Chevron is first ‘corporate champion’March 2008
The oil corporation Chevron is to give $30million (£15.4m) over three years to the Global Fund to Fight Aids, tuberculosis and malaria.
Chevron is making the donation through the Global Fund’s newly established Corporate Champions programme for multinationals making medium to long term investments to combat disease in countries where they operate.
The company is the first to donate through the programme, which enables companies to create links with their own volunteering and community programmes. Chevron’s contribution will be spent in Asia and Africa, with the company additionally using the management skills of its staff and its business infrastructure to help develop and implement national strategies on the diseases.
Since its creation in 2002, the Global Fund, a public-private partnership, has become the main multilateral financial supporter of efforts to fight Aids, tuberculosis and malaria. More than a fifth of all international finance for Aids projects, and two-thirds for combating tuberculosis and malaria, is channelled through the fund. So far, the programmes are claimed to have saved two million lives by providing Aids treatment for 1.4 million people and tuberculosis treatment for 3.3 million people, and by distributing 46 million insecticide-treated bed nets to prevent the spread of malaria.
However, support from corporates has been piecemeal, and the fund hopes Chevron’s involvement will encourage other businesses to give significantly more money.
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