04 | THE ORGANIZATION – OUR STAFF
OUR STAFF
The OPEC Fund is committed to the well-being of its staff
Building on successful decades of operations the OPEC Fund is implementing an ambitious development agen- da with the goal of expanding its activities and deepen- ing its impact. New targets such as committing 40 percent of all new financing to climate action by 2030 under the Climate Action Plan or mobilizing additional funds for a global energy transition under the Climate Finance and Energy Innovation Hub require specific expertise. A grow- ing number of dedicated staff is similarly required to broaden and strengthen the OPEC Fund’s operational delivery in 125+ countries worldwide.
219 staff as of December 31, 2023. This workforce rep- resented 56 different nationalities with a gender distri- bution of 57 percent male and 43 percent female. The average age of staff has proven consistent for the past five years, landing at 45.5 years in 2023. Average tenure stood at 8.2 years with 31 percent of staff serv- ing for more than 11 years. The OPEC Fund regards its staff as its most valuable as- set. Its commitment to staff well-being includes active support for learning and development and other op- portunities, the setting out of a transparent career path and growth plan aligned with a competency framework, staff engagement and the offer of a competitive, per- formance-based remuneration and benefits package.
As a result, the OPEC Fund saw the number of staff increase by 15 percent over the last two years to reach
66
Powered by FlippingBook