Vunani

Sustainability

Sustainability reporting is the practice of measuring, disclosing and accounting to internal and external stakeholders regarding organisational performance towards the goal of sustainable development. The information set out below on Vunani’s sustainable business practices has not been assured.

SUSTAINABILITY FOCUS AREA
  • Group and segment profitability
  • Cash generation
  • Sufficient capital and efficient deployment thereof
  • Share price and market capitalisation
RESPONSE TO SUSTAINABILITY FOCUS AREA
  • Ongoing monitoring of financial performance of the group, with bi-annual reporting to shareholders
  • Regular interaction with various levels of stakeholders
  • Projection of capital utilisation monitored by business segments
  • Use of forecasts, budgets and cash projections to monitor and manage liquidity

SUSTAINABILITY FOCUS AREA
  • Training and development
  • Safety, health and environment
  • Employee incentives
RESPONSE TO SUSTAINABILITY FOCUS AREA
  • Opportunities are provided to staff to further their education through financial assistance and provision of paid study leave.
  • Employees are supported through learnership programmes such as CFA and MBA.
  • In-house training facilitated by senior employees to transfer knowledge to junior employees.
  • A health and safety committee is responsible for ensuring a safe, healthy working environment. The committee reports to the social and ethics committee.
  • Annual wellness days are held to encourage employee awareness.
  • Short-term incentives are in place at each operating business and staff within these businesses are eligible to participate.
  • Long-term incentives are in place through a share incentive scheme that will allow management and key employees to acquire a meaningful stake in the group and/or underlying businesses.

SUSTAINABILITY FOCUS AREA
  • Stakeholder relations
  • Delivering social values
RESPONSE TO SUSTAINABILITY FOCUS AREA
  • Presentations are made to all stakeholders on a regular basis to provide objective, balanced, relevant and understandable updates on developments within the group.
  • Promoting B-BBEE within the group.
  • Promoting economic growth through enterprise and supplier development.

SUSTAINABILITY FOCUS AREA
  • Protection of intellectual capital and institutional memory
  • Brand and reputation management
RESPONSE TO SUSTAINABILITY FOCUS AREA
  • Safeguarding the group’s intellectual property through the implementation of appropriate controls.
  • Aligning employee and company interests.
  • Appointment of a public relations and investor relations manager.
  • Regular review of the brand to ensure it relates to our stakeholders.

SUSTAINABILITY FOCUS AREA
  • Maintenance of the information technology infrastructure, which includes physical hardware, off site services, internally developed and purchased systems
RESPONSE TO SUSTAINABILITY FOCUS AREA
  • Formulation of appropriate processes to ensure ongoing availability of all information technology platforms.
  • Staff are encouraged to be aware of consumption of water, electricity and paper.

SUSTAINABILITY FOCUS AREA
  • Use of natural resources in a conservative manner and utilisation of technology, where possible, as an alternative
  • Reduce the environmental impact of coal dumps
RESPONSE TO SUSTAINABILITY FOCUS AREA
  • Recycling facilities are made available, including e-waste management.
  • Building facilities include the use of water tanks filled by rainwater, where possible.
  • Beneficiation and processing of coal mine dumps.

The relationship with our key stakeholders is a critical element that contributes to the achievement of our strategic objectives and creating sustainable long-term value for the group and stakeholders alike. These relationships contribute directly and indirectly to the way we do business and our reputation as a financial services group.

Engagement with key stakeholders is facilitated through various levels of interaction that are aimed at providing insight into our strategy, significant business developments, material issues operating business performance and prospects.

The manner in which we engage with our stakeholders, and the frequency with which we do so, varies according to each identified stakeholder group. The groups’ executive and operational management bodies identify stakeholder groups, issues and areas of concern that may impact stakeholders. The most appropriate level of management then assumes responsibility for engagement, identification of further stakeholder concerns and determining the most appropriate action to be followed to address these concerns. The group chief executive officer oversees all stakeholder engagement and plays a key role in analysing relevant issues and concerns and providing guidance on appropriate responses.

  • Shareholders
  • Investor community
  • Lenders/ Banking institutions
  • Employees
  • Clients
  • Shareholders
  • Government
  • Regulatory bodies and authorities

www.fairheads.com/social-responsibility

www.vunanifm.co.za/corporate-responsibility