Case Studies: Sustainable Investment and Community Development
Explore how major companies in Liberia, such as Golden Veroleum Liberia and Firestone Liberia, contribute to sustainable development, local employment, and community initiatives through their strategic investments.
Golden Veroleum Liberia (GVL)
Established: 2010
Focus: Responsible and sustainable development of the oil palm industry in Liberia.
Focus: Responsible and sustainable development of the oil palm industry in Liberia.
Focus: Responsible and sustainable development of the oil palm industry in Liberia.
GVL works closely with local communities by:
- Signing MOUs directly with communities
- Contributing to Community Development Funds (CDF)
- Providing employment opportunities
- Creating local content supply opportunities
Firestone Liberia
Company: Firestone Liberia Inc.
Overview: World’s largest contiguous natural rubber operation.
Infrastructure includes:
- Housing, Schools, and Clinics
- Full referral hospital
Employment: Largest private employer in Liberia.
Investment period: 2004 – 2017
Total Investment: USD $1.3 billion
Major allocations:
- Wages, Salaries, and Healthcare
- Taxes paid to the Government
- Rubber purchases from local farmers
- Payments for goods and services
Source: Firestone Liberia Incorporated
Investment Impact, Sustainability, and Long-Term Commitment
These highlights provide an overview of the measurable impact, sustainability practices, and long-term milestones achieved through major private sector investments in Liberia.
Key Metrics & Impact
- USD $1.3B+ in total investment
- Largest private employer in Liberia
- Thousands of jobs created and sustained
- Dozens of communities directly engaged
Sustainability & ESG
- Responsible land use and environmental protection
- Community consent through formal MOUs
- Investment in healthcare, education, and housing
- Local sourcing and supplier development
Timeline & Milestones
- 2004–2010: Operations and expansion phase
- 2010: Community engagement frameworks established
- 2017: Major reinvestment milestone achieved
- Present: Ongoing operations and development
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