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Corporate Social Investment Policy

Staatsolie uses the following definition for CSI: “CSI is Staatsolie's voluntary contribution to the community in general and in particular to the communities in the immediate vicinity of its operations, in the form of non-core activities such as capacity building, technical and/or or financial assistance.”  
 
Within Staatsolie's CSI policy, self-sufficiency and independence from Staatsolie are encouraged as much as possible. 
  
This page details our CSI policy. 

At Staatsolie, we distinguish between two types of support:

  1. Community Development: Staatsolie Foundation
  2. Donations.

 

Below, you will find more information about these two types of support.

 

Community Development: The Staatsolie Foundation 

Staatsolie helps through the Staatsolie Foundation strengthen communities with projects that make a lasting difference. We choose projects that improve people's lives and bring positive change, with a focus on sustainable growth and long-term results.

Characteristics of Community Development Projects:

 

  • Sustainability:
    Projects are aimed at providing long-term benefits and a lasting impact.

  • Longer Duration:
    Typically longer than one year.

  • Budget > USD 5,000:
    Projects generally require a budget of more than USD 5,000.

Submit request

Donations

Staatsolie provides donations with a direct impact to realize solutions for urgent situations in the community.

 

Characteristics of Staatsolie Donations:

 

  • Sustainability:
    Donations are aimed at immediate emergency relief.

  • Shorter Duration:
    Typically shorter than one year.

  • Budget < USD 5,000:
    Donations generally require a budget of less than USD 5,000.

Submit request

 

 

 

 

 

CSI Focus areas and categories we support are:

  • Health
  • Sports
  • Education
  • Socially vulnerable groups
  • Arts and Culture
  • Capacity building
  • Environment

 

 

The main criteria to qualify for support from Staatsolie are:

  1. Budget:
    A detailed budget must be included with the application.

  2. Organization:
    The application must come from a recognized non-profit organization or community platform (e.g., Foundation, NGO). Unfortunately, sponsorship is not available for individuals.

    Note: Requests of an individual nature will not be honored.

  3. Sustainability and Urgency:
    The project must have a sustainable impact or address an immediate need and must fall within one of the selected CSI focus areas.

  4. Project Requirements:
    The application must not have a political, religious, recreational, or operational nature. It should not only serve the interests of one person or a small group, except in cases of exceptional talent development or international promotion of Suriname.

  5. Own Contribution: A contribution from the organization can positively influence the assessment of the application.