Corporate Social Investment PDF Print

Corporate Social   Investment

Overview

The MVA Fund recognizes its obligations as a corporate citizen towards its stakeholders and the communities within which it functions. Accordingly, the Fund is committed to invest in social causes that will enhance its strategic position within corporate Namibia hence converting every investment into a strategic opportunity. The Fund’s Corporate Social Investment Programme encompasses projects undertaken for the purpose of social, developmental or community building, where the investment is a long-term investment that will enhance the Fund’s strategic position. This is to be achieved through the integration of the social investment strategy with the Fund’s business strategy.

It is recognized that every citizen in Namibia is a stakeholder of the Fund as they are all susceptible to motor vehicle accidents. It is also recognized that the MVA Fund is funded by a levy on every litre of fuel sold every time a driver/owner of a motor vehicle fuels his/her car, making them automatic stakeholders of the fuel levy system – the MVA Fund. The Fund’s CSI is a realization of the symbiotic relationship that exists between the Fund and the Namibian community. In many cases the Fund owes its successes and existence to the greater Namibian community, whilst in reciprocity, the community are in need of sustainable partnerships with the corporate in order to provide a better living standard for themselves and their children.

Above all, as embedded in our vision statement to ‘provide peace of mind to all accident victims’, this statement expresses the ‘caring’ nature of the Fund. It is therefore important that the Fund has a CSI policy that would contribute to the country’s economical and social stability and in turn assist the Fund to attain its strategic objectives. The MVA Fund’s CSI budget shall not exceed 2 % of the Fund’s total income.


Scope of MVA Fund CSI Programme

The MVA Fund’s CSI is established to benefit individuals/institutions/clubs who demonstrate potential in contributing to the attainment of the Fund objectives and upliftment of Namibia’s developmental and empowerment goals. These shall focus in the following areas:

4.1 Education and skills development in line with MVA Fund business
4.2 Social grants to learners faced with socio-economic challenges as a result of motor vehicle accidents.
4.3 Institutions representing people with disabilities.
4.4 Persons with disabilities emanating from motor vehicle accidents
4.5 Foster and cement strategic partnerships


The objectives of the Motor Vehicle Accident Fund’s CSI policy are:

3.1 To provide a framework through which the Fund demonstrates the caring value of the Fund.
3.2 To contribute to governments efforts of economic upliftment, and poverty eradication programmes in line with vision 2030..
3.3 To build strategic partnerships which will help the Fund realize its strategic objectives.
3.4 To assist persons with disabilities emanating from motor vehicle accidents who did not benefit from the Fund.
3.5 To assist institutions or associations representing people with disabilities.
3.6 To enhance the Fund image by establishing a corporate brand identity that is concerned with the welfare of its people.

Highlights on 2008/2009 Awards

For the Financial Year 2008/09, the Fund sponsored the following projects/activites:

Education and skills development in line with MVA Fund business

1. N$ 640,000.00 worth of Bursaries to eight students studying towards paramedics at South African Universities.
2. N$ 400,000.00 worth of Bursaries to 20 students studying towards a Bachelor of Technology in Emergency Medical Care with the Polytechnic in partnership with the Cape University of Technology.
3. N$ 1,3Million towards the institutional setup for the Emergency Medical Care Programme at Polytechnic

Institutions representing people with disabilities

1. N$ 100,000.00 towards Disability Sports Namibia
2. N$ 41,293.29 towards the refurbishment of the of the Spinal Cord Injuries and Head Injury wards at Katutura and Central Hospital respectively.
3. N$ 35,000.00 to the British Council “Look at me” disability exhibition

Persons with disabilities emanating from motor vehicle accidents


1. N$ 51,160.19 towards the MVA Fund wheelchair fun-ride
2. N$ 100,000.00 towards wheelchair donations to persons involved in motor vehicle accidents

Ambulances

1. N$ 50,000.00 contribution to Auas Rotary Club as a contribution towards the procurement of an ambulance
2. N$100,000.00 to Luderitz Municipality as a contribution towards the Luderitz ambulance

Last Updated on Wednesday, 08 July 2009 13:19