Accountability and sustainability
SOCIAL AND ETHICS COMMITTEE REPORT
In line with the requirements relating to social and ethics committees as set out in the Companies Act, King III and the criteria of the JSE’s Socially Responsible Investing Index, the group has established a social and ethics committee. The committee acts on behalf of the board and is responsible for evaluating social and ethical responsibilities and making recommendations to the board thereon. The committee has all the functions and responsibilities provided for in the Companies Act. The committee members are set out in the governance structure, and attendance at meetings is set out under board and committee meetings.
TERMS OF REFERENCE
The duties and responsibilities of the committee are set out in a formal terms of reference which have been approved by the committee and the board of directors.
The main duties of the committee include:
1. | Social and economic development including Stor-Age’s standing in terms of the goals and purposes of the: |
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2. | Good corporate citizenship, including: |
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3. | The environment, health and public safety, including the impact of Stor-Age’s activities and services, monitoring of and implementing recycling practices, reducing Stor-Age’s carbon footprint, consumption of electricity, consumption of water and disposal of waste: |
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4. | Customer relationships, including Stor-Age’s public relations and compliance with consumer protection laws: |
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5. | Labour and employment, including: |
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The committee is further tasked with: |
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The committee’s focus areas are reported on in the acting sustainably section.
Mechanisms to encourage ethical behaviour such as the Code of Ethics and corporate citizenship policies were confirmed as adequate by the committee in the period under review.
Graham Blackshaw
Social and Ethics Committee Chairman
13 June 2017
Driven by our Core Value of Sustainability, we believe that every single decision or action that we take today, has a direct impact on all decisions or actions which can be taken tomorrow.
It means not always taking the shortest route and not always being focused on a short-term time horizon. Rather, it means that we acknowledge that what we do today, will have a direct influence on what we can do tomorrow.
We encourage the sharing of new ideas. We believe in preparing for tomorrow, today. We know that to remain the market leader in South Africa we have to continue to nurture and encourage a culture of innovation from within and find more efficient ways to do things.
We aim to build an organisation that is resilient, which can endure and adapt through multiple generations of leadership as well as multiple product life cycles.
A sustainable
organisation
is
bigger than the
sum of its parts.