Volcan’s socially responsible investments are directed towards five pillars: education, health, economic development, local employment, and infrastructure.
This approach has improved the efficiency of invested resources, which are mainly focused on fulfilling agreements and commitments with the 33 local communities.
Volcan is convinced that education is the key to transforming Peru into a developed country with equal opportunity for all. Currently, the Company is developing programs at different educational levels through alliances with organizations such as Enseña Perú and the National Training Service for Industrial Work (SENATI). By 2021, Volcan, along with Enseña Perú, will transform the educational reality of the Junin and Pasco regions by placing 20 highly skilled teachers in the schools with the highest needs, positively impacting thousands of students. In addition, Volcan has a comprehensive scholarship program with SENATI for higher education and technical training of young people within the area of influence of its operation. Furthermore, the Company offers training in diverse technical specialties to young people and adults that reside in our communities.
Volcan has assumed the commitment to generate sustained improvement of health standards in the communities in its area of influence. To accomplish this, Volcan and its strategic health partner, the NGO Prisma, developed a program to identify the principal diseases found in each community and monitor their evolution over time. The program includes health campaigns to treat disease, and a preventive approach that includes advocacy meetings, raising the awareness of authorities, and hands-on educational sessions that prioritize the most important topics for each community. Volcan believes that the State plays a crucial role in attaining the project’s sustainability, and thus seeks to involve the government in the project’s implementation and management.
Considering the conservation and protection of traditional businesses, as well as the development of local industry and innovative ideas, Volcan and the NGO Prisma designed a program to develop sustainable businesses. Agricultural and stockbreeding campaigns were developed to improve the productive chain in communities through technical assistance and monitoring for over 2,600 families. Volcan provides resources for productive activities related to agriculture and stockbreeding, promotion of forest production and strengthening of breeding activities through the development of fish farms. These actions, coupled with the hiring of community-owned business, generates annual revenue of USD 22MM for local economies.
In order to contribute to reducing the infrastructure gap in Peru and to the sustainability of communities in its area of influence, Volcan participates in and was a pioneer of the government program “Public Works for Tax Credits”. The projects developed in this program aim to improve the quality of life of neighboring communities by improving basic infrastructure and services. Investment in strategic sectors such as water, sanitation, education, health, and nutrition is prioritized.