Aligning our activities with Guinea’s development goals is central to the way we work. We continuously measure and report the contribution to these goals made by projects that we fund.
To meet these goals, we have chosen to focus on the agriculture sector – in particular on projects that will enhance Guinea’s food security and agricultural productivity.
We do not carry out projects ourselves. Our approach is to support local organisations by financing socioeconomic projects that they implement. We, in turn, make sure that the projects progress efficiently and maximise the socioeconomic benefits that they generate.
We recognise that we cannot accept every application for financial aid that comes our way. To ensure that we sponsor the most promising projects, we always follow a clear and transparent selection process. We start by issuing a Call For Proposals that defines the selection parameters. All submissions received by the deadline are then reviewed in detail. A Project Selection Advisory Committee then makes recommendations to the Board of Directors – who ultimately select projects to fund.
To help with the selection process, we have developed detailed selection criteria that allow objective evaluation of each proposal. The criteria are detailed and wide-ranging, as the sample below shows:
- Is the applicant a Guinean non-profit organisation?
- Does the project align with Fondation Rio Tinto’s values?
- Is the project in line with the Guinean government’s socioeconomic development goals?
- Does the project have a high potential for socioeconomic benefits? Will these benefits outweigh the project cost?
- Does the project have widespread community support and multiple financing sources (co-financing)?
During each Call For Proposals, we will make the application form available below.