our stakeholders’ expectations, wherever possible.

Sustainability Priorities:

The sustainability priorities represent a nexus of EACOP shareholder sustainability commitments, and where EACOP activities present the greatest opportunities to make a positive social and environmental impact: