Barloworld strives to fulfil its commitment to a leadership position in sustainability understanding that stakeholder interests are best served by integrated and coordinated value creation activities addressing economic, environmental and social aspects.
Our value-based management framework entrenches long-term value creation, highlights the interdependent nature of stakeholder interests and requires an integrated approach to management and reporting.
Active stakeholder engagement enables us to identify stakeholder value, distils material issues for the group and directs focus.
Robust strategic planning and risk identification processes highlight areas for attention which are incorporated into management activities. These also identify strategic opportunities which are pursued.
The group’s strategic triangle highlight six strategic focus areas which underpin the achievement of the groups vision 20153: To deliver significant incremental value for our stakeholders through 2015.
Barloworld understands that our people are the foundation our success and that our continued success rests our ability to attract, develop and retain globally competitive people. The group is committed to empowerment and transformation and believes that its profile should represent the demographic of the societies in which it operates.
Climate change and environmental considerations are central components of the group’s ethos of responsible corporate citizenship. Mindful of the environmental consequences of our activities we are committed to conducting our operations in an environmentally responsible manner and delivering integrated customer solutions that assist our customers to achieve their own impact minimisation objectives.
Also central to it responsible citizenship is the group’s corporate social investment activities in response to the socio-economic development imperative to empower previously disadvantaged individuals and uplift communities in South Africa, to the benefit of all.
In line with our commitment to responsible corporate citizenship, we are signatory of the Energy Efficiency Accord with the Department; Mining and Energy in South Africa. We are a member of the South African National Business Initiative’s Energy Efficiency Leadership Network and have signed its Energy Efficiency Pledge.
We are also a signatory of the United Nations Global Compact and have submitted our 2012 Communication on Progress, and we have responded to both the Investor CDP 2012 and Water CDP 2012.
Barloworld is currently a member of the Johannesburg Stock Exchange’s Socially Responsible Investment Index, ‘Best Performer Category’ and received a Barloworld received a Platinum certificate of recognition for inclusion in the A band of the Carbon Performance Leadership Index (CPLI) for 2012.
The group is committed to transparent integrated reporting and in addition to its published 2012 Integrate Report, it has comprehensively responded to the GRI G3.1 guidelines achieving an externally assured A+ Application level.
The group is committed to responsible business conduct and legal compliance, and applies the governance principles contained in King III
The above, together with our Code of Ethics, our Worldwide Code of Conduct and related policies ensure our commitment to sustainable development is entrenched throughout our group and enhance our long-term value creation capability for all our stakeholders.
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