Nexen commits to sustainable Water Management Project in Yemen.
At Nexen, values matter. Our company culture fosters responsible and ethical choices, an environment where every employees action is a transparent window on Nexens integrity. Nexens goal is to build successful, sustainable partnerships in communities where we operate. As a part of our involvement in the United Nation Global Compact initiative, Nexen was one of the first companies to partner with the UN in developing a US $2 million, three-year water and sanitation project in Yemen. Communicating these initiatives and others to our stakeholders, shareholders and partners has been achieved through our annual report, intranet website and a variety of internal communication media. Our communication on progress report will be highlighted in our 2003 Sustainability Report to be released later this year.On April 24, 2004 representatives from Nexen Inc., the United Nations Development Program (UNDP) and the Government of Yemen signed a project document in a joint initiative to promote water management and sanitation in Masila-Hadhramout, Yemen. Nexen will commit US $1 million to the project, which will promote water resource management, community water supply and sanitation and capacity building in the vicinity of Masila Block 14. The UNDP will commit US $.5 million and the Canadian International Development Agency has also indicated their intent to participate.
The project aims to achieve four complementary objectives:
enhancing access to clean water for drinking and domestic use and conserving this scarce resources;
improving health by preventing the incidence of diseases caused by unclean water and poor hygiene;
promoting conformity to principles and practices that ensure environmental protection and sustainability, especially with regard to disposal of wastewater, effluent and solid waste;
strengthening local institutions, particularly at the Governorate, Local Council and community levels to operate effectively in support of the community-based development goals in general, and sustainable water resource management, supply and sanitation services.
The project serves to stand as a model of joint UN-private sector cooperation and a template for future replication throughout Yemen.
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