Community engagement is a fundamental sustainable development commitment. Our objective is to incorporate sustainable development principles, including the needs and concerns of our stakeholders, in our business decisions and ensure that we prevent, mitigate and ameliorate the social impacts of our operations.
ZCMC extensively funds various programs and community activities in the Syunik region and throughout Armenia since 2005. Our community programs restate our commitment toward continuous improvement in our social assessments, interactions with our stakeholders, community partnerships and local development programs.
We put much effort in understanding the social, environmental and economic implications of our activities so we can optimize benefits and reduce negative impacts, both for the local community and for the overall economy. We discuss mutual benefits and obligations with central and local governments and community representatives, and agree on the objectives that will secure long term results.
Community assistance programs include urban development, training, employment, community based health and social and cultural heritage initiatives. We see these programs as the added benefits to the communities designed to make a difference to the local economic and community development.
The table below outlines the level of funding over the period of 2006-2009, provided to various state, local and other entities for implementation of different programs.
Entity |
Funding provided by year |
|||
2006 |
2007 |
2008 |
2009 |
|
Local government entities of the RA |
511,531 |
1,096,613 |
794,208 |
130,992 |
Sport entities of the RA |
188,384 |
315,024 |
514,232 |
304,793 |
Healthcare entities of the RA |
59,602 |
73,824 |
24,399 |
- |
Cultural and educational programs |
165,856 |
176,650 |
91,048 |
60,922 |
Educational entities of the RA |
351,970 |
271,905 |
59,737 |
12,809 |
Benevolent and public organizations |
461,138 |
566,111 |
279,616 |
839,041 |
Government entities of the RA |
522,514 |
548,466 |
67,432 |
21,476 |
Total |
2,260,998 |
3,048,597 |
1,830,675 |
1,370,036 |