2022 Sustainability Report
empowering people
4 INTRODUCTION | 4 | |
ABOUT THIS REPORT | 4 | |
REPORTING BOUNDARY AND SCOPE | 6 | |
STATEMENT OF RESPONSIBILITY | 6 | |
AWARDS AND ACHIEVEMENTS | 7 | |
7 AEEI AT A GLANCE | 7 | |
BUSINESS PROFILE | 8 | |
ORGANISATIONAL STRUCTURE | 8 | |
OUR GEOGRAPHIC FOOTPRINT | 9 | |
OUR BUSINESS MODEL | 10 | |
OUR VISION | 14 | |
OUR STRATEGY | 14 | |
OUR STAKEHOLDER ENGAGEMENT | 16 | |
25 SUSTAINABILITY | 25 | |
SUSTAINABILITY GOVERNANCE | 26 | |
SUSTAINABILITY FIRST | 26 | |
OUR SUSTAINABILITY | 26 | |
OUR APPROACH TO ESG | 28 | |
OUR MATERIALITY DETERMINATION AND ESG | 28 | |
OUR APPROACH TO MATERIALITY | 30 | |
RESPONDING TO THE SUSTAINABLE DEVELOPMENT GOALS | 30 | |
36 HUMAN CAPITAL | 36 | |
INTRODUCTION | 36 | |
OUR HUMAN CAPITAL HIGHLIGHTS, OUTCOMES AND ACTIONS | 38 | |
TRAINING AND DEVELOPMENT | 40 | |
HUMAN RIGHTS | 43 | |
HEALTH AND SAFETY | 44 | |
INDUSTRIAL RELATIONS | 45 | |
EMPLOYEE BENEFITS | 46 | |
POST COVID-19 AND OUR EMPLOYEES | 46 | |
EMPLOYMENT EQUITY AND TRANSFORMATION | 48 | |
52 SOCIAL AND RELATIONSHIP CAPITAL | 52 | |
INTRODUCTION | 52 | |
OUR SOCIAL AND RELATIONSHIP CAPITAL HIGHLIGHTS, OUTCOMES | ||
AND ACTIONS | 53 | |
OUR STAKEHOLDER RELATIONSHIPS | 55 | |
ENTERPRISE AND SUPPLIER DEVELOPMENT | 56 | |
SUSTAINABILITY AND OUR VALUE CHAIN | 58 | |
SOCIO-ECONOMIC DEVELOPMENT/CORPORATE SOCIAL INVESTMENT | 59 | |
74 INTELLECTUAL CAPITAL | 74 | |
INTRODUCTION | 74 | |
INTELLECTUAL PROPERTY | 74 | |
PRODUCT RESPONSIBILITY | 75 | |
BRANDS AND PRODUCTS | 75 | |
76 NATURAL CAPITAL | 76 | |
INTRODUCTION | 76 | |
HIGHLIGHTS ON THE PROGRESS ON OUR NATURAL CAPITAL IN 2022 | 76 | |
WATER CONSUMPTION | 78 | |
WASTE | 78 | |
CARBON EMISSIONS | 78 | |
CLIMATE CHANGE | 78 | |
OUR ACTIONS THAT ENHANCED OUR OUTCOMES | 78 | |
80 MANUFACTURED CAPITAL | 80 | |
INTRODUCTION | 80 | |
OUTCOMES OF OUR MANUFACTURED CAPITAL | 83 | |
OUR ACTIONS THAT ENHANCED OUR OUTCOMES | 83 | |
84 FINANCIAL CAPITAL | 84 | |
INTRODUCTION | 84 | |
OUR PERFORMANCE | 84 | |
OUTCOMES OF OUR FINANCIAL CAPITAL | 85 | |
OUR ACTIONS THAT ENHANCED OUR OUTCOMES | 86 | |
87 GLOSSARY OF ACRONYMS | 88 |
2 | 3 |
ABOUT THIS REPORT
This report aims to inform our stakeholders clearly and concisely, including providers of financial capital, stakeholders and future shareholders of African Empowerment Investments Ltd ("AEEI", "the Company", or "the Group") of our investment portfolio across the various divisions within AEEI, namely: fishing and brands, technology, events and tourism, health and beauty, biotherapeutics, associates and strategic investments.
The content of the Sustainability Report has been informed by the following:
- Basic regulatory and compliance guidelines
- King IV™ Report on Corporate Governance for South Africa 2016 (King IV™)
- The International Integrated Reporting Framework
- The Companies Act, 2008 (Act 71 of 2008), as amended (Companies Act)
- The JSE Listings Requirements
- JSE Sustainability Disclosure Initiative
- International best practices
- Independent Third-Party Assurance from Integrated Reporting & Assurance Services (IRAS)
- The Sustainability Data Transparency Index (SDTI)
- The Global Reporting Initiative (GRI)
- Sustainability Accounting Standards Board (SASB)
OUR SUSTAINABLE DEVELOPMENT GOALS (SDGs)
We prioritised the six capitals with the SGDs that are aligned with our strategy:
HC
SRC
IC
NC
MC
FC
INTRODUCTION
AEEI AT A GLANCE
SUSTAINABILITY
HUMAN CAPITAL
SOCIAL AND
RELATIONSHIP
CAPITAL
INTELLECTUAL
CAPITAL
NATURAL CAPITAL
MANUFACTURED CAPITAL
FINANCIAL
CAPITAL
GLOSSARY OF
ACRONYMS
4 | 5 |
REPORTING
BOUNDARY AND SCOPE
INTRODUCTION | AEEI AT |
A GLANCE |
THIS SUSTAINABILITY REPORT
is supplemented by our full suite of online publications, catering to our stakeholder base's diverse needs. A summary of this report is included in the Integrated Report. The full suite consists of the following:
PRINT & ONLINE | ONLINE |
INTEGRATED | CORPORATE |
REPORT | GOVERNANCE |
REPORT |
ONLINE | ONLINE | |
SUSTAINABILITY | INVESTMENT | |
REPORT | PORTFOLIO | |
ONLINE&PRINT | REPORT | |
ONLINE | 2022 | |
Notice of | ||
Annual General | ||
Meeting, Form | ||
of Proxy and | ||
Condensed | ||
Annual | ||
Financial | ||
Statements | ||
for the year ended 31 August 2022 | ||
empowering | ||
people |
ANNUALNOTICE
FINANCIALOF AGM AND
STATEMENTSPROXY
This report covers all material sustainability matters for AEEI for the financial year ending 31 August 2022.
It is important to note that ESG/sustainability performance data reporting within this document is for all companies (inclusive of subsidiaries) where AEEI is the majority shareholder or where management control falls within the responsibility of AEEI (or one of its subsidiaries). Performance data is collated and reported on from an AEEI Group level which includes all the subsidiaries.
The Sustainability Report is divided into the following sections in terms of our most material matters:
- Sustainability
- Human capital
- Social and relationship capital
- Intellectual capital
- Natural capital
- Manufactured capital
- Financial capital
The ESG data table is provided as a supplement and is available on the website.
STATEMENT OF RESPONSIBILITY
The Board of directors of AEEI ("the Board") is ultimately responsible for sustainability. Accordingly, it has tasked the Social, Ethics and Transformation Committee to monitor, manage and report sustainability matters to the Board.
The Group is committed to promoting a strong culture of social responsibility, encompassing ethical values, community responsibility, environmental protection, cautious use of natural resources, economic advancement and employment.
ASSURANCE
Independent third-party assurance over 244 key sustainability indicators were provided by Integrated Reporting & Assurance Services (IRAS).
In accordance with the guidance provided by AccountAbility (www.accountability.org), independent third-party assurance (ITPA) to the level of Type 1 (Moderate) has been provided by Integrated Reporting
- Assurance Services (IRAS). This includes a review of Account Ability's AA1000 Assurance Principles Standard (APS) and a limited review of the reasonability of data supplied for 244 key sustainability indicators (where data has been provided). The assurance statement provided by IRAS is available on our website for download.
NAVIGATIONAL TOOLS
The following icons have been applied throughout the report to direct the reader to additional information or cross-referenced sections:
Online reference for further information
Page reference for information elsewhere in the report
King IV™
To highlight evidence of our application of the King IV™ principles, we have indicated references to the relevant principles per section. To define the principles and details of our application and practices, download the full governance report/King IV™ register available online at
https://aeei.co.za/about-us/corporate-governance/king-iv-on-corporate-governance-report/.
AWARDS AND ACHIEVEMENTS
For its disclosure for Environmental, Social and Governance Data in the Financial Services: Investments sector of the Sustainability Data Transparency Index (SDTI) Reporting in South Africa, AEEI was ranked first in its sector by Integrated Reporting & Assurance Services (IRAS) for its reporting in 2021 (published in August 2022) with an overall score of 87.37% from a total of 270 JSE-listed companies. For 2020, AEEI won first place in its sector with a score of 89.71%, and also won the award in 2015 and 2016 (Top in Sector).
SUSTAINABILITY |
HUMAN CAPITAL |
SOCIAL AND |
RELATIONSHIP |
CAPITAL |
INTELLECTUAL |
CAPITAL |
NATURAL CAPITAL |
MANUFACTURED |
CAPITAL |
FINANCIAL CAPITAL |
GLOSSARY OF |
ACRONYMS |
BUSINESS PROFILE | 8 |
OUR ORGANISATIONAL STRUCTURE | 8 |
OUR GEOGRAPHIC FOOTPRINT | 9 |
OUR BUSINESS MODEL | 10 |
OUR VISION | 14 |
OUR STRATEGY | 14 |
OUR STAKEHOLDER ENGAGEMENT | 16 |
The above reports can be accessed on our website:
6 www.aeei.co.za.
7
AEEI AT A GLANCE
NORTH
AMERICA
BUSINESS PROFILE
EUROPE
OUR GEOGRAPHIC FOOTPRINT
South Africa remains our primary market and we continue to expand our footprint into the rest of Africa. Outside of South Africa, we have a market presence in Asia, Dubai, Saudi Arabia, Spain, the United Kingdom, the United States, Ghana, Uganda, Zambia, Cameroon, Tanzania, Nigeria, Namibia, Kenya, Zimbabwe, Botswana, Ethiopia, Lesotho, Eswatini, Malawi, Mauritius, Côte d'Ivoire, France, Belgium, and Canada.
INTRODUCTION
AEEI AT A GLANCE
SUSTAINABILITY
HUMAN CAPITAL
SOCIAL AND
RELATIONSHIP
CAPITAL
INTELLECTUAL
CAPITAL
NATURAL CAPITAL
MANUFACTURED CAPITAL
FINANCIAL
CAPITAL
GLOSSARY OF
ACRONYMS
AFRICA
GUIDING PRINCIPLES
The following principles apply to all our business units:
- Operate ethically and in compliance with applicable laws.
- Value employees, embrace diversity and promote a fair and respectful workplace.
- Provide a safe and healthy workplace and strive to reduce the environmental footprint of products and operations.
- Be an asset to local communities by supporting programmes and ongoing economic development.
- Promote engagement with and the development of diverse suppliers and enterprise development clients.
- Strengthen management systems that govern responsible operations.
- Work with enterprise development clients and suppliers to improve performance.
ORGANISATIONAL STRUCTURE
FISHING AND | TECHNOLOGY | EVENTS AND | HEALTH AND | BIOTHERAPEUTICS | STRATEGIC |
BRANDS | TOURISM | BEAUTY | INVESTMENTS |
8 | 9 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
AEEI - African Equity Empowerment Investments Limited published this content on 12 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 January 2023 15:59:09 UTC.