Strategic investment in our communities is part of Vermilion’s corporate DNA and helps us fulfill our mission of delivering superior rewards to investors, employees, partners and the communities in which we operate.
Our people care about their communities and they expect Vermilion to care too. Pride in the ways that we give back to the community continues to be a top scoring item in our annual Great Place to Work® survey: 97% of staff in Canada responded favourably to the 2016 survey statement “I feel good about the ways we contribute to the community.”
Through our Vermilion Ways of Caring program, we give back, we give time and we give together. This approach to community investment exemplifies “The Vermilion Way” of getting things done – through leadership, embracing responsibility and achieving excellence.
"We are thrilled to see the investment Vermilion Energy has generated not only through financial contribution, but also the ambassadors the employees locally have become for our program in the community. I don't believe that there has been a sponsorship model like Vermilion's in this community prior to Vermilion coming on board ... it can certainly be asserted that [Vermilion] has been influential. Within the last two years, the Town has been approached by several companies interested in building a sponsorship built around meaningful engagement. I believe that this has occurred because of how Vermilion Energy has established it's sponsorship program within the ECDC (Early Childhood Development Centre)."
- Town of Drayton Valley
In 2015, the total value of Vermilion’s community investments was over $1.3 million. These investments were focused in four key investment areas:
We provide funding for the wide variety of non-profit and charitable organizations that our staff support through their personal volunteer time. In 2015, 61 grants recognized the 9,079 hours our people invested of their own time towards the causes and community organizations that meant the most to them.
We encourage our people to spend up to two days per year volunteering on company time as part of a team or corporate day of caring project. These hands-on opportunities help us to not only put caring into action, but also help to build genuine and authentic relationships between our people and between our company and the communities where we operate.
In 2015, staff in North America, Europe and Australia took part in corporate and team days of caring amounting to 1,995 hours of volunteering during company time. This is largely consistent with 2014’s figures, and demonstrates our staff’s continued commitment to the community.
Sustainable Funding Model for Community Investment
In 2015, we developed a sustainable funding model for our Vermilion Ways of Caring program. The model uses a formula that links the community investment budget to key business performance metrics. We believe this will help provide stable funding for community investment over time, link investing in our communities with company success, level out one-time spikes or drops in annual revenue, align Vermilion with other community investment leaders, and position Vermilion as a company that leads by example.
United Way of Calgary & Area recognized our 2015 workplace campaign’s backpack mountain as one of its “Top 5 Campaign Moments” – our staff filled some 200 backpacks for Inn from the Cold, a local charity that focuses on supporting families that are homeless.
What Vermilion employees had to say:
“Vermilion is great at giving its employees opportunities to give back to the community. Even through these tough economic times they continue to be stewards in helping the community.”
“The emphasis placed by the management and employees to giving back through charitable works to each and every community that the company operates in is unique and exceptional, based on my 25+ years experience in this industry.”
“Community involvement participation and encouragement by everyone is amazing.”
“The organization has a focus on giving back to the community. Even in hard times, they keep up with the work they do to support those in need.”
“One of the best things about Vermilion is the giving back to the community. The Days of Caring this year were at Woods Homes to help troubled kids. It’s great to see what a team of people can do in a day. Not only is it a chance to work with others from different departments but there is a real sense of satisfaction at the end of the day knowing that we have made a difference. The management is very approachable and down to earth. They really do care about us.”
"Commitment to community investment, especially for company this size. Focus on sustainability - company wants to be a leader. New Year's Party at Chateau Lake Louise for employees and their families - includes babysitting and age-appropriate children's parties. Geographical diversity (in politically stable areas) of our operations makes for interesting work. Our work group is involved in the community and respected for both our community work and in the manner we conduct our business."