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Sustainability Report
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2016 Sustainability Report
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2017

Feature: OECD: Inclusive Growth

Vermilion was honored to participate in the launch of the OECD’s Roundtable on Inclusive Growth and Business, which brought together leading experts on sustainability and business, and provided important recognition of our work in this area.

The Inclusive Growth Roundtable, held at OECD headquarters in Paris on Nov. 15, 2016, was an initial conversation on inclusive growth and how the business community is addressing it. Participants included the General Secretary of OECD, the State Secretary of Labor and Education for Slovenia, the Chairman of the White House Council of Economic Advisers, as well as Ambassadors and Ministers from OECD member and partner countries, and selected business leaders Danone and Vermilion Energy.

 

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How does Vermilion define inclusive growth?

For Vermilion, inclusive growth means making sure that everyone has an opportunity for economic advancement, regardless of their economic class, gender, religion or disability. We look at this as long-term capacity development, focusing on productive employment for our employees, contractors and local suppliers. 

We also undertake environmentally sustainable development, having examples of these projects in several countries. And, we stress strategic community investment in the locations in which we operate, identifying critical community needs where our financial contributions and our employees’ volunteer time can make a difference.  

Inclusiveness is focused on equality of opportunity and capacity-building for our local labor force, our business partners that supply us, and our local communities. Here are a few examples:

Projects such as these are demonstrating that green growth, sustainable growth and inclusive growth go hand-in-hand. They have carbon emissions, developed co-industries that can last for long periods of time, and led to substantial increases in employment, often in under-developed small-town and rural areas.

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