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The governance structures below are tasked with ensuring that ESG is given the right level of attention and that responsible ESG practices extend across the organisation and into strategic and daily operational decision making and business practice. Through these structures, we aim to ensure that capital allocation decisions are considerate of national priorities and are socially relevant and environmentally responsible.
The board of directors is ultimately responsible for people management and ESG issues and it is kept abreast of all critical concerns and regulatory matters relating to these aspects. It delegates responsibility for people matters and ESG issues to the group SES committee and the executive management team.
The SES committee has a statutory mandate to ensure that citizenship and stewardship are intrinsic to our daily business conduct. The committee brings a social conscience to board and group decisions, ensuring balance between the group’s need to compete for limited resources in the interest of commercial success, with the need to sustain the health of the ecosystem we live in, with its interconnected social, economic and natural elements.
The committee has an approved annual work plan, complies with the requirements of the Companies Act, and follows the established guidelines of the King Report on Corporate Governance in South Africa 2016.
A dedicated ESG/CSI committee, a sub-committee of the SES board committee, provides oversight and implements good corporate practices relating to CSI, enterprise development and ESG. The committee includes representatives at a group and divisional level and meets quarterly. The committee approves all CSI and enterprise development projects and spend to ensure they align with our strategic objectives and reviews safety and risk matters.
The group executive committee is tasked with monitoring the integration of ESG into daily business practices. Executive management for ESG falls within the group corporate affairs and investor relations portfolio.
The biannual SHEQ committee is attended by divisional safety champions, managing directors and occupational health and safety representatives in South Africa. The committee is tasked with implementing SHEQ policies, managing environmental and safety compliance, addressing incidents and near misses, reviewing SHEQ audits, implementing action plans and raising environmental awareness.
Logistics International’s SHEQ and Sustainability Department centralises the co-ordination and management of ESG issues in collaboration with representatives from the division’s operational units.
Group-wide ESG policies and guidelines, including for CSI and climate change, have been developed and approved by the group executive and SES board committees. These policies and guidelines apply across all operations.