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ANNUAL REPORT 2014
A SHORT NAME WITH A STRONG MEANING
In order to express Sinopec-Addax Petroleum
Foundation’s activity in one word, we have
chosen a tagline : “addhope !”. “Add” expresses
the added value that Addax Petroleum,
the founding company, wants to bring to social
issues ; “hope” illustrates the Foundation’s
spirit in its fight against poverty and its capacity
to give renewed hope to the most
underprivileged by opening up new horizons.
We have a sole conviction that every human
being has the strength and capacity to succeed
in life when access to knowledge, quality
medical care, and proper sanitary and
environmental conditions are guaranteed.
This is the goal the Foundation sets itself in all
its partnerships.
CONTENTS
3 	 Chairman’s message
5 	 The Board of Directors and the Team
6 	 The Foundation
Women empowerment
10	 Morocco - Developing early childhood education
12	 China - Enhancing women empowerment
Agricultural leverage
16	 Zambia - Enhancing food security
18	 Ivory Coast, Cameroon and DRC - Training young rural entrepreneurs
20	 Guinea and Republic of the Congo - Transferring skills to improve nutrition
Community entrepreneurship
26	 Uganda and Rwanda - Supporting economic viability
30	 Kurdistan Region of Iraq - Promoting small-scale farming
32	 Tanzania - Teaching sustainable practices
Secure livelihoods
38	 Ghana - Improving an orphanage’s self-sufficiency
40	 Togo - Securing water and electricity supply
42	 Ghana - Encouraging kidney transplants to save lives
Employee volunteering
46	 Evaluation trips and volunteering missions
50	 Fundraising – Geneva Marathon & Cyclotour du Léman
	 Clothing donation – Caritas Geneva
Addhope Forum
54	 Addhope Forum 2014
Financial statements
58	 Report of the statutory auditor
59	 Financial statements
60	 Notes to the financial statements
We have at heart to develop and
diversify our ways of accompanying our partners :
project monitoring, field visits,
dialogue to overcome challenges, collaborative
progress and skill sharing
CHAIRMAN’S MESSAGE
Dear reader,
2014 was another busy year for the Foundation filled with fruitful collaborations to meet
one common objective : alleviate poverty and develop the skills that allow men, women
and youth to meet their needs. In this report, we chose a thematic presentation of our
activities. We hope that it will guide you and help you depict the scope of challenges
addressed via the projects supported by our Foundation.
Beyondourfinancialsupportwehaveathearttodevelopanddiversifyourwaysofaccom-
panying our partners : project monitoring, field visits, dialogue to overcome challenges,
collaborativeprogressandskillsharing.Withthisinmind,Iamdelightedandproudtohave
seen employee volunteering – which was initiated last year – escalate and strengthen
the ties between the company, our founder and funder, and the Foundation. Indeed, four
employees devoted their time and energy by visiting projects in three countries, thus
nurturing the relationships with our NGO partners and sharing their professional and
personal talents whilst undergoing a once-in-a-lifetime experience.
Forthesecondconsecutiveyear,weorganisedtheAddhopeForuminGeneva.Thisevent
was a renewed opportunity to gather players from all walks of the development world :
public and private sectors as well as NGOs, international organisations and diplomatic
representations. We had the pleasure of welcoming a melting pot of knowledge and
skills in particular on the rise of key agents of change – women and youth – and new
models of mobilising financing for development. I would like to take this opportunity to
once again warmly thank all the speakers, moderators and participants who responded
to the call and actively contributed to addressing these essential topics.
Finally, I would like to extend my gratitude to our company and its shareholder Sinopec
for their support, to the members of the Board for their time and precious contributions,
to our NGO partners for their valued trust, to the Foundation’s team for their hard work,
to the volunteers for their devoted commitment and to you dear reader who honours us
by taking the time to follow our work.
Yi Zhang, Chairman
3
THE BOARD OF DIRECTORS
Committed to purposeful corporate philanthropy
THE TEAM
Committed to making a difference
YI ZHANG
Chairman
MARIE-GABRIELLE CAJOLY
Executive Director
JIFENG YE
Board Member
ADI CHAYTO
Coordinator
ROBERT BULSTRA
Board Member
THE FOUNDATION
TheSinopec-AddaxPetroleumFoundationisanon-profit
independent entity registered in Geneva, Switzerland.
Founded by Addax Petroleum Corporation (APC), its
main backer, it also benefits from the support of the
Sinopec Group, shareholder of APC.
Our goal is to address the root causes of poverty and to
helpdeprivedcommunitiesbystrengtheningtheirskills
andbyprovidingthemwiththeappropriateconditionsto
reach self-sufficiency in a sustainable way. To this end,
the Foundation supports projects in Africa, the Middle
East and China, focusing on :
Tomeetthisobjective,theFoundationprovidesfinancial
and technical support to non-governmental organisa-
tions (NGOs) designing and carrying out sustainable
development projects.
educationhealth environment
OUR PHILOSOPHY
Creating conditions for long-term self-sufficiency
The Foundation endeavours to strengthen the skills of
vulnerablecommunitiesandindividualsbyimprovingtheir
livingconditionsonaneducational,medical,sanitaryand
environmental level in such a way as to enable their
social and economic rehabilitation.
Weareconvincedthathelpingmen,womenandchildrento
acquirethemeanstodevelopalifeplanandtotakecontrol
over their own destiny can contribute to reducing poverty
in an effective and sustainable way.
In this perspective, the Foundation funds programmes
thatarecross-disciplinaryandparticipative,thusleading
toautonomyandsocialintegration.Theyallaimtodevelop
and enhance potential in order to create opportunities by
overcoming the barriers of illiteracy, disease, isolation,
and water and food shortages, which impede the most
underprivileged.
OUR COMMITMENT
Addressing the root causes of poverty
TheFoundationiscommittedtoalleviatingpovertycaused
by unequal access to the most basic necessities. A large
number of people are deprived of what is essential for
everyone to live and prosper, and indispensable for every
community to develop harmoniously. Individuals and
organisationsworldwidejoinforcestoprovidetheirsupport.
The Foundation contributes to their efforts. Our work is
inspiredbytheMillenniumDevelopmentGoalsandglobal
challenges such as food shortage, lack of drinking water
andtheeffectofdiseases(includingmalariaandHIV / AIDS).
Alloftheseresultfromalackofinformation,decentsanitary
and social conditions, as well as adequate medical care.
66
OUR DYNAMISM
Involving and encouraging the voluntary participation
of employees
To strengthen solidarity between individuals from all
walks of life beyond geographical and socio-economic
boundaries, the Foundation encourages the company’s
employees to get involved in the projects that it funds.
Employeecommitmentandparticipationcreatesexceptional
dynamism and energy, fuelling the projects and enriching
relations with NGO partners.
Employee voluntarism brings an unparalleled breadth
of skills, which is of great benefit to the projects, and
gives these employees the opportunity to realise their
philanthropic aspirations. By actively participating in
identifying and selecting projects, monitoring them and
sometimes even collecting funds, the employees provide
concrete skills whilst bringing a strong human value to
the Foundation.
This commitment mainly involves forming advisory com-
mittees in charge of assessing the projects and funding
requests submitted to the Foundation. Responsible for
examining the objectives, resources, methodology and
viabilityoftheprojectsinquestion,theAdvisoryCommittee
then formulates a recommendation to the Foundation’s
Management and Board of Directors in view of a final
decision.
Furthermore, the employees can contribute individually
or in a team by :
• sponsoring projects ;
• participating in setting up partnerships providing spe-
cialised advice or technical support for project design
and implementation.
PROJECT SELECTION
Guaranteeing a sustainable and measurable impact
The Foundation funds projects that meet a certain number of cri-
teria, which include : regular monitoring, rigorous assessment
and transparent narrative and financial reporting. Selection and
approval result from a step-by-step process carried out by the
Management, the Advisory Committee and the Board of Directors.
1.	Selection by the Management team
A funding request form is available on the Foundation’s website. If
the project corresponds to the Foundation’s mission, geographical
areas and criteria, it will be preselected. This screening leads to
meetings and drawing up a comprehensive file ready for the second
stage :examinationofthefundingrequestbytheAdvisoryCommittee.
2.	Recommendation of the Advisory Committee
The Advisory Committee serves as a think tank for the Foundation.
It meets, examines all the applications case by case, and assesses
the viability of each project. It passes on its detailed comments to
theBoardofDirectorsandformulatesacommonrecommendation.
3.	Approval of the Board of Directors
The Board’s decision rests first and foremost on the coherence
between the project’s objectives and the Foundation’s mission. It
also results from in-depth consideration of the NGO’s ability to
implementanactionplanthatwillcreatetangible,measurableand
sustainable change in the lives of the most underprivileged. The
Board believes in the sound technical and financial management
of projects and the NGOs’ ability to provide transparent reporting to
the Foundation. Lastly, the involvement and respect for the dignity
oflocalcommunitiesisacrucialfactorintheapprovalofanyproject.
4.	Setting up the partnership
EachprojectapprovedbytheBoardissubjecttoapartnershipcontract
that defines precisely the duties of the partner NGO towards the
Foundation,andviceversa.Thisimpliesanefficientandtransparent
useoffundswithregardstothestatedprojectobjectives,theproject
management until its completion, the submission of intermediate
reports and of operational and financial statements by the partner
NGOuponprojectcompletion.Foritspart,theFoundationcommitsto
supportingthepartnerorganisationbothfinanciallyandtechnically,
according to a jointly established schedule.
77
8
Empowering women to achieve their
full potential can bring social and
economic change by transforming not
only their own lives, but those of their
families, communities and nations
WOMEN
EMPOWERMENT
Outputs
• Training of
21 pre-school
educators and
12 documentalists
• 70 % of trainees are
women
Outcomes  leverage
• Women employment  status
in society
• Access to better education
• Ownership by local stakeholders
• Scale up in other regions
• Socio-economic community
dynamism
11
MOROCCO
DEVELOPING EARLY CHILDHOOD
EDUCATION
Despite acknowledged efforts to increase school enrolment,
more than one million children between the ages of eight
and 15 remain outside the education system in Morocco. This
situation mainly affects rural areas and in particular young
women : 75 % of girls between the ages of 12 and 15 are either
not enrolled or have been taken out of school. By developing
the training of educators and teachers, not only is pre-school
and extra-curricular education in rural areas improved, but
access to employment for women is also enhanced.
TheFoundationstartedsupportingtheGroupementdesRetraités
Éducateurs sans Frontières (GREF) in the development of an
earlychildhoodeducationalnetworkinthecommuneofTelouet
in 2009. Thanks to this initial support, the programme, that
comprises the training of young pre-school educators and
experiencedteachersinmodernteachingmethods,manage-
ment of documentation centres, and library administration,
hasevolvedandbeenextendedtootherWestAfricancountries.
The overall aim is to ensure the projects’ sustainability by
actively involving local stakeholders and other participants.
In 2014, a “pilot class” serving as a model for pre-school edu-
cation was created in the village of Telouet on the incentive of
the GREF and the Ministry of National Education. Mainly sup-
portedbypublicfunds,itprovideschildrenwithareadingarea,
educational materials and games enhancing their physical,
emotional and cognitive skills. Based on this success, the
model was replicated and several classrooms were created
in other villages in the surrounding areas including Talatane,
Ighriss, Ozlim, Tighza, Anguelz, etc. Moreover, 30 facilitators
- 70 % of women - underwent training sessions to strengthen
their skills and learn new teaching methods adapted to the
children’s educational needs.
PARTNER
Groupement des Retraités Éducateurs sans Frontières (GREF)
www.gref.asso.fr
1
3
2
4
Outputs
• 100 % of households headed
by a women manage an
Income Generating Activity
• 123 children have access to
education, 46 % are girls
• 100 % of households
have improved sanitary
conditions
Outcomes  leverage
• Women empowerment
• Social and economic
autonomy
• Increase women’s
capacity to raise their
children
13
CHINA
ENHANCING WOMEN EMPOWERMENT
The Bu Tuo County is located in the Sichuan Province, one of
the largest (more than 82 million inhabitants) and poorest
provinces in China, where almost half of the population lives
on less than US$2 a day. Bu Tuo has a population of 140,000
people,95 %ofwhomareofYiethnicity.Withoneinfiveresidents
livinginextremepoverty,agrowingpopulationandanilliteracy
rate of 73 %, the Yi community suffers from malnutrition,
deplorable hygiene conditions and a high disparity between
men and women.
Forthethirdconsecutiveyear,theFoundationhasbeensupport-
ingFXB International in the implementation of its community
development model entitled “FXBVillage”. The programme
aims to deliver long-term improvements in health and edu-
cation, and gives economic opportunity to families providing
themwithvitalneedssuchashousing,healthcare,education
andnutrition.Itthenhelpscreatebusinessesforthosepeople,
equipping them with the necessary training and resources so
they can achieve lasting self-sufficiency and stability.
KickedoffinNovember2012withthesupportoftheFoundation,
theFXBVillageprogrammeintheBuTuoCountyaimstoprovide
vital needs to vulnerable children and their families, focusing
particularly on those whose head of household is a woman.
Currently, FXB’s work is conducted in partnership with local
branches of the Chinese Women’s Federation, which serves
women and children in communities across China.
In 2014, the FXBVillage supported 100 families including 274
children. All families enrolled in the programme developed
income-generating activities with an average gross income
of around US$82 per month and 80 % of beneficiaries having
madesavings.Intermsofeducation,63 %ofchildren,ofwhich
46 % are girls, are enrolled in school.
PARTNER
FXB International
www.fxb.org/international
Leveraging agricultural products not
only as sources of food, but as sources of
health, income and employment
can create sustainable livelihoods
for local communities, especially those
living in rural areas
AGRICULTURAL
LEVERAGE
Outputs
170 subsistence
farmers received
loans and technical
support to grow soya
and bananas
Outcomes  leverage
• Empowerment of
smallholder farmers
• Activity diversification
• Constant food supply and
improved nutrition
• Year round income
17
ZAMBIA
ENHANCING FOOD SECURITY
The Mkushi District in the Kalwa Region is mainly inhabited
by subsistence farmers who generally live below the poverty
line. Customary farming practices are insufficient to respond
eithertomarketconditionsortothecommunities’foodneeds.
Smallholder farmers rely on subsistence farming, and grow
mainly maize, which only produces annually. This generates
short-termincomereturnsandcreatesconsiderableseasonal
gluts, reducing their capacities to ensure food security.
The Foundation supports Baynards Zambia Trust (BZT) since
2011 in working to empower smallholder farmers by building
capacity and training them to develop sustainable livelihoods
through the introduction of cash crop productions - such as
bananas and soya beans - and activity diversification. An initial
loan, repaid after the first harvest, is provided to farmers for
the purchase of suckers and fertilizer in addition to technical
andbusinesssupportandtraining.Theseparticipativeactivities
aimtoimprovefoodsecurityandnutritionwithcropsharvested
throughout the year allowing a constant supply of food and an
increase in income.
In 2014, 170 subsistence farmers received technical support
and loans. This model was adopted beyond the district with an
estimated 150 farmers growing soya and bananas for the first
time. In addition, the microcredit concept of “village banks”
–with36groupsand478establishedmembers–wasintroduced
and enthusiastically received by these isolated communities.
PARTNER
Baynards Zambia Trust (BZT)
www.bzt.org.uk
Outputs
1,640 young
people trained across
the 85 FFS centres in
the three countries
Outcomes  leverage
• Boost rural
entrepreneurship
• Promote sustainable jobs
• Improve beneficiaries’
income
19
IVORY COAST,
CAMEROON AND DRC
TRAINING YOUNG RURAL
ENTREPRENEURS
In the Ivory Coast, Cameroon and the Democratic Republic of
the Congo, the agricultural sector employs more than 50 % of
the labour force. However, young people often do not have the
capacity to develop income-generating farming activities and
an increasing proportion migrates to the cities where they
hope to find a better future. Instead, they can only access
precarious and poorly paid jobs.
Since 2012, the Foundation supports the Institut Européen de
CoopérationetdeDéveloppement(IECD)intheimplementation
of a “Family Farm School” (FFS) model in these countries.
The FFS are centres for vocational training aimed at providing
young people with a complete training programme designed
tohelpthemacquireagriculturalskillsandfosterentrepreneur-
ship.They aim at boosting the local economy by enhancing
the value of agricultural jobs and expanding the use of new
farming technologies.
In 2014, 1,640 young people took part in the training pro-
gramme across the 85 FFS centres in the three countries.
In addition, 156 instructors – all with a teaching background
and/or technical expertise – were trained on how to use the
FFS course and tools to improve their vocational teaching
skills. More broadly, the overall curriculum was reviewed and
newskillsandtrainingguidesforinstructorswereelaborated
to consolidate existing ones and harmonise content, thus
improving the quality of the FFS training.
PARTNER
Institut Européen de Coopération et de Développement (IECD)
www.iecd.org
1PROJECT  3COUNTRIES
21
Outputs
• 18 trainers
from four local
NGOs were trained
• In turn, they trained
274 community
farmers and
27 students
Outcomes  leverage
• Train-the-trainer
model implemented
• Snowball effect
• Government implication
GUINEA AND
REPUBLIC OF THE CONGO
TRANSFERRING SKILLS
TO IMPROVE NUTRITION
2PROJECTS  2COUNTRIES
During an evaluation mission in West Africa, Mercy Ships not
onlynoticedthatmostexistingmedicalstructureswereseverely
inadequate, but also that lack of prevention and knowledge
about basic health care leads to tens of thousands of deaths
each day. In particular, chronic hunger and malnutrition can
causesignificanthealthproblems.Recognisingtheimportance
ofbreakingthecycleofdiseaseatitsroot,MercyShipsdecided
toimplementagriculturalonshoreprogrammesasacomple-
ment to the medical work carried out by the Africa Mercy.
Since 2011, the Foundation has been supporting Mercy Ships
throughitsagriculturalprogramme“FoodforLife”inworking
with in-country partners in Guinea and the Republic of the
Congotohelp familiesand communitieslearnpractical food-
producing skills, thereby directly reducing malnutrition. The
trainingcourselastsfourmonthsandincludesbothclassroom
and hands-on farming instruction. Participants are taught
skillsthatwillenhancetheirabilitytogrowcropsandlivestock
and increase local food production using sustainable, organic,
and conservation-oriented farming methods. Once the pro-
grammeissuccessfullycompleted,traineesareprovidedwith
seeds, tools, and other resources enabling them to replicate
the training in their own communities. Support continues
through a series of follow-up visits to address challenges and
offer technical assistance.
CONTINUED…
Guinea
The project in Guinea ended in 2014. Overall, 18 trainers from
four local NGOs benefited from the programme. In turn, they
trained 274 community farmers, 27 students from National
Agriculture Schools and 150 children from primary schools.
Lastly, Mercy Ships’ host partner, FABIK, has been approved
andhiredbythegovernmentofGuineatotrainmilitarypersonnel
in food production and nutrition skills. They have completed
theirfirsttrainingof 50 people and have incorporated thisinto
their business plan for future trainings.
Republic of the Congo
In 2014, in partnership with the Congolese Ministry of Agri-
culture, Mercy Ships Nutritional Agriculture staff trained 25
trainersselectedfromin-countrypartners,whointurntrained
163communityfarmers.Theyallcompletedthe19-weekcourse
based on classroom training and hands-on farming.
The participants were NGO staff or members of associations
who serve as consultants to local farmers. They had the
opportunity to share their experience at the Mercy Ships’
Leadership Course for Community Leaders in Dolisie with
more than 400 participants.
PARTNER
Mercy Ships
www.mercyships.ch
23
Outputs
• 25 trainers
from in-country
partners undertook
the training
• In turn, they trained
163 community
farmers
Outcomes  leverage
• Train-the-trainer
model implemented
• Snowball effect
• Government implication
GUINEA AND
REPUBLIC OF THE CONGO
Encouraging people to acquire
the necessary knowledge and skills to
become entrepreneurs can improve
their economic viability as well as
the economic and social conditions in
their communities
COMMUNITY
ENTREPRENEURSHIP
27
SUPPORTING ECONOMIC VIABILITY
3PROJECTS  2COUNTRIES
Forthethirdconsecutiveyear,theFoundationhasbeensupport-
ing FXB International in the implementation of its community
development model entitled “FXBVillage”. The programme
aimstodeliverlong-termimprovementsinhealthandeducation,
andgiveseconomicopportunitytofamiliesprovidingthemwith
vitalneedssuchashousing,healthcare,educationandnutrition.
It then helps create businesses for those people, equipping
them with the necessary training and resources so they can
achieve lasting self-sufficiency and stability.
Kyongera, Kyenjojo District (Uganda)
In the Kyenjojo District, the compounded effects of poverty
and AIDS have significantly weakened the ability of families to
care for their children. Indeed, poor living conditions increase
theriskofdiseaseandthisburdenplungeshouseholdsintoeven
greater despair. This situation typically jeopardises children’s
well-being asit makesthemmore vulnerabletodiseases and
malnutrition,leadingthemtopsychosocialdistress.Moreover,
it increases school absenteeism and poor performance.
The FXBVillage programme in the Kyenjojo District ended in
2014. During three years, it successfully accompanied 79
families (681 individuals in total) towards social and economic
autonomy by providing them with an integrated package of
health, nutrition, education, social protection, legal support,
sanitation and psychosocial services, as well as capital to
launch sustainable income-generating activities. All house-
holdshavingbenefitedfromtheprogrammehavesavingsand
increasedincomes.Theyhaveaccesstoanimprovednutrition
thanks to their kitchen garden and eat at least two healthy
meals per day. All families are registered in health centres
Outputs
100 % of households :
• successfully manage an
income-generating activity
• benefit from food security
• access to adequate health
care services
Outcomes  leverage
• Social and economic
autonomy
• Increased capacity for
families to raise their
children
• Creation of role models
UGANDA AND
RWANDA
29
CONTINUED…
andhaveaccesstohealthcarefacilities.Schoolattendance
rate increased up to 98 % for children between the age of
five and 17 (compared to 25 % at baseline) and nine youths
completed vocational trainings and are now employed.
Various support groups have been created in order to
strengthen beneficiaries’ overall capacity.
The Foundation extends its support to two new
FXBVillages
In 2014, the Foundation extended its support to FXBVillages
in Gisiza, Muhanga District, Rwanda, and Naluko, Iganga
District,Uganda.Inthosevillages,theaimoftheprogramme
remains the same : to deliver long-term improvements in
health and education, and give economic opportunity to
individuals by providing them with vital needs including
housing, health care, education and nutrition.
Gisiza, Muhanga District (Rwanda)
The double impact of genocide and AIDS has resulted in
Rwanda having one of the highest proportions of orphans
in the world. The number of orphans due to HIV / AIDS was
estimated to be over 52 % in 2010. Over a three-year period,
the FXBVillage programme that was kicked off end of 2014
in the Muhanga district will seek to help 500 orphans and
vulnerablechildrenandtheirfamiliesaffectedbythedisease
escape poverty permanently by providing a comprehensive
package of support, helping households and community
groups develop livelihood projects and lasting sources of
income,andbuildingsustainablecommunitysocialnetworks
and referral mechanisms.
Naluko, Iganga District (Uganda)
In Uganda, conflict, displacement, extreme poverty and
HIV / AIDSinparticularhaveleftmillionsofpeoplevulnerable.
It is estimated that there are over 2 million orphans most
of them as a result of HIV/AIDS. In the Iganga district,
where the FXBVillage model is being implemented since
theendof2014,thepopulationisestimatedat700,000people
of whom 40 % are considered to be orphans and vulnerable
children.ThegoalofanFXBVillageistograduallystrengthen,
over the next three years, the socio-economic capacities of
80 HIV-affected families (600 people), so they are able to
escape extreme poverty and take care of their children.
FXB was founded on the belief that everyone should have
a chance not just to survive but to thrive. It starts with a
knock on the door… FXBVillage programmes bring the poor
to self-sufficiency and dignity by tackling five drivers
of poverty : food, health care, education, housing and
economic reinforcement
Christine Eggs,
General Director, FXB International
PARTNER
FXB International
www.fxb.org/international
31
Outputs
1,414 farmers and
local entrepreneurs
trained on new
farming and business
techniques
Outcomes  leverage
• Reinforce skill
• Diversify production
• Improve income
• Create job opportunities
KURDISTAN
REGION OF IRAQ
PROMOTING SMALL-SCALE FARMING
TheruralDohukProvinceischaracterisedbyanunstructured
agricultural sector. Today, local agriculture barely copes with
competition from imported products due to the loss of agri-
cultural skills and lack of modern technologies. However,
with a favourable climate, abundant arable land and multiple
water sources, agriculture in this region could become an
essential viable economic alternative capable of sustainably
reducing poverty.
From 2011 to 2014, the Foundation has supported the Institut
EuropéendeCoopérationetdeDéveloppement(IECD)torevitalise
small-scale farming and strengthen skills and knowledge in
modernfarmingpracticesin192villageslocatedinthedistricts
of the governorate of Dohuk. This programme was specifically
aimed to support rural entrepreneurs or local community
structures to empower them to build the entire agricultural
valuechain–fromproductiontosales.Localfarmersreceived
technical advice as well as material and agricultural services
to create income-generating activities.
The project supported 1,414 smallholder farmers and local
entrepreneurs, individually or collectively, thereby creating
localemploymentandenhancingentrepreneurialskillsinthe
community. Local populations have adopted new farming
techniques and diversified production to new areas such as
beekeeping,poultryanddairyprocessing.Atractorrentservice
enabled farmers to cultivate 105 additional hectares of land,
and thanks to the loan of irrigation systems, 17 additional
hectares of fruits and vegetables were irrigated. Lastly, the
Veterinary Mobile Clinic provided services to 166 isolated
breedersin37villagesthankstoapartnershipwith theDirec-
torate of Veterinary.
PARTNER
Institut Européen de Coopération et de Développement (IECD)
www.iecd.org
33
Outputs
• 585 farmers and
133 youths trained
in sustainable
agricultural practices
• 61 workers trained
in efficient waste
collection systems
Outcomes  leverage
• Develop economic
opportunities
• Improve income
• Create self-employment
• Promote environmental
friendly practices
TANZANIA
TEACHING SUSTAINABLE PRACTICES
ThemostimportanteconomicsectorinTanzaniaisagriculture,
whichemploysfour-fifthsofthepopulationandgeneratesnearly
half of the gross domestic product. However, the population
has not benefited equally from this economic growth, partly
because the traditional and outdated methods used by local
farmers no longer meet current economic or environmental
needs. Nonetheless, the Morogoro Region is known to have
favourable conditions for diversified agricultural production
and is geographically well located with access to the major
markets such as the capital, Dar es Salaam.
Since 2011, the Foundation has been supporting a project run
by Swisscontact destined to help the smallholder farmers,
unemployed youth, as well as organisations and individuals
involvedinsolidwastemanagement,toimprovetheirincome.
The project has two main components : the development of
skillsfortheagriculturalsectorandsolidwastemanagement.
The beneficiaries of the agricultural training programme
learn to cultivate crops using environmentally friendly and
sustainable methods. The Community Based Organisations
(CBOs) involved in the solid waste management are trained
to improve their economic performance by collecting and
sorting household waste, thereby strengthening their green
businesses in the productive recycling sector.
1COUNTRY  2AREAS OF FOCUS
35
CONTINUED…
Agricultural training
In 2014, 585 farmers and 133 youths, more than 44 % of
which are women, were trained in sustainable agriculture
practices. This resulted in 89 % of trained youth being self-
employedinagriculturethankstoprojectactivities.Moreover,
overall income, productivity and sales increased by 56 %. In
order to guarantee the sustainability of the approach,
SwisscontactpartnerswiththeMorogoroVocationalTeachers
Training College (MVTTC) – the highest vocational training
entityinTanzania–totrainMasterTrainerswhowillthentrain
facilitators. In 2014, the project conducted four modules at
theMVTTCthatwerefollowedby17teachers,includingfour
women.
Waste management
Withregardtowastemanagement,thecollaborationbetween
Swisscontact and Morogoro Municipal Council (MMC) is
gainingmomentum.Asaresult,thetownrankedthirdposition
intheNationalTanzaniaMunicipalsCleanlinessCompetition.
In2014,sixCommunityBasedOrganisationswereequipped
withworkinggearsand50tonsofrecyclablewastecategories
werecollectedandsoldtolocalrecyclingagentsfortranspor-
tation.Finally,61CBOworkers(50 %ofwhicharewomen)took
the training, are employed and receive a salary in improved
working conditions.
With this project, Swisscontact facilitates rural skill
development for smallholder farmers and youth, integrating
group savings with practical agricultural trainings.
Economic opportunities are also being developed as we
assist Community Based Organisations to promote waste
separation, collection and recycling. Such challenging and
beautiful projects allow us to design breakthrough solutions
and help us achieve our mission by creating opportunities
for people seeking to improve their living conditions and
livelihoods through their own initiatives and integrating
them into local commercial life
Laure Fornasier,
Partner Programmes, Swisscontact
PARTNER
Swisscontact
www.swisscontact.org
Securing people's basic needs in
developing countries - food, water,
health, energy and shelter - in a
sustainable manner is essential to
improving their livelihoods and enabling
them to live in dignity
SECURE
LIVELIHOODS
39
Outputs
Production of
fruits, vegetables,
cereals and animal
products
(meat and eggs)
Outcomes  leverage
• Improve nutrition for
better health
• Food autonomy
contributing to orphanage
sustainability
GHANA
IMPROVING AN ORPHANAGE’S
SELF-SUFFICIENCY
The Save Our Lives - Ghana (SOL-GH) orphanage welcomes
approximately 80 orphans in the Ashanti region. The children
benefit from shelter, clothing, food and education, enabling
them to grow up safely and have access to improved living
conditions.The orphanage wasfounded in1993andthanks to
its personnel, volunteers and private donors it has welcomed
morethan200childrentodate.Since2004,anAddaxPetroleum
employee and his family have been actively involved in the
orphanage’s development.
Since 2011, the Foundation has been supporting SOL-GH in
implementing an integrated ecological farming project in
ordertomaintainahealthyenvironmentandprovidethechildren
with appropriate diets. The project aims at producing fruits,
vegetables, cereals and animal products (meat and eggs) to
feedtheorphansandgenerateincomethankstotheexpansion
ofthefarmingarea.Furthermore,theFoundationcontributes
to the running costs of the orphanage and the maintenance
of the building and equipment.
In 2014, new local Executive and Advisory Boards were set up
andthelocalmanagementwasstrengthenedbyanewBusiness
Managerandafinancialaccountingsystem.Healthandsafety
measures were reinforced in the orphanage premises : fire
extinguishersandexitsignswereinstalled,firedrillswereheld,
and mosquito screens were repaired to reduce the risk of
malaria. Finally, the farming area today covers four acres and
the first batch of maize was harvested generating over one
tonofmaizeforselling.Inaddition,plantain,cocoyam,cassava
and a large number of fruit trees (orange and mango) were
planted.
PARTNER
Save Our Lives – Ghana (SOL-GH)
www.saveourlivesghana.org
41
Outputs
Installation of
a solar power station
and water supply
system
Outcomes  leverage
• Improved sanitation and
hygiene
• Access to clean water
and electricity
• Better nutrition and
health
TOGO
SECURING WATER AND
ELECTRICITY SUPPLY
In Togo, only 40 % of the population has access to clean water
and35 %toappropriatesanitationfacilities.ThetownofMandouri,
located in the Savanes region more than 700 km from the
capitalLomé,hasapopulationofapproximately11,000inhabit-
ants. The area is isolated and completely devoid of essential
basic amenities such as access to health care, electricity and
pipe borne water.
The Foundation has been partnering with Ingénieurs  Archi-
tectes Solidaires (IAS) since 2012 on projects in bothTogo and
Burkina Faso. The project in Mandouri, destined to supply
all hospital care units, in particular the maternity and the
neighbourhood population, with the necessary electricity and
access to drinking water thanks to the construction of a solar
power station and the installation of a water supply system,
started in October 2013. Beyond the positive impact on the
hospital’s quality of health care, the solar electrification of the
pumping system provides inhabitants with a constant access
to drinking water, increases water supply for farming as well
as construction works and reduces waterborne diseases.
In 2014, a semi-autonomous solar plant, with a photovoltaic
power of 4,860 watts-peak and a storage capacity of 72 kWh,
aswellasawater supply systempowered by 1,350watts-peak
photovoltaic panels with a pumping capacity of 20,000 litres
per day, were installed. Both elements were connected to the
hospital’s network providing mothers and newborns with
access to clean water. During the year, the flow of water was
on average 15,000 litres per day with 22,000litres per day flow
rate during the dry months of March and April.
PARTNER
Ingénieurs  Architectes Solidaires (IAS)
www.ias-ch.org
43
Outputs
• 14 patients
received kidney
transplants
• 31 local medical
staff trained
Outcomes  leverage
• Improve patients’ health
and living conditions
• Skill transfer and
capacity building for local
medical teams
GHANA
ENCOURAGING KIDNEY
TRANSPLANTS TO SAVE LIVES
Kidney failure, which can be caused by various infections and
diabetes,isadailystruggleandagrowingproblemthroughout
the world. In developing countries in particular, it affects up
to 20 % of the population due to the prevalence of tropical
diseases.Moreover,dialysisisrarelyavailable,andevenwhen
itis,themajorityofpatientscannotaffordtheassociatedcosts.
The most effective and cost efficient treatment in the long
term is kidney transplantation from a living donor.
Since 2011, the Foundation has supported Transplant Links
Community (TLC) towards a sustainable national kidney
transplant programme in Ghana. This collaboration focused on
facilitating kidney transplants from living donors at the Korle
Bu Hospital in Accra. Thanks to the help of a multidisciplinary
British medical team, specialised in kidney transplants, TLC
strived to carry out kidney transplants and administer proper
treatment to patients as well as train the local medical staff.
To date, 14 patients and their families have directly benefited
from the project,and manymore stand to benefit in the future
as the result of skill transfer. The hospital’s medical team –
including three surgeons, six nephrologists, 10 ward nurses,
12 operating theatre nurses and technicians – has received
training.Endorsementoftheprogrammebyhigh-levelgovern-
mentrepresentativesandseniorKorleBuHospitalmanagement
marked animportant moment incementing thecommitment
to the long-term development of the project.
PARTNER
Transplant Links Community (TLC)
www.transplantlinks.org
Volunteerism is a powerful way of
engaging employees in tackling
development challenges. In particular,
it is a means by which we reinforce
the existing ties between the
Foundation and the employees from
the founding company
EMPLOYEE
VOLUNTEERING
EVALUATION TRIPS AND
VOLUNTEERING MISSIONS
Employee engagement is essential for the Foundation to
ensure that the projects it supports in collaboration with
its partners are run smoothly and effectively. It is also a
means to reinforce the existing ties between the Founda-
tion and the employees from the founding company. The
Foundation makes sure to identify the project’s needs
and areas in which competencies available within the
company can be useful.
Evaluation trips allow the Foundation to obtain valuable
insights helping to systematically measure and improve
objectives and outcomes, and manage resources as best
aspossibletoenhancetheworkcarriedout.Italsoenables
to identify new opportunities, challenges or unforeseen
difficulties faced in the field and ultimately, evaluate the
project’s impact on the local populations.
Through the Employee Volunteering Programme, the
Foundation gives all Addax Petroleum employees the
possibility to participate in its activities by working on a
twotofiveweekvolunteeringassignment.Bycontributing
theirtime,skillsandknowledgetoaproject’sdevelopment,
employees can make a positive impact. In 2014, three
tripsweremadebyatotaloffiveemployeestovisitprojects
supported by the Foundation, including evaluation and
employeevolunteeringmissionsinMorocco,Zambiaand
Tanzania.
Morocco
TheprogrammeimplementedinpartnershipwithGroupe-
mentdes Retraités Éducateurs sans Frontières (GREF, see
p. 11) aims to enhance an early childhood educational
network in rural areas through the training of young pre-
school educators and experienced teachers to modern
teachingmethods,managementofdocumentationcentres
and library administration.
Andrew, Transition  Integration Coordinator, went on a
mission to accompany the team and document the pro-
ject’s main highlights with photos and videos. He also
contributed to the organisation of the project’s closing
ceremony and exhibition in Ouarzazate. This event was
attended by various stakeholders, including the Minis-
try of Education of Morocco. Meriem represented the
Foundation and gave a speech during the official closing
ceremony to underline the mutual engagement of the
stakeholdersinvolvedsincethepartnershipwasinitiated.
The mission was an eye-opener and helped me
re-set values and sense of being. An experience I can
recommend to all my colleagues ! I was impressed by the
professionalism of the GREF and their ease of operation
on the ground with all stakeholders. The Foundation’s
involvement will help increase the children’s chances of
getting an education and as a result will contribute to the
growth and sustainability of the local economy
Andrew Young,
Transition  Integration Coordinator
The project evaluation trip resulted in a very positive
assessment of the work that is carried out by the GREF
and strengthened the spirit of partnership between the
Foundation and the NGO. I met wonderful people who
worked with devotion to develop early childhood education
and employment in the region. This project particularly
touched me as it plays a key role in supporting Morocco's
future, my home country
Meriem Saber,
Corporate Social Responsibility Analyst
46
CONTINUED…
Zambia
Avi,activememberoftheFoundation’sAdvisoryCommittee,
accompaniedAdiwhoworksfortheFoundationtoconduct
asitevisittoafarmingprojectinZambia.Thisprogramme,
implemented in partnership with Baynards Zambia Trust
(BZT, see p. 17), seeks to empower small holder farmers
in landlocked communities through the introduction of
cash crop production, especially bananas, and activity
diversificationtoincreaseincomeandensurefoodsecurity.
Atthisoccasion,theymetseveraldirectbeneficiariesand
strengthened the ties with the local partner, a key player
in the project’s successful implementation.
The Sinopec-Addax Petroleum Foundation’s approach
of building people’s capacity to help themselves has
always appealed to me so I was grateful and excited by
the chance to visit some active projects. We were warmly
greeted at all three projects we visited, which have
generated significant new income. The local dynamics
show how important constant liaison with the farmers is
for guidance, encouragement, and also the leadership
of the groups. As today’s projects help people rise above
subsistence levels, their children should benefit from
at least a basic education and have a better chance in
tomorrow’s world. The Foundation is supporting and
encouraging people today and so guiding communities
for their future
Avi Ghosh,
New Venture Exploration Advisor
Tanzania
Robert, Sinopec-Addax Petroleum Foundation Board
member, accompanied Adi, Foundation Coordinator, to
visit the project implemented in partnership with Swiss-
contact in Tanzania (see p. 33). This programme aims to
promotelocaleconomicdevelopmentintheMorogororegion
byfocusingontwomaincomponents :increasefoodsecu-
ritythroughvocationaltraininginsustainableagricultural
techniques for smallholder farmers and unemployed
youth ;addressurbanenvironmentissuesrelatedtosolid
waste management by enhancing competencies of local
organisations and individuals involved in the sector.
It was striking to see how enthusiastic the participants
were about their projects, and how they were applying
as much as they could from what they had learnt. The
“Taka ni Mali” (dirt is wealth in Swahili) project focuses
on the collection and sorting of waste. We visited three
Community Based Organisations, small groups who
collect rubbish in their neighbourhoods, separate plastic
bottles, glass, metal and organic materials. Plastic,
glass and metal are sold to local companies, whereas
the organic material is processed to become compost, a
fertiliser for horticulture or agriculture. It was inspiring
to see how motivated team members were in making this
environmental project a success. Both the farming and
the environment projects have the potential of making
important contributions to reducing unemployment and
pollution. Swisscontact, with the financial support of the
Foundation, is playing an important role in successfully
achieving this
Robert Bulstra,
Foundation Board Member
48
FUNDRAISING – GENEVA MARATHON
 CYCLOTOUR DU LÉMAN
Atotalof30employees,17runnersand13cyclists,respec-
tively participated in the Geneva Marathon on Sunday, 4
May 2014 and the Cyclotour du Léman on 18 May, 2014
raising funds for the Fondation des Enfants Brûlés (FEB).
FEB is a Swiss foundation established in 1989 which
provides, on a volunteering basis, logistical and financial
support to the Centre des Brûlés in Assiout thus allowing
them to offer a quality medical service to severely burnt
people living in rural and poor areas of Upper Egypt.
They all managed a great sports and fundraising perfor-
mance. Thanks to their sponsors they collected approxi-
mately CHF 3,000. The Foundation matched this pledge,
meaning that FEB received approximately CHF 6,000 in
total.
Thank you to all the participants and their sponsors !
CLOTHING DONATION
CARITAS GENEVA
Forthethirdconsecutiveyear,duringtheHolidaySeason,
the Sinopec-Addax Petroleum Foundation in partnership
with Caritas collected socks, hats, gloves and scarves to
support families in need living in the Canton of Geneva.
Thanks to the generosity of many employees, about 100
clothing items were collected under the Christmas tree.
They were donated to the Social Cloakroom of Caritas
Geneva,aSwissassociationfoundedin1942whoseprimary
mission is to fight poverty and prevent social exclusion.
Severaltonsofclothing aredistributed eachyeartomore
than 4,000 people including 1,330 children.
Thank you to all the generous donors !
50
22 May - Geneva - Switzerland
Governments, the private sector
and civil society organisations, as actors
of economic and social growth,
have a huge potential to reduce poverty
throughout the world by catalysing
investment in developing countries
Second edition
ADDHOPE FORUM
ADDHOPE FORUM 2014
The Sinopec-Addax Petroleum Foundation believes that
corporate philanthropy goes well beyond financial partici-
pation and that governments, the private sector and civil
society organisations, as actors of economic and social
growth,haveahugepotentialtoreducepovertythroughout
theworldbycatalysinginvestmentindevelopingcountries.
SincetheMilleniumDevelopmentGoalswereestablished
in the year 2000, the world has changed significantly.
Economic and development landscapes have evolved,
and with them the need to scale up innovative initiatives
for development and explore new models of mobilising
donors and beneficiaries.
This is the Addhope Forum’s first and foremost purpose :
to gather partners from a diversity of horizons – NGOs,
internationalorganisations,privatefoundations,theprivate
and public sectors, as well as academia, the media, and
experts–toexplorenewsolutionsforsuccessfuldevelop-
ment partnerships.
Ahead of the Millennium Development Goals target date
of2015,andbyridingonthediscussionsoftheforum’sfirst
edition,theAddhopeForum2014tookplaceonThursday,
22 May in Geneva, Switzerland, with the aim to generate
dialogue for development and identify ways to enhance
collaborative work.
Held under the theme of “Catalysing Drivers of Change”
the agenda focused on the rise of key agents of change, in
particularwomenandyouth,andnewmodelsofmobilising
financing for development. Other topics, such as how to
bestmanageriskindevelopmentprojectcyclesandpartner
beyond borders, were also discussed.
Plenary and interactive sessions took place throughout
themorningandofferedaforumwhereparticipantscould
openly share insights and practical experience, hence
complementing the Foundation’s mission to alleviate
poverty and give renewed hope.
On this occasion, the forum was honoured to host H.E.
Mr WU Hailong, Ambassador Extraordinary and Pleni-
potentiary, Permanent Representative of the People's
Republic of China to the United Nations Office at Geneva
and other international organisations in Switzerland and
thanks him again for his participation.
54
FINANCIAL
STATEMENTS
REPORT OF THE STATUTORY AUDITOR ON THE
LIMITED STATUTORY EXAMINATION
To the Board of the Foundation of
Sinopec-Addax Petroleum Foundation, Geneva
Asstatutoryauditor,wehaveexaminedthefinancialstatements(balancesheet,statement
of income and general reserves movement and notes) of Sinopec-Addax Petroleum
Foundation for the year ended December 31, 2014.
These financial statements are the responsibility of the Board of the Foundation. Our
responsibilityistoperformalimitedstatutoryexaminationonthesefinancialstatements.
We confirm that we meet the licensing and independence requirements as stipulated
by Swiss law.
We conducted our examination in accordance with the Swiss Standard on the Limited
StatutoryExamination.Thisstandardrequiresthatweplanandperformalimitedstatutory
examination to identify material misstatements in the financial statements. A limited
statutoryexaminationconsistsprimarilyofinquiriesofcompanypersonnelandanalytical
procedures as well as detailed tests of company documents as considered necessary
in the circumstances. However, the testing of operational processes and the internal
control system, as well as inquiries and further testing procedures to detect fraud or
other legal violations, are not within the scope of this examination.
Based on our limited statutory examination, nothing has come to our attention that
causes us to believe that the financial statements do not comply with Swiss law and the
Foundation’s articles of incorporation.
Deloitte SA
Will Eversden	 Camille Lavaud
Licensed Audit Expert	 Licensed Audit Expert
Auditor in charge
Geneva, April 14, 2015
58
5959
SINOPEC-ADDAX PETROLEUM FOUNDATION, GENEVA
Year ended December 31, 2014
(expressed in USD and CHF)
BALANCE SHEET
December 31 2014 2013
USD CHF USD CHF
ASSETS
Cash and cash equivalents 250,531 243,005 236,554 210,265
Total assets 250,531 243,005 236,554 210,265
LIABILITIES AND RESERVES
Accruals – – 3,613 3 ,211
Liabilities – – 3,613 3 ,211
Deferred translation gain – 14,320 – –
General reserves 197,690 178,685 180,100 157,054
Initial capital funds 52,841 50,000 52,841 50,000
Total reserves 250,531 228,685 232,941 207,054
Total liabilities and reserves 250,531 243,005 236,554 210,265
STATEMENT OF INCOME AND GENERAL RESERVES
December 31 2014 2013
USD CHF USD CHF
INCOME
Donations (note 3) 915,047 835,346 1,023,226 949,441
Other income (note 4) 5,158 4,709 – –
Bank interest 7 6 12 11
Total income 920,212 840,062 1,023,238 949,452
EXPENDITURE
Projects (note 5) 683,368 623,847 962,047 892,674
Administration (note 6) 213,149 194,584 215,812 200,250
Total expenditure 896,517 818,431 1,177,859 1,092,924
Deferred translation loss – 9,989
Surplus / (Deficit) transferred to
general reserves 23,695 21,631 (154,621) (153,461)
SINOPEC-ADDAX PETROLEUM FOUNDATION, GENEVA
Year ended December 31, 2014
(expressed in USD and CHF)
NOTES TO THE FINANCIAL STATEMENTS
1. GENERAL
TheSinopec-AddaxPetroleumFoundationisanindependent
non-profitfoundationcreatedunderarticle80oftheSwiss
Civil Code and is registered with the Geneva Register of
Commerce from 26 January 2011 under statutes dated
14 January 2011.
TheFoundationʼsmandateisto contributeto sustainable
development projects addressing the root causes of
povertyinAfrica,theMiddleEastandChina.Theprograms
and projects supported by the Foundation are focused on
three core areas :
•	Education
•	Health
•	Environment
Inordertoachieveitsmandate,theFoundationismaking
grantstoorganisations,institutionsorindividualsdesigning,
elaborating, carrying out or taking part in projects in the
three core areas mentioned above.
The Foundation is exempt from federal and cantonal
income and capital taxes.
2. PRINCIPAL ACCOUNTING POLICIES
Basis of presentation – the financial statements are
prepared under the historical cost convention and in
accordance with the Swiss Code of Obligations. The
accounting records are maintained in US dollar as that
is the currency in which the majority of the income and
expenses are incurred and is therefore determined to be
the Foundationʼs functional currency.
Donation income – donation income is recorded when it
is received (cash basis).
Donation expense – Donations (grants) made by the
Foundation to third parties are recorded as they are
approved and paid and once the third party has reached
an agreed milestone. Commitments in line with the
terms of the contracts (based on completion of agreed
milestones) are disclosed.
3. DONATIONS
December 31 2014 2013
USD CHF USD CHF
Donations
Addax Petroleum Holdings Ltd 900,000 821,610 1,000,000 927,890
Addax Petroleum Ltd 15,047 13,736 17,742 16,463
Audit fees – – 5,484 5,089
Total donations 915,047 835,346 1,023,226 949,441
In 2014, donations from Addax Petroleum Ltd included an amount of $15,047 / CHF
13,736 (2013 : $17,742 / CHF 16,463) which consisted of a donation relating to employee
volunteering expenses.
In addition, costs such as salary costs and related overheads of staff working on the
Foundation were paid by Addax Petroleum Ltd and not recharged to the Foundation, and
have not been reflected in these financial statements.
Addax Petroleum Ltd also donated the initial capital funds of the Foundation amounting
to $52,841 / CHF 50,000.
4. OTHER INCOME
Deloitte fees are not recorded on a cash basis and were included in donations in 2013
financial statements for $5,484 / CHF 5,089.
2014 Deloitte fees amounted $5,158 / CHF 4,709.
60
6161
5. PROJECTS
Disbursements Commitments
Total Grants 2014 2015 2016 2017
Projects USD 1,249,868 683,368 406,500 130,000 30,000
CHF 1,141,004 623,847 371,094 118,677 27,387
Future commitments will be fully supported by the future donations receivable from
the principal donor.
6. ADMINISTRATIVE EXPENSES
2014 2013
USD CHF USD CHF
Administration expenses
Services 23,552 21,500 34,332 31,856
Knowledge sharing 119,163 108,784 91,927 85,298
Office supplies 68,450 62,488 80,967 75,129
Miscellaneous 1,984 1,812 8,585 7,966
Total running costs 213,149 194,584 215,812 200,250
THANK YOU
We would like to congratulate all our partners for their
fantasticworkandcollaborativespirit.Wethankthemfor
theirvaluedcontributionandforprovidingtheinformation
and photos which helped us compile this report.
We would also like to extend our thanks to the Addax
Petroleum employees who dedicated their time, energy
and talent to the Foundation and the projects it supports.
Whether it be during evaluation trips and volunteering
missions in the field, fundraising activities or donations.
Photo copyrights
p. 9 Mercy Ships, p. 13 FXB International  2, 3 and 4
Jillian Edesltein @ FXB International, p. 15 Mercy Ships,
p. 18IECD,p. 22MercyShips,p. 25MercyShips,p. 26FXB
International, p. 28 FXB International, p. 30 IECD, p. 37
MercyShips,p. 38SOL-GH,p. 40IAS,p. 42TLC,p. 57IECD
Others :Sinopec-AddaxPetroleumFoundationandAddax
Petroleum employee volunteers : Adi Chayto, Andrew
Young, Federico Porrera, Avi Ghosh, Robert Bulstra
Contact
Sinopec-Addax Petroleum Foundation
Route de Malagnou 101
P.O. Box 789
1224 Chêne-Bougeries
Tel : +41 (0)22 702 66 88
Fax : +41 (0)22 702 66 90
www.sinopecaddaxpetroleumfoundation.org
Editor-in-chief : Marie-Gabrielle Cajoly
Editors : Emily Geer, Céline Blanchoud,
Adi Chayto and Meriem Saber
Graphic design : Jim.B
Printed on FSC paper, solvent-free ink by SRO-Kundig SA
©2014-2015 Sinopec-Addax Petroleum Foundation,
all rights reserved
2014-AR-Foundation

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2014-AR-Foundation

  • 2.
  • 3. A SHORT NAME WITH A STRONG MEANING In order to express Sinopec-Addax Petroleum Foundation’s activity in one word, we have chosen a tagline : “addhope !”. “Add” expresses the added value that Addax Petroleum, the founding company, wants to bring to social issues ; “hope” illustrates the Foundation’s spirit in its fight against poverty and its capacity to give renewed hope to the most underprivileged by opening up new horizons. We have a sole conviction that every human being has the strength and capacity to succeed in life when access to knowledge, quality medical care, and proper sanitary and environmental conditions are guaranteed. This is the goal the Foundation sets itself in all its partnerships.
  • 4.
  • 5. CONTENTS 3 Chairman’s message 5 The Board of Directors and the Team 6 The Foundation Women empowerment 10 Morocco - Developing early childhood education 12 China - Enhancing women empowerment Agricultural leverage 16 Zambia - Enhancing food security 18 Ivory Coast, Cameroon and DRC - Training young rural entrepreneurs 20 Guinea and Republic of the Congo - Transferring skills to improve nutrition Community entrepreneurship 26 Uganda and Rwanda - Supporting economic viability 30 Kurdistan Region of Iraq - Promoting small-scale farming 32 Tanzania - Teaching sustainable practices Secure livelihoods 38 Ghana - Improving an orphanage’s self-sufficiency 40 Togo - Securing water and electricity supply 42 Ghana - Encouraging kidney transplants to save lives Employee volunteering 46 Evaluation trips and volunteering missions 50 Fundraising – Geneva Marathon & Cyclotour du Léman Clothing donation – Caritas Geneva Addhope Forum 54 Addhope Forum 2014 Financial statements 58 Report of the statutory auditor 59 Financial statements 60 Notes to the financial statements
  • 6. We have at heart to develop and diversify our ways of accompanying our partners : project monitoring, field visits, dialogue to overcome challenges, collaborative progress and skill sharing
  • 7. CHAIRMAN’S MESSAGE Dear reader, 2014 was another busy year for the Foundation filled with fruitful collaborations to meet one common objective : alleviate poverty and develop the skills that allow men, women and youth to meet their needs. In this report, we chose a thematic presentation of our activities. We hope that it will guide you and help you depict the scope of challenges addressed via the projects supported by our Foundation. Beyondourfinancialsupportwehaveathearttodevelopanddiversifyourwaysofaccom- panying our partners : project monitoring, field visits, dialogue to overcome challenges, collaborativeprogressandskillsharing.Withthisinmind,Iamdelightedandproudtohave seen employee volunteering – which was initiated last year – escalate and strengthen the ties between the company, our founder and funder, and the Foundation. Indeed, four employees devoted their time and energy by visiting projects in three countries, thus nurturing the relationships with our NGO partners and sharing their professional and personal talents whilst undergoing a once-in-a-lifetime experience. Forthesecondconsecutiveyear,weorganisedtheAddhopeForuminGeneva.Thisevent was a renewed opportunity to gather players from all walks of the development world : public and private sectors as well as NGOs, international organisations and diplomatic representations. We had the pleasure of welcoming a melting pot of knowledge and skills in particular on the rise of key agents of change – women and youth – and new models of mobilising financing for development. I would like to take this opportunity to once again warmly thank all the speakers, moderators and participants who responded to the call and actively contributed to addressing these essential topics. Finally, I would like to extend my gratitude to our company and its shareholder Sinopec for their support, to the members of the Board for their time and precious contributions, to our NGO partners for their valued trust, to the Foundation’s team for their hard work, to the volunteers for their devoted commitment and to you dear reader who honours us by taking the time to follow our work. Yi Zhang, Chairman 3
  • 8.
  • 9. THE BOARD OF DIRECTORS Committed to purposeful corporate philanthropy THE TEAM Committed to making a difference YI ZHANG Chairman MARIE-GABRIELLE CAJOLY Executive Director JIFENG YE Board Member ADI CHAYTO Coordinator ROBERT BULSTRA Board Member
  • 10. THE FOUNDATION TheSinopec-AddaxPetroleumFoundationisanon-profit independent entity registered in Geneva, Switzerland. Founded by Addax Petroleum Corporation (APC), its main backer, it also benefits from the support of the Sinopec Group, shareholder of APC. Our goal is to address the root causes of poverty and to helpdeprivedcommunitiesbystrengtheningtheirskills andbyprovidingthemwiththeappropriateconditionsto reach self-sufficiency in a sustainable way. To this end, the Foundation supports projects in Africa, the Middle East and China, focusing on : Tomeetthisobjective,theFoundationprovidesfinancial and technical support to non-governmental organisa- tions (NGOs) designing and carrying out sustainable development projects. educationhealth environment OUR PHILOSOPHY Creating conditions for long-term self-sufficiency The Foundation endeavours to strengthen the skills of vulnerablecommunitiesandindividualsbyimprovingtheir livingconditionsonaneducational,medical,sanitaryand environmental level in such a way as to enable their social and economic rehabilitation. Weareconvincedthathelpingmen,womenandchildrento acquirethemeanstodevelopalifeplanandtotakecontrol over their own destiny can contribute to reducing poverty in an effective and sustainable way. In this perspective, the Foundation funds programmes thatarecross-disciplinaryandparticipative,thusleading toautonomyandsocialintegration.Theyallaimtodevelop and enhance potential in order to create opportunities by overcoming the barriers of illiteracy, disease, isolation, and water and food shortages, which impede the most underprivileged. OUR COMMITMENT Addressing the root causes of poverty TheFoundationiscommittedtoalleviatingpovertycaused by unequal access to the most basic necessities. A large number of people are deprived of what is essential for everyone to live and prosper, and indispensable for every community to develop harmoniously. Individuals and organisationsworldwidejoinforcestoprovidetheirsupport. The Foundation contributes to their efforts. Our work is inspiredbytheMillenniumDevelopmentGoalsandglobal challenges such as food shortage, lack of drinking water andtheeffectofdiseases(includingmalariaandHIV / AIDS). Alloftheseresultfromalackofinformation,decentsanitary and social conditions, as well as adequate medical care. 66
  • 11. OUR DYNAMISM Involving and encouraging the voluntary participation of employees To strengthen solidarity between individuals from all walks of life beyond geographical and socio-economic boundaries, the Foundation encourages the company’s employees to get involved in the projects that it funds. Employeecommitmentandparticipationcreatesexceptional dynamism and energy, fuelling the projects and enriching relations with NGO partners. Employee voluntarism brings an unparalleled breadth of skills, which is of great benefit to the projects, and gives these employees the opportunity to realise their philanthropic aspirations. By actively participating in identifying and selecting projects, monitoring them and sometimes even collecting funds, the employees provide concrete skills whilst bringing a strong human value to the Foundation. This commitment mainly involves forming advisory com- mittees in charge of assessing the projects and funding requests submitted to the Foundation. Responsible for examining the objectives, resources, methodology and viabilityoftheprojectsinquestion,theAdvisoryCommittee then formulates a recommendation to the Foundation’s Management and Board of Directors in view of a final decision. Furthermore, the employees can contribute individually or in a team by : • sponsoring projects ; • participating in setting up partnerships providing spe- cialised advice or technical support for project design and implementation. PROJECT SELECTION Guaranteeing a sustainable and measurable impact The Foundation funds projects that meet a certain number of cri- teria, which include : regular monitoring, rigorous assessment and transparent narrative and financial reporting. Selection and approval result from a step-by-step process carried out by the Management, the Advisory Committee and the Board of Directors. 1. Selection by the Management team A funding request form is available on the Foundation’s website. If the project corresponds to the Foundation’s mission, geographical areas and criteria, it will be preselected. This screening leads to meetings and drawing up a comprehensive file ready for the second stage :examinationofthefundingrequestbytheAdvisoryCommittee. 2. Recommendation of the Advisory Committee The Advisory Committee serves as a think tank for the Foundation. It meets, examines all the applications case by case, and assesses the viability of each project. It passes on its detailed comments to theBoardofDirectorsandformulatesacommonrecommendation. 3. Approval of the Board of Directors The Board’s decision rests first and foremost on the coherence between the project’s objectives and the Foundation’s mission. It also results from in-depth consideration of the NGO’s ability to implementanactionplanthatwillcreatetangible,measurableand sustainable change in the lives of the most underprivileged. The Board believes in the sound technical and financial management of projects and the NGOs’ ability to provide transparent reporting to the Foundation. Lastly, the involvement and respect for the dignity oflocalcommunitiesisacrucialfactorintheapprovalofanyproject. 4. Setting up the partnership EachprojectapprovedbytheBoardissubjecttoapartnershipcontract that defines precisely the duties of the partner NGO towards the Foundation,andviceversa.Thisimpliesanefficientandtransparent useoffundswithregardstothestatedprojectobjectives,theproject management until its completion, the submission of intermediate reports and of operational and financial statements by the partner NGOuponprojectcompletion.Foritspart,theFoundationcommitsto supportingthepartnerorganisationbothfinanciallyandtechnically, according to a jointly established schedule. 77
  • 12. 8 Empowering women to achieve their full potential can bring social and economic change by transforming not only their own lives, but those of their families, communities and nations
  • 14.
  • 15. Outputs • Training of 21 pre-school educators and 12 documentalists • 70 % of trainees are women Outcomes leverage • Women employment status in society • Access to better education • Ownership by local stakeholders • Scale up in other regions • Socio-economic community dynamism 11 MOROCCO DEVELOPING EARLY CHILDHOOD EDUCATION Despite acknowledged efforts to increase school enrolment, more than one million children between the ages of eight and 15 remain outside the education system in Morocco. This situation mainly affects rural areas and in particular young women : 75 % of girls between the ages of 12 and 15 are either not enrolled or have been taken out of school. By developing the training of educators and teachers, not only is pre-school and extra-curricular education in rural areas improved, but access to employment for women is also enhanced. TheFoundationstartedsupportingtheGroupementdesRetraités Éducateurs sans Frontières (GREF) in the development of an earlychildhoodeducationalnetworkinthecommuneofTelouet in 2009. Thanks to this initial support, the programme, that comprises the training of young pre-school educators and experiencedteachersinmodernteachingmethods,manage- ment of documentation centres, and library administration, hasevolvedandbeenextendedtootherWestAfricancountries. The overall aim is to ensure the projects’ sustainability by actively involving local stakeholders and other participants. In 2014, a “pilot class” serving as a model for pre-school edu- cation was created in the village of Telouet on the incentive of the GREF and the Ministry of National Education. Mainly sup- portedbypublicfunds,itprovideschildrenwithareadingarea, educational materials and games enhancing their physical, emotional and cognitive skills. Based on this success, the model was replicated and several classrooms were created in other villages in the surrounding areas including Talatane, Ighriss, Ozlim, Tighza, Anguelz, etc. Moreover, 30 facilitators - 70 % of women - underwent training sessions to strengthen their skills and learn new teaching methods adapted to the children’s educational needs. PARTNER Groupement des Retraités Éducateurs sans Frontières (GREF) www.gref.asso.fr
  • 17. Outputs • 100 % of households headed by a women manage an Income Generating Activity • 123 children have access to education, 46 % are girls • 100 % of households have improved sanitary conditions Outcomes leverage • Women empowerment • Social and economic autonomy • Increase women’s capacity to raise their children 13 CHINA ENHANCING WOMEN EMPOWERMENT The Bu Tuo County is located in the Sichuan Province, one of the largest (more than 82 million inhabitants) and poorest provinces in China, where almost half of the population lives on less than US$2 a day. Bu Tuo has a population of 140,000 people,95 %ofwhomareofYiethnicity.Withoneinfiveresidents livinginextremepoverty,agrowingpopulationandanilliteracy rate of 73 %, the Yi community suffers from malnutrition, deplorable hygiene conditions and a high disparity between men and women. Forthethirdconsecutiveyear,theFoundationhasbeensupport- ingFXB International in the implementation of its community development model entitled “FXBVillage”. The programme aims to deliver long-term improvements in health and edu- cation, and gives economic opportunity to families providing themwithvitalneedssuchashousing,healthcare,education andnutrition.Itthenhelpscreatebusinessesforthosepeople, equipping them with the necessary training and resources so they can achieve lasting self-sufficiency and stability. KickedoffinNovember2012withthesupportoftheFoundation, theFXBVillageprogrammeintheBuTuoCountyaimstoprovide vital needs to vulnerable children and their families, focusing particularly on those whose head of household is a woman. Currently, FXB’s work is conducted in partnership with local branches of the Chinese Women’s Federation, which serves women and children in communities across China. In 2014, the FXBVillage supported 100 families including 274 children. All families enrolled in the programme developed income-generating activities with an average gross income of around US$82 per month and 80 % of beneficiaries having madesavings.Intermsofeducation,63 %ofchildren,ofwhich 46 % are girls, are enrolled in school. PARTNER FXB International www.fxb.org/international
  • 18. Leveraging agricultural products not only as sources of food, but as sources of health, income and employment can create sustainable livelihoods for local communities, especially those living in rural areas
  • 20.
  • 21. Outputs 170 subsistence farmers received loans and technical support to grow soya and bananas Outcomes leverage • Empowerment of smallholder farmers • Activity diversification • Constant food supply and improved nutrition • Year round income 17 ZAMBIA ENHANCING FOOD SECURITY The Mkushi District in the Kalwa Region is mainly inhabited by subsistence farmers who generally live below the poverty line. Customary farming practices are insufficient to respond eithertomarketconditionsortothecommunities’foodneeds. Smallholder farmers rely on subsistence farming, and grow mainly maize, which only produces annually. This generates short-termincomereturnsandcreatesconsiderableseasonal gluts, reducing their capacities to ensure food security. The Foundation supports Baynards Zambia Trust (BZT) since 2011 in working to empower smallholder farmers by building capacity and training them to develop sustainable livelihoods through the introduction of cash crop productions - such as bananas and soya beans - and activity diversification. An initial loan, repaid after the first harvest, is provided to farmers for the purchase of suckers and fertilizer in addition to technical andbusinesssupportandtraining.Theseparticipativeactivities aimtoimprovefoodsecurityandnutritionwithcropsharvested throughout the year allowing a constant supply of food and an increase in income. In 2014, 170 subsistence farmers received technical support and loans. This model was adopted beyond the district with an estimated 150 farmers growing soya and bananas for the first time. In addition, the microcredit concept of “village banks” –with36groupsand478establishedmembers–wasintroduced and enthusiastically received by these isolated communities. PARTNER Baynards Zambia Trust (BZT) www.bzt.org.uk
  • 22.
  • 23. Outputs 1,640 young people trained across the 85 FFS centres in the three countries Outcomes leverage • Boost rural entrepreneurship • Promote sustainable jobs • Improve beneficiaries’ income 19 IVORY COAST, CAMEROON AND DRC TRAINING YOUNG RURAL ENTREPRENEURS In the Ivory Coast, Cameroon and the Democratic Republic of the Congo, the agricultural sector employs more than 50 % of the labour force. However, young people often do not have the capacity to develop income-generating farming activities and an increasing proportion migrates to the cities where they hope to find a better future. Instead, they can only access precarious and poorly paid jobs. Since 2012, the Foundation supports the Institut Européen de CoopérationetdeDéveloppement(IECD)intheimplementation of a “Family Farm School” (FFS) model in these countries. The FFS are centres for vocational training aimed at providing young people with a complete training programme designed tohelpthemacquireagriculturalskillsandfosterentrepreneur- ship.They aim at boosting the local economy by enhancing the value of agricultural jobs and expanding the use of new farming technologies. In 2014, 1,640 young people took part in the training pro- gramme across the 85 FFS centres in the three countries. In addition, 156 instructors – all with a teaching background and/or technical expertise – were trained on how to use the FFS course and tools to improve their vocational teaching skills. More broadly, the overall curriculum was reviewed and newskillsandtrainingguidesforinstructorswereelaborated to consolidate existing ones and harmonise content, thus improving the quality of the FFS training. PARTNER Institut Européen de Coopération et de Développement (IECD) www.iecd.org 1PROJECT  3COUNTRIES
  • 24.
  • 25. 21 Outputs • 18 trainers from four local NGOs were trained • In turn, they trained 274 community farmers and 27 students Outcomes leverage • Train-the-trainer model implemented • Snowball effect • Government implication GUINEA AND REPUBLIC OF THE CONGO TRANSFERRING SKILLS TO IMPROVE NUTRITION 2PROJECTS  2COUNTRIES During an evaluation mission in West Africa, Mercy Ships not onlynoticedthatmostexistingmedicalstructureswereseverely inadequate, but also that lack of prevention and knowledge about basic health care leads to tens of thousands of deaths each day. In particular, chronic hunger and malnutrition can causesignificanthealthproblems.Recognisingtheimportance ofbreakingthecycleofdiseaseatitsroot,MercyShipsdecided toimplementagriculturalonshoreprogrammesasacomple- ment to the medical work carried out by the Africa Mercy. Since 2011, the Foundation has been supporting Mercy Ships throughitsagriculturalprogramme“FoodforLife”inworking with in-country partners in Guinea and the Republic of the Congotohelp familiesand communitieslearnpractical food- producing skills, thereby directly reducing malnutrition. The trainingcourselastsfourmonthsandincludesbothclassroom and hands-on farming instruction. Participants are taught skillsthatwillenhancetheirabilitytogrowcropsandlivestock and increase local food production using sustainable, organic, and conservation-oriented farming methods. Once the pro- grammeissuccessfullycompleted,traineesareprovidedwith seeds, tools, and other resources enabling them to replicate the training in their own communities. Support continues through a series of follow-up visits to address challenges and offer technical assistance.
  • 26.
  • 27. CONTINUED… Guinea The project in Guinea ended in 2014. Overall, 18 trainers from four local NGOs benefited from the programme. In turn, they trained 274 community farmers, 27 students from National Agriculture Schools and 150 children from primary schools. Lastly, Mercy Ships’ host partner, FABIK, has been approved andhiredbythegovernmentofGuineatotrainmilitarypersonnel in food production and nutrition skills. They have completed theirfirsttrainingof 50 people and have incorporated thisinto their business plan for future trainings. Republic of the Congo In 2014, in partnership with the Congolese Ministry of Agri- culture, Mercy Ships Nutritional Agriculture staff trained 25 trainersselectedfromin-countrypartners,whointurntrained 163communityfarmers.Theyallcompletedthe19-weekcourse based on classroom training and hands-on farming. The participants were NGO staff or members of associations who serve as consultants to local farmers. They had the opportunity to share their experience at the Mercy Ships’ Leadership Course for Community Leaders in Dolisie with more than 400 participants. PARTNER Mercy Ships www.mercyships.ch 23 Outputs • 25 trainers from in-country partners undertook the training • In turn, they trained 163 community farmers Outcomes leverage • Train-the-trainer model implemented • Snowball effect • Government implication GUINEA AND REPUBLIC OF THE CONGO
  • 28. Encouraging people to acquire the necessary knowledge and skills to become entrepreneurs can improve their economic viability as well as the economic and social conditions in their communities
  • 30.
  • 31. 27 SUPPORTING ECONOMIC VIABILITY 3PROJECTS  2COUNTRIES Forthethirdconsecutiveyear,theFoundationhasbeensupport- ing FXB International in the implementation of its community development model entitled “FXBVillage”. The programme aimstodeliverlong-termimprovementsinhealthandeducation, andgiveseconomicopportunitytofamiliesprovidingthemwith vitalneedssuchashousing,healthcare,educationandnutrition. It then helps create businesses for those people, equipping them with the necessary training and resources so they can achieve lasting self-sufficiency and stability. Kyongera, Kyenjojo District (Uganda) In the Kyenjojo District, the compounded effects of poverty and AIDS have significantly weakened the ability of families to care for their children. Indeed, poor living conditions increase theriskofdiseaseandthisburdenplungeshouseholdsintoeven greater despair. This situation typically jeopardises children’s well-being asit makesthemmore vulnerabletodiseases and malnutrition,leadingthemtopsychosocialdistress.Moreover, it increases school absenteeism and poor performance. The FXBVillage programme in the Kyenjojo District ended in 2014. During three years, it successfully accompanied 79 families (681 individuals in total) towards social and economic autonomy by providing them with an integrated package of health, nutrition, education, social protection, legal support, sanitation and psychosocial services, as well as capital to launch sustainable income-generating activities. All house- holdshavingbenefitedfromtheprogrammehavesavingsand increasedincomes.Theyhaveaccesstoanimprovednutrition thanks to their kitchen garden and eat at least two healthy meals per day. All families are registered in health centres Outputs 100 % of households : • successfully manage an income-generating activity • benefit from food security • access to adequate health care services Outcomes leverage • Social and economic autonomy • Increased capacity for families to raise their children • Creation of role models UGANDA AND RWANDA
  • 32.
  • 33. 29 CONTINUED… andhaveaccesstohealthcarefacilities.Schoolattendance rate increased up to 98 % for children between the age of five and 17 (compared to 25 % at baseline) and nine youths completed vocational trainings and are now employed. Various support groups have been created in order to strengthen beneficiaries’ overall capacity. The Foundation extends its support to two new FXBVillages In 2014, the Foundation extended its support to FXBVillages in Gisiza, Muhanga District, Rwanda, and Naluko, Iganga District,Uganda.Inthosevillages,theaimoftheprogramme remains the same : to deliver long-term improvements in health and education, and give economic opportunity to individuals by providing them with vital needs including housing, health care, education and nutrition. Gisiza, Muhanga District (Rwanda) The double impact of genocide and AIDS has resulted in Rwanda having one of the highest proportions of orphans in the world. The number of orphans due to HIV / AIDS was estimated to be over 52 % in 2010. Over a three-year period, the FXBVillage programme that was kicked off end of 2014 in the Muhanga district will seek to help 500 orphans and vulnerablechildrenandtheirfamiliesaffectedbythedisease escape poverty permanently by providing a comprehensive package of support, helping households and community groups develop livelihood projects and lasting sources of income,andbuildingsustainablecommunitysocialnetworks and referral mechanisms. Naluko, Iganga District (Uganda) In Uganda, conflict, displacement, extreme poverty and HIV / AIDSinparticularhaveleftmillionsofpeoplevulnerable. It is estimated that there are over 2 million orphans most of them as a result of HIV/AIDS. In the Iganga district, where the FXBVillage model is being implemented since theendof2014,thepopulationisestimatedat700,000people of whom 40 % are considered to be orphans and vulnerable children.ThegoalofanFXBVillageistograduallystrengthen, over the next three years, the socio-economic capacities of 80 HIV-affected families (600 people), so they are able to escape extreme poverty and take care of their children. FXB was founded on the belief that everyone should have a chance not just to survive but to thrive. It starts with a knock on the door… FXBVillage programmes bring the poor to self-sufficiency and dignity by tackling five drivers of poverty : food, health care, education, housing and economic reinforcement Christine Eggs, General Director, FXB International PARTNER FXB International www.fxb.org/international
  • 34.
  • 35. 31 Outputs 1,414 farmers and local entrepreneurs trained on new farming and business techniques Outcomes leverage • Reinforce skill • Diversify production • Improve income • Create job opportunities KURDISTAN REGION OF IRAQ PROMOTING SMALL-SCALE FARMING TheruralDohukProvinceischaracterisedbyanunstructured agricultural sector. Today, local agriculture barely copes with competition from imported products due to the loss of agri- cultural skills and lack of modern technologies. However, with a favourable climate, abundant arable land and multiple water sources, agriculture in this region could become an essential viable economic alternative capable of sustainably reducing poverty. From 2011 to 2014, the Foundation has supported the Institut EuropéendeCoopérationetdeDéveloppement(IECD)torevitalise small-scale farming and strengthen skills and knowledge in modernfarmingpracticesin192villageslocatedinthedistricts of the governorate of Dohuk. This programme was specifically aimed to support rural entrepreneurs or local community structures to empower them to build the entire agricultural valuechain–fromproductiontosales.Localfarmersreceived technical advice as well as material and agricultural services to create income-generating activities. The project supported 1,414 smallholder farmers and local entrepreneurs, individually or collectively, thereby creating localemploymentandenhancingentrepreneurialskillsinthe community. Local populations have adopted new farming techniques and diversified production to new areas such as beekeeping,poultryanddairyprocessing.Atractorrentservice enabled farmers to cultivate 105 additional hectares of land, and thanks to the loan of irrigation systems, 17 additional hectares of fruits and vegetables were irrigated. Lastly, the Veterinary Mobile Clinic provided services to 166 isolated breedersin37villagesthankstoapartnershipwith theDirec- torate of Veterinary. PARTNER Institut Européen de Coopération et de Développement (IECD) www.iecd.org
  • 36.
  • 37. 33 Outputs • 585 farmers and 133 youths trained in sustainable agricultural practices • 61 workers trained in efficient waste collection systems Outcomes leverage • Develop economic opportunities • Improve income • Create self-employment • Promote environmental friendly practices TANZANIA TEACHING SUSTAINABLE PRACTICES ThemostimportanteconomicsectorinTanzaniaisagriculture, whichemploysfour-fifthsofthepopulationandgeneratesnearly half of the gross domestic product. However, the population has not benefited equally from this economic growth, partly because the traditional and outdated methods used by local farmers no longer meet current economic or environmental needs. Nonetheless, the Morogoro Region is known to have favourable conditions for diversified agricultural production and is geographically well located with access to the major markets such as the capital, Dar es Salaam. Since 2011, the Foundation has been supporting a project run by Swisscontact destined to help the smallholder farmers, unemployed youth, as well as organisations and individuals involvedinsolidwastemanagement,toimprovetheirincome. The project has two main components : the development of skillsfortheagriculturalsectorandsolidwastemanagement. The beneficiaries of the agricultural training programme learn to cultivate crops using environmentally friendly and sustainable methods. The Community Based Organisations (CBOs) involved in the solid waste management are trained to improve their economic performance by collecting and sorting household waste, thereby strengthening their green businesses in the productive recycling sector. 1COUNTRY  2AREAS OF FOCUS
  • 38.
  • 39. 35 CONTINUED… Agricultural training In 2014, 585 farmers and 133 youths, more than 44 % of which are women, were trained in sustainable agriculture practices. This resulted in 89 % of trained youth being self- employedinagriculturethankstoprojectactivities.Moreover, overall income, productivity and sales increased by 56 %. In order to guarantee the sustainability of the approach, SwisscontactpartnerswiththeMorogoroVocationalTeachers Training College (MVTTC) – the highest vocational training entityinTanzania–totrainMasterTrainerswhowillthentrain facilitators. In 2014, the project conducted four modules at theMVTTCthatwerefollowedby17teachers,includingfour women. Waste management Withregardtowastemanagement,thecollaborationbetween Swisscontact and Morogoro Municipal Council (MMC) is gainingmomentum.Asaresult,thetownrankedthirdposition intheNationalTanzaniaMunicipalsCleanlinessCompetition. In2014,sixCommunityBasedOrganisationswereequipped withworkinggearsand50tonsofrecyclablewastecategories werecollectedandsoldtolocalrecyclingagentsfortranspor- tation.Finally,61CBOworkers(50 %ofwhicharewomen)took the training, are employed and receive a salary in improved working conditions. With this project, Swisscontact facilitates rural skill development for smallholder farmers and youth, integrating group savings with practical agricultural trainings. Economic opportunities are also being developed as we assist Community Based Organisations to promote waste separation, collection and recycling. Such challenging and beautiful projects allow us to design breakthrough solutions and help us achieve our mission by creating opportunities for people seeking to improve their living conditions and livelihoods through their own initiatives and integrating them into local commercial life Laure Fornasier, Partner Programmes, Swisscontact PARTNER Swisscontact www.swisscontact.org
  • 40. Securing people's basic needs in developing countries - food, water, health, energy and shelter - in a sustainable manner is essential to improving their livelihoods and enabling them to live in dignity
  • 42.
  • 43. 39 Outputs Production of fruits, vegetables, cereals and animal products (meat and eggs) Outcomes leverage • Improve nutrition for better health • Food autonomy contributing to orphanage sustainability GHANA IMPROVING AN ORPHANAGE’S SELF-SUFFICIENCY The Save Our Lives - Ghana (SOL-GH) orphanage welcomes approximately 80 orphans in the Ashanti region. The children benefit from shelter, clothing, food and education, enabling them to grow up safely and have access to improved living conditions.The orphanage wasfounded in1993andthanks to its personnel, volunteers and private donors it has welcomed morethan200childrentodate.Since2004,anAddaxPetroleum employee and his family have been actively involved in the orphanage’s development. Since 2011, the Foundation has been supporting SOL-GH in implementing an integrated ecological farming project in ordertomaintainahealthyenvironmentandprovidethechildren with appropriate diets. The project aims at producing fruits, vegetables, cereals and animal products (meat and eggs) to feedtheorphansandgenerateincomethankstotheexpansion ofthefarmingarea.Furthermore,theFoundationcontributes to the running costs of the orphanage and the maintenance of the building and equipment. In 2014, new local Executive and Advisory Boards were set up andthelocalmanagementwasstrengthenedbyanewBusiness Managerandafinancialaccountingsystem.Healthandsafety measures were reinforced in the orphanage premises : fire extinguishersandexitsignswereinstalled,firedrillswereheld, and mosquito screens were repaired to reduce the risk of malaria. Finally, the farming area today covers four acres and the first batch of maize was harvested generating over one tonofmaizeforselling.Inaddition,plantain,cocoyam,cassava and a large number of fruit trees (orange and mango) were planted. PARTNER Save Our Lives – Ghana (SOL-GH) www.saveourlivesghana.org
  • 44.
  • 45. 41 Outputs Installation of a solar power station and water supply system Outcomes leverage • Improved sanitation and hygiene • Access to clean water and electricity • Better nutrition and health TOGO SECURING WATER AND ELECTRICITY SUPPLY In Togo, only 40 % of the population has access to clean water and35 %toappropriatesanitationfacilities.ThetownofMandouri, located in the Savanes region more than 700 km from the capitalLomé,hasapopulationofapproximately11,000inhabit- ants. The area is isolated and completely devoid of essential basic amenities such as access to health care, electricity and pipe borne water. The Foundation has been partnering with Ingénieurs Archi- tectes Solidaires (IAS) since 2012 on projects in bothTogo and Burkina Faso. The project in Mandouri, destined to supply all hospital care units, in particular the maternity and the neighbourhood population, with the necessary electricity and access to drinking water thanks to the construction of a solar power station and the installation of a water supply system, started in October 2013. Beyond the positive impact on the hospital’s quality of health care, the solar electrification of the pumping system provides inhabitants with a constant access to drinking water, increases water supply for farming as well as construction works and reduces waterborne diseases. In 2014, a semi-autonomous solar plant, with a photovoltaic power of 4,860 watts-peak and a storage capacity of 72 kWh, aswellasawater supply systempowered by 1,350watts-peak photovoltaic panels with a pumping capacity of 20,000 litres per day, were installed. Both elements were connected to the hospital’s network providing mothers and newborns with access to clean water. During the year, the flow of water was on average 15,000 litres per day with 22,000litres per day flow rate during the dry months of March and April. PARTNER Ingénieurs Architectes Solidaires (IAS) www.ias-ch.org
  • 46.
  • 47. 43 Outputs • 14 patients received kidney transplants • 31 local medical staff trained Outcomes leverage • Improve patients’ health and living conditions • Skill transfer and capacity building for local medical teams GHANA ENCOURAGING KIDNEY TRANSPLANTS TO SAVE LIVES Kidney failure, which can be caused by various infections and diabetes,isadailystruggleandagrowingproblemthroughout the world. In developing countries in particular, it affects up to 20 % of the population due to the prevalence of tropical diseases.Moreover,dialysisisrarelyavailable,andevenwhen itis,themajorityofpatientscannotaffordtheassociatedcosts. The most effective and cost efficient treatment in the long term is kidney transplantation from a living donor. Since 2011, the Foundation has supported Transplant Links Community (TLC) towards a sustainable national kidney transplant programme in Ghana. This collaboration focused on facilitating kidney transplants from living donors at the Korle Bu Hospital in Accra. Thanks to the help of a multidisciplinary British medical team, specialised in kidney transplants, TLC strived to carry out kidney transplants and administer proper treatment to patients as well as train the local medical staff. To date, 14 patients and their families have directly benefited from the project,and manymore stand to benefit in the future as the result of skill transfer. The hospital’s medical team – including three surgeons, six nephrologists, 10 ward nurses, 12 operating theatre nurses and technicians – has received training.Endorsementoftheprogrammebyhigh-levelgovern- mentrepresentativesandseniorKorleBuHospitalmanagement marked animportant moment incementing thecommitment to the long-term development of the project. PARTNER Transplant Links Community (TLC) www.transplantlinks.org
  • 48. Volunteerism is a powerful way of engaging employees in tackling development challenges. In particular, it is a means by which we reinforce the existing ties between the Foundation and the employees from the founding company
  • 50. EVALUATION TRIPS AND VOLUNTEERING MISSIONS Employee engagement is essential for the Foundation to ensure that the projects it supports in collaboration with its partners are run smoothly and effectively. It is also a means to reinforce the existing ties between the Founda- tion and the employees from the founding company. The Foundation makes sure to identify the project’s needs and areas in which competencies available within the company can be useful. Evaluation trips allow the Foundation to obtain valuable insights helping to systematically measure and improve objectives and outcomes, and manage resources as best aspossibletoenhancetheworkcarriedout.Italsoenables to identify new opportunities, challenges or unforeseen difficulties faced in the field and ultimately, evaluate the project’s impact on the local populations. Through the Employee Volunteering Programme, the Foundation gives all Addax Petroleum employees the possibility to participate in its activities by working on a twotofiveweekvolunteeringassignment.Bycontributing theirtime,skillsandknowledgetoaproject’sdevelopment, employees can make a positive impact. In 2014, three tripsweremadebyatotaloffiveemployeestovisitprojects supported by the Foundation, including evaluation and employeevolunteeringmissionsinMorocco,Zambiaand Tanzania. Morocco TheprogrammeimplementedinpartnershipwithGroupe- mentdes Retraités Éducateurs sans Frontières (GREF, see p. 11) aims to enhance an early childhood educational network in rural areas through the training of young pre- school educators and experienced teachers to modern teachingmethods,managementofdocumentationcentres and library administration. Andrew, Transition Integration Coordinator, went on a mission to accompany the team and document the pro- ject’s main highlights with photos and videos. He also contributed to the organisation of the project’s closing ceremony and exhibition in Ouarzazate. This event was attended by various stakeholders, including the Minis- try of Education of Morocco. Meriem represented the Foundation and gave a speech during the official closing ceremony to underline the mutual engagement of the stakeholdersinvolvedsincethepartnershipwasinitiated. The mission was an eye-opener and helped me re-set values and sense of being. An experience I can recommend to all my colleagues ! I was impressed by the professionalism of the GREF and their ease of operation on the ground with all stakeholders. The Foundation’s involvement will help increase the children’s chances of getting an education and as a result will contribute to the growth and sustainability of the local economy Andrew Young, Transition Integration Coordinator The project evaluation trip resulted in a very positive assessment of the work that is carried out by the GREF and strengthened the spirit of partnership between the Foundation and the NGO. I met wonderful people who worked with devotion to develop early childhood education and employment in the region. This project particularly touched me as it plays a key role in supporting Morocco's future, my home country Meriem Saber, Corporate Social Responsibility Analyst 46
  • 51.
  • 52. CONTINUED… Zambia Avi,activememberoftheFoundation’sAdvisoryCommittee, accompaniedAdiwhoworksfortheFoundationtoconduct asitevisittoafarmingprojectinZambia.Thisprogramme, implemented in partnership with Baynards Zambia Trust (BZT, see p. 17), seeks to empower small holder farmers in landlocked communities through the introduction of cash crop production, especially bananas, and activity diversificationtoincreaseincomeandensurefoodsecurity. Atthisoccasion,theymetseveraldirectbeneficiariesand strengthened the ties with the local partner, a key player in the project’s successful implementation. The Sinopec-Addax Petroleum Foundation’s approach of building people’s capacity to help themselves has always appealed to me so I was grateful and excited by the chance to visit some active projects. We were warmly greeted at all three projects we visited, which have generated significant new income. The local dynamics show how important constant liaison with the farmers is for guidance, encouragement, and also the leadership of the groups. As today’s projects help people rise above subsistence levels, their children should benefit from at least a basic education and have a better chance in tomorrow’s world. The Foundation is supporting and encouraging people today and so guiding communities for their future Avi Ghosh, New Venture Exploration Advisor Tanzania Robert, Sinopec-Addax Petroleum Foundation Board member, accompanied Adi, Foundation Coordinator, to visit the project implemented in partnership with Swiss- contact in Tanzania (see p. 33). This programme aims to promotelocaleconomicdevelopmentintheMorogororegion byfocusingontwomaincomponents :increasefoodsecu- ritythroughvocationaltraininginsustainableagricultural techniques for smallholder farmers and unemployed youth ;addressurbanenvironmentissuesrelatedtosolid waste management by enhancing competencies of local organisations and individuals involved in the sector. It was striking to see how enthusiastic the participants were about their projects, and how they were applying as much as they could from what they had learnt. The “Taka ni Mali” (dirt is wealth in Swahili) project focuses on the collection and sorting of waste. We visited three Community Based Organisations, small groups who collect rubbish in their neighbourhoods, separate plastic bottles, glass, metal and organic materials. Plastic, glass and metal are sold to local companies, whereas the organic material is processed to become compost, a fertiliser for horticulture or agriculture. It was inspiring to see how motivated team members were in making this environmental project a success. Both the farming and the environment projects have the potential of making important contributions to reducing unemployment and pollution. Swisscontact, with the financial support of the Foundation, is playing an important role in successfully achieving this Robert Bulstra, Foundation Board Member 48
  • 53.
  • 54. FUNDRAISING – GENEVA MARATHON CYCLOTOUR DU LÉMAN Atotalof30employees,17runnersand13cyclists,respec- tively participated in the Geneva Marathon on Sunday, 4 May 2014 and the Cyclotour du Léman on 18 May, 2014 raising funds for the Fondation des Enfants Brûlés (FEB). FEB is a Swiss foundation established in 1989 which provides, on a volunteering basis, logistical and financial support to the Centre des Brûlés in Assiout thus allowing them to offer a quality medical service to severely burnt people living in rural and poor areas of Upper Egypt. They all managed a great sports and fundraising perfor- mance. Thanks to their sponsors they collected approxi- mately CHF 3,000. The Foundation matched this pledge, meaning that FEB received approximately CHF 6,000 in total. Thank you to all the participants and their sponsors ! CLOTHING DONATION CARITAS GENEVA Forthethirdconsecutiveyear,duringtheHolidaySeason, the Sinopec-Addax Petroleum Foundation in partnership with Caritas collected socks, hats, gloves and scarves to support families in need living in the Canton of Geneva. Thanks to the generosity of many employees, about 100 clothing items were collected under the Christmas tree. They were donated to the Social Cloakroom of Caritas Geneva,aSwissassociationfoundedin1942whoseprimary mission is to fight poverty and prevent social exclusion. Severaltonsofclothing aredistributed eachyeartomore than 4,000 people including 1,330 children. Thank you to all the generous donors ! 50
  • 55.
  • 56. 22 May - Geneva - Switzerland Governments, the private sector and civil society organisations, as actors of economic and social growth, have a huge potential to reduce poverty throughout the world by catalysing investment in developing countries Second edition
  • 58. ADDHOPE FORUM 2014 The Sinopec-Addax Petroleum Foundation believes that corporate philanthropy goes well beyond financial partici- pation and that governments, the private sector and civil society organisations, as actors of economic and social growth,haveahugepotentialtoreducepovertythroughout theworldbycatalysinginvestmentindevelopingcountries. SincetheMilleniumDevelopmentGoalswereestablished in the year 2000, the world has changed significantly. Economic and development landscapes have evolved, and with them the need to scale up innovative initiatives for development and explore new models of mobilising donors and beneficiaries. This is the Addhope Forum’s first and foremost purpose : to gather partners from a diversity of horizons – NGOs, internationalorganisations,privatefoundations,theprivate and public sectors, as well as academia, the media, and experts–toexplorenewsolutionsforsuccessfuldevelop- ment partnerships. Ahead of the Millennium Development Goals target date of2015,andbyridingonthediscussionsoftheforum’sfirst edition,theAddhopeForum2014tookplaceonThursday, 22 May in Geneva, Switzerland, with the aim to generate dialogue for development and identify ways to enhance collaborative work. Held under the theme of “Catalysing Drivers of Change” the agenda focused on the rise of key agents of change, in particularwomenandyouth,andnewmodelsofmobilising financing for development. Other topics, such as how to bestmanageriskindevelopmentprojectcyclesandpartner beyond borders, were also discussed. Plenary and interactive sessions took place throughout themorningandofferedaforumwhereparticipantscould openly share insights and practical experience, hence complementing the Foundation’s mission to alleviate poverty and give renewed hope. On this occasion, the forum was honoured to host H.E. Mr WU Hailong, Ambassador Extraordinary and Pleni- potentiary, Permanent Representative of the People's Republic of China to the United Nations Office at Geneva and other international organisations in Switzerland and thanks him again for his participation. 54
  • 59.
  • 60.
  • 62. REPORT OF THE STATUTORY AUDITOR ON THE LIMITED STATUTORY EXAMINATION To the Board of the Foundation of Sinopec-Addax Petroleum Foundation, Geneva Asstatutoryauditor,wehaveexaminedthefinancialstatements(balancesheet,statement of income and general reserves movement and notes) of Sinopec-Addax Petroleum Foundation for the year ended December 31, 2014. These financial statements are the responsibility of the Board of the Foundation. Our responsibilityistoperformalimitedstatutoryexaminationonthesefinancialstatements. We confirm that we meet the licensing and independence requirements as stipulated by Swiss law. We conducted our examination in accordance with the Swiss Standard on the Limited StatutoryExamination.Thisstandardrequiresthatweplanandperformalimitedstatutory examination to identify material misstatements in the financial statements. A limited statutoryexaminationconsistsprimarilyofinquiriesofcompanypersonnelandanalytical procedures as well as detailed tests of company documents as considered necessary in the circumstances. However, the testing of operational processes and the internal control system, as well as inquiries and further testing procedures to detect fraud or other legal violations, are not within the scope of this examination. Based on our limited statutory examination, nothing has come to our attention that causes us to believe that the financial statements do not comply with Swiss law and the Foundation’s articles of incorporation. Deloitte SA Will Eversden Camille Lavaud Licensed Audit Expert Licensed Audit Expert Auditor in charge Geneva, April 14, 2015 58
  • 63. 5959 SINOPEC-ADDAX PETROLEUM FOUNDATION, GENEVA Year ended December 31, 2014 (expressed in USD and CHF) BALANCE SHEET December 31 2014 2013 USD CHF USD CHF ASSETS Cash and cash equivalents 250,531 243,005 236,554 210,265 Total assets 250,531 243,005 236,554 210,265 LIABILITIES AND RESERVES Accruals – – 3,613 3 ,211 Liabilities – – 3,613 3 ,211 Deferred translation gain – 14,320 – – General reserves 197,690 178,685 180,100 157,054 Initial capital funds 52,841 50,000 52,841 50,000 Total reserves 250,531 228,685 232,941 207,054 Total liabilities and reserves 250,531 243,005 236,554 210,265 STATEMENT OF INCOME AND GENERAL RESERVES December 31 2014 2013 USD CHF USD CHF INCOME Donations (note 3) 915,047 835,346 1,023,226 949,441 Other income (note 4) 5,158 4,709 – – Bank interest 7 6 12 11 Total income 920,212 840,062 1,023,238 949,452 EXPENDITURE Projects (note 5) 683,368 623,847 962,047 892,674 Administration (note 6) 213,149 194,584 215,812 200,250 Total expenditure 896,517 818,431 1,177,859 1,092,924 Deferred translation loss – 9,989 Surplus / (Deficit) transferred to general reserves 23,695 21,631 (154,621) (153,461)
  • 64. SINOPEC-ADDAX PETROLEUM FOUNDATION, GENEVA Year ended December 31, 2014 (expressed in USD and CHF) NOTES TO THE FINANCIAL STATEMENTS 1. GENERAL TheSinopec-AddaxPetroleumFoundationisanindependent non-profitfoundationcreatedunderarticle80oftheSwiss Civil Code and is registered with the Geneva Register of Commerce from 26 January 2011 under statutes dated 14 January 2011. TheFoundationʼsmandateisto contributeto sustainable development projects addressing the root causes of povertyinAfrica,theMiddleEastandChina.Theprograms and projects supported by the Foundation are focused on three core areas : • Education • Health • Environment Inordertoachieveitsmandate,theFoundationismaking grantstoorganisations,institutionsorindividualsdesigning, elaborating, carrying out or taking part in projects in the three core areas mentioned above. The Foundation is exempt from federal and cantonal income and capital taxes. 2. PRINCIPAL ACCOUNTING POLICIES Basis of presentation – the financial statements are prepared under the historical cost convention and in accordance with the Swiss Code of Obligations. The accounting records are maintained in US dollar as that is the currency in which the majority of the income and expenses are incurred and is therefore determined to be the Foundationʼs functional currency. Donation income – donation income is recorded when it is received (cash basis). Donation expense – Donations (grants) made by the Foundation to third parties are recorded as they are approved and paid and once the third party has reached an agreed milestone. Commitments in line with the terms of the contracts (based on completion of agreed milestones) are disclosed. 3. DONATIONS December 31 2014 2013 USD CHF USD CHF Donations Addax Petroleum Holdings Ltd 900,000 821,610 1,000,000 927,890 Addax Petroleum Ltd 15,047 13,736 17,742 16,463 Audit fees – – 5,484 5,089 Total donations 915,047 835,346 1,023,226 949,441 In 2014, donations from Addax Petroleum Ltd included an amount of $15,047 / CHF 13,736 (2013 : $17,742 / CHF 16,463) which consisted of a donation relating to employee volunteering expenses. In addition, costs such as salary costs and related overheads of staff working on the Foundation were paid by Addax Petroleum Ltd and not recharged to the Foundation, and have not been reflected in these financial statements. Addax Petroleum Ltd also donated the initial capital funds of the Foundation amounting to $52,841 / CHF 50,000. 4. OTHER INCOME Deloitte fees are not recorded on a cash basis and were included in donations in 2013 financial statements for $5,484 / CHF 5,089. 2014 Deloitte fees amounted $5,158 / CHF 4,709. 60
  • 65. 6161 5. PROJECTS Disbursements Commitments Total Grants 2014 2015 2016 2017 Projects USD 1,249,868 683,368 406,500 130,000 30,000 CHF 1,141,004 623,847 371,094 118,677 27,387 Future commitments will be fully supported by the future donations receivable from the principal donor. 6. ADMINISTRATIVE EXPENSES 2014 2013 USD CHF USD CHF Administration expenses Services 23,552 21,500 34,332 31,856 Knowledge sharing 119,163 108,784 91,927 85,298 Office supplies 68,450 62,488 80,967 75,129 Miscellaneous 1,984 1,812 8,585 7,966 Total running costs 213,149 194,584 215,812 200,250
  • 66. THANK YOU We would like to congratulate all our partners for their fantasticworkandcollaborativespirit.Wethankthemfor theirvaluedcontributionandforprovidingtheinformation and photos which helped us compile this report. We would also like to extend our thanks to the Addax Petroleum employees who dedicated their time, energy and talent to the Foundation and the projects it supports. Whether it be during evaluation trips and volunteering missions in the field, fundraising activities or donations. Photo copyrights p. 9 Mercy Ships, p. 13 FXB International 2, 3 and 4 Jillian Edesltein @ FXB International, p. 15 Mercy Ships, p. 18IECD,p. 22MercyShips,p. 25MercyShips,p. 26FXB International, p. 28 FXB International, p. 30 IECD, p. 37 MercyShips,p. 38SOL-GH,p. 40IAS,p. 42TLC,p. 57IECD Others :Sinopec-AddaxPetroleumFoundationandAddax Petroleum employee volunteers : Adi Chayto, Andrew Young, Federico Porrera, Avi Ghosh, Robert Bulstra
  • 67. Contact Sinopec-Addax Petroleum Foundation Route de Malagnou 101 P.O. Box 789 1224 Chêne-Bougeries Tel : +41 (0)22 702 66 88 Fax : +41 (0)22 702 66 90 www.sinopecaddaxpetroleumfoundation.org Editor-in-chief : Marie-Gabrielle Cajoly Editors : Emily Geer, Céline Blanchoud, Adi Chayto and Meriem Saber Graphic design : Jim.B Printed on FSC paper, solvent-free ink by SRO-Kundig SA ©2014-2015 Sinopec-Addax Petroleum Foundation, all rights reserved