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Corporate Social Responsibility and the social dimension of the company are and always have been a strategic priority for Y&V.  

As stated among our corporate principles: "We strongly believe in the possibility of sustainable development and our obligation to contribute favorably to the advancement of society and of the communities influenced by our operations.” 

In this sense, internal and external social investment has been an essential part of our business. The internal dimension is centered on the company's relationship with the workers and their families. Our human resources are and will always be our biggest asset. This involves creating and offering opportunities for development of personal, family and professional improvement.  

For the external dimension we evaluate and canalize relationships with our surroundings. Y&V promotes and consolidates social action programs at each of the communities located in the areas of influence of the projects we execute.  

In the year 2005 we took an important step in the company's social commitment by creating Y&V Foundation, which is aimed at offering opportunities for education, overcoming exclusion and improving the quality of life in terms of efficiency and sustainable development.  

In order to guarantee the economic feasibility of the proposals to be executed within the framework of our social responsibility plans, Y&V sets aside 10% of its profits for Y&V Foundation.  

Y&V FOUNDATION 

Programs:  

1. Prevention and care of children at social risk

Y&V has a long history of collaboration and support for an important number of organizations dedicated to the job of prevention, care and integral teaching of children and adolescents and their families who are susceptible of having their fundamental human rights violated.  

Among the organizations receiving contributions through the evaluation and selection of social projects are: ASOPROGAR in El Hatillo, Miranda State; the Homes of the Don Bosco Organization in Puerto La Cruz and El Tigre, Anzoátegui State, and Sarría in Caracas; Casa Hogar José Gregorio Hernández in Macarao, Caracas; Hogar Virgen de los Dolores, in Puerto Ordaz, Bolívar State; and Hogares Bambi de Venezuela and Fundana in Caracas.  

Homes, food, affection, health and integral education are provided at all these homes for boys and girls and adolescents who formerly lived on the street or were at serious social risk and who, for different reasons are separated from their family nucleus.  

The organizations that have received support for the expansion and strengthening of risk-prevention programs during infancy and youth through education, family education, training in community work and development are: Salud y Familia, through its School Desertion and Exclusion Prevention program in Baruta, Miranda State; Fortalecimiento Familiar in Anauco, Caracas; OSCASI through its El Cortijo Integration School for boys and girls who have abandoned school, in Petare, Miranda State; and the Colegio Agustiniano San Judas Tadeo in La Pastora, Caracas.   

In the province of the country, children and young people have been favored by Dividendo Voluntario Carabobo; the School Canteen Program in Puerto Cabello and Morón; the Guarenas Community Center of SOS Aldeas Infantiles; Instituto Kasanay in Zulia State; and the Damas Salesianas Training Center in Punto Fijo.

Thanks to these contributions, 1,813 boys and girls and their families benefitted from the prevention programs and 284 boys and girls in the care centers, for a total of 3,097 boys, girls and adolescents.  

     2. Grants for university students 

The grants to university students are in response to our wish to meet one of the prime objectives of the Foundation, which is to contribute to the training and education of young Venezuelans with limited economic means, in order that they can start and continue their university studies in the area of engineering and other professions related to the activities performed by Y&V.  

The young people are selected based on their academic performance by the authorities of the respective places of study and will enjoy this benefit until the time they complete their pre-grade studies.

To date, the Y&V Foundation has granted 368 grants, benefiting students at UCV, USB, UCAB, LUZ, UNIMET, UNEXPO, the Luis Caballero Mejías Vice Rectorate, University of Carabobo, Alejandro Humboldt University and the Jesús Obrero University Institutes of Fe y Alegría in Petare and Catia, Caracas, Barquisimeto, Lara State and San Francisco, Zulia State. 

THE COMPANY'S SOCIAL RESPONSIBILITY  

The company's social responsibility is oriented towards encouraging and executing social-environmental impact and sustainable development programs in the spheres of influence and communities where company projects are executed, in partnership with public and private entities and the organized community.

 Among projects being currently developed we would mention "The equipping of the universal welding workshops for INVECAPI's Santa Cruz training center" at Puerto Cabello on the Morón-Puerto Cabello axis, aimed at training young out-of-work people in the region.  

Another social-environmental project under study is the Improvement of the Paragüita Garbage Fill in Morón, which will also complement an Institutional Reinforcement and Environmental Education program for the communities.  

Through an agreement with our clients, we have also supported different social projects requested by the company and the community, such as the electrification of rural communities and the construction of access roads, among others.  

Company volunteer work 

A person becomes a good citizen when, together with others, she or he is capable of creating and transforming things for the benefit of the community.  

At Y&V we offer our employees and their families the chance to participate in different social solidarity initiatives.  

We are working on supporting the organizations that work with children at high social risk and with low-income communities in programs such as sports, recreational and cultural projects, donations of school books and items, training in values and the organization of special events.  

On the other hand, the volunteers have joined environmental conservation and recycling campaigns.  

At Y&V we are convinced that with commitment, solidarity, consistency and good will it is possible to leave a significant mark on human development and contribute to the progress of the communities.