Sustainability Report
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A sustainable approach to sustainable development Our philosophy of creating sustainable value for all our stakeholders requires that we continue to operate, manage and report the economic, environmental and social aspects of our activities in an integrated and harmonious manner, without prejudicing the future for any of our stakeholders. |
| KHANYISILE KWEYAMA Group executive: Global human resources and transformation |
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CEO message
The integrated nature of our stakeholders’ interests and an
appreciation of the environmental impact of our activities have
inspired us to formulate and commit to a leadership position in
sustainable development.
Our management approach of creating long-term value for all our stakeholders remains the foundation of this commitment and is entrenched throughout the group in our value based management (VBM) philosophy. The sustainability of our business is integral to this approach and to this end we continually reflect and evaluate our activities against our 10 Pillars of sustainability.
This is underscored by the integrated manner in which we review and report our activities. We do not separate economic, social and environmental aspects but regard them as related components of our value creation system which are measured and managed in concert.
Our reporting systems and processes are constantly evolving to ensure a transparent, inclusive and balanced reflection of our commercial activities. As we continue to assess and respond to risks associated with sustainable development, we also identify long-term value creation opportunities which we actively pursue.
We believe climate change is a significant challenge which can only be addressed if all stakeholders act with community of purpose and solidarity of resolve.
Barloworld’s response to the climate change challenge includes offering our customers products and solutions with limited environmental impacts and reducing the negative environmental consequences of our activities.
We monitor, minimise and will offset our carbon footprint where appropriate, and we strive to reduce our consumption of natural resources.
We remain committed to:
• providing our customers with the integrated and
environmentally sound solutions they require to meet their
sustainable development objectives;
• acting in the best interests of our principals and representing
them in a manner that reflects their sustainable development
objectives;
• ensuring an inspiring climate for our employees to work in
and within which all have equal opportunity to fulfil their
aspirations and be
proud ambassadors of the group;
• delivering sustainable returns to our shareholders that are not
achieved at the expense of future generations; and
• being regarded as a responsible corporate citizen by all
our stakeholders, including the communities in which we
operate.
I am convinced that the enduring competitiveness of Barloworld,
together with our ability to create sustainable value for our
stakeholders,
rests on these commitments and we will manage
the group accordingly.