November 26, 2014, Brussels- Newmont Ghana Gold Limited’s flagship Corporate Social Responsibility Initiative, The Newmont Ahafo Development Foundation, NADeF has been adjudged the best Social Impact investment vehicle by the European Union. The recognition was given at an award ceremony in Brussels, at the EU-Africa Chamber of Commerce’s maiden annual CSR in Africa Award The African Chamber of Commerce aims to promote CSR best practices in Sub-Saharan Africa, showcase CSR as a tool of performance and competitiveness and encourage shared-value approaches to help ensure inclusiveness and sustainability in Sub-Saharan Africa’s development.
The Community Development Manager of Newmont Ghana Gold Limited, and Executive Secretary of NADeF, Joseph Danso, who received the award on behalf of the Company, said he encourages Newmont, NADeF and its partner stakeholders to continue to pursue its vision of supporting communities to achieve prosperity and self-reliance.
Over 40 companies in Sub-Saharan Africa applied for the award out of which eight (8) were nominated to receive five awards; Sustainable Economy, Social Impact, Environment/, EUACC-Be Inspired and EUACC- Promising Project.
The President & Executive Manager of the EU-Africa Chamber of Commerce, Serguei Ouattara congratulated the award winners and said ‘It is not just the volume of economic activities that determines development, but also how business is carried out which impacts people, the economy and the environment’.
Newmont Ghana Gold Limited established the Newmont Ahafo development Foundation (NADeF) in 2008 to serve as the main driver of Corporate Social Responsibility in the ten Ahafo communities in which they operate to ensure sustainable development. Newmont contributes a dollar per ounce of its annual gold production and one per cent net profit each year to support various development initiatives in the mine’s catchment area in the Brong-Ahafo region of Ghana.