Our social investment strategy aligns business and community needs; the level of investment increases with business activity and impact.
In 2016, Woodside began implementation of an integrated phased approach to social investment that supports the company’s producing assets and growing exploration and development portfolios.
Where we contribute
As Woodside’s business portfolio has expanded, we are engaging with a growing number of host governments and communities.
By engaging with stakeholders and understanding the social context, we are able to determine stakeholder needs and expectations and the potential impacts of our activities. This allows us to understand the best way we can invest for mutual benefit.
Woodside Development Fund
In 2014, the WDF was launched a 10-year A$20 million commitment to pioneer a new approach to community development, focusing on childhood development to have a positive impact on health, productivity and participation outcomes.
about the real impacts the WDF is having on communities.
Investing in our communities
Our strategy is to create shared value for both the local community and the Woodside business by creating capacity and capability in our host communities. We have aligned our social investment to support the United Nations Sustainable Development Goals (SDGs) by focusing on three themes: opportunities, knowledge and resilience.
We believe there is shared value for our business and our communities by co-creating opportunities in education, employment and enterprise.
To do this, we take the time to improve our knowledge of what's needed, to understand the environment we work in, to minimise our impacts and to maximise the opportunities to work with and support both community and government.
This approach helps to build resilience in our host communities so they can take advantage of the opportunities we create.