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11 Jun 2014

Soco International

Joint Statement by SOCO International plc (‘SOCO’) and WWF

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WWF and SOCO have reached an agreement in relation to WWF’s complaint to the UK National Contact Point (‘NCP’) under the Organisation for Economic Cooperation and Development (‘OECD’) Guidelines for Multinational Enterprises. On the basis that SOCO has agreed to issue and honour the statement set out below, WWF has agreed to stop further pursuit of its complaint. Both parties look forward to working responsibly with the Democratic Republic of Congo (‘DRC’) and its people to ensure that future development benefits both people and the environment...[Soco stated]: “In relation to Virunga National Park we will complete our existing operational programme of work in Virunga which we anticipate will conclude within approximately 30 days of the date of this statement. The company commits not to undertake or commission any exploratory or other drilling within Virunga National Park unless UNESCO and the DRC government agree that such activities are not incompatible with its World Heritage status. SOCO commits not to conduct any operations in any other World Heritage site..."