ICV focus area | Our priorities | Our impacts on stakeholders |
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Employment |
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Renaissance have identified enhancing local content in all geographical areas of our operations as a strategic priority. |
Investment | Investing in legacy infrastructure that would support the local community
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Our investment in the Renaissance Village in Duqm is expected to provide significant opportunities for value creation in the local community. The investment would contribute to the planned development within the SEZ in Duqm by providing safe, reliable and economical accommodation for the workers on construction projects as well as for permanent employees of various organizations in Duqm. |
Procurement |
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Renaissance seek to localize our supply chains by prioritising procurement of goods and services from local suppliers. We work closely with SMEs to train and mentor them to meet international standards. |
Communities |
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Our strategic CSR programme prioritises projects which are meaningful and relevant for the local communities. The programme focusses on three key areas: 1) Economic wellbeing and personal development, 2) protecting the environment and 3) improving and assisting communities. |
Ownership |
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We seek to work closely with trusted partners and investors as we aspire to grow and diversify our business. We prioritise the participation of domestic investors in our strategic investments and aim to enter partnerships with local businesses. |
Economy |
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As a business listed in the Muscat Securities Market, we create economic value to our local shareholders and also contribute to the local economy through our payments to employees, payments to suppliers including SMEs, payments to governments through taxes and through voluntary contributions to the community. We monitor and report on our in-country spend on people, goods and services and seek to maximise the spend locally. |
Multinational |
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As a strategic priority Renaissance seeks to grow our business by expanding into new geographies and markets. We would continue to deliver high quality services to our clients while complying with international standards. |
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[contact-form-7 404 "Not Found"]We use the European Commission definition of SME, which has three categories: