Yancoal is committed to supporting the communities in which it operates, investing in projects and initiatives that make a genuine positive difference and lasting change. Yancoal’s community investment is predicated on a two-tiered approach; a site-based locally focussed community support program and a suite of corporate community support partnerships.
CORPORATE PARTNERING PROGRAM
The Yancoal Corporate Partnering comprises several (generally multi-year) partnerships with third parties aligned with Yancoal’s purpose. Yancoal has established partnerships with:
The Clontarf Foundation: The Clontarf Foundation exists to improve the education, discipline, life skills, self-esteem and employment prospects of young Aboriginal and Torres Strait Islander men and by doing so equips them to participate meaningfully in society. During the reporting period, Yancoal completed its second year of a rolling three-year partnership with the Clontarf Foundation, providing $100,000 to support Indigenous youth education services throughout Australia.
Queensland University of Technology: Yancoal has committed $600,000 over three years to support the Queensland University of Technology’s Cancer and Ageing Research Program (CARP). In its first year of this partnership, Yancoal’s funding has enabled the employment of two full-time cancer researchers within the CARP team to advance their research and help facilitate cancer clinical trials, which will benefit all Australians.
SITE-BASED COMMUNITY SUPPORT PROGRAM
Going beyond its established role as a key employer in the regions where we operate, Yancoal’s site-based Community Support Program is specifically designed to invest in projects, programs and initiatives capable of making a difference to the lives of others. Each year, Yancoal allocates funds at a site level to support community groups and programs operating across the areas of:
- Social and Community;
- Environment; and
- Education and Training.
During 2018, Yancoal’s Community Support Program invested more than $380,000 into local initiatives across Australia. The Community Support Program funding has:
- Enabled the development and implementation of educational and training projects;
- Supported the rescue and rehabilitation of protected local wildlife;
- Sponsored key community events, groups and clubs;
- Refurbished community facilities; and
- Supported disadvantaged community support groups who may otherwise struggle to achieve their funding targets.