The inclusion of “Sustainability” as a fifth value in the Barloworld Worldwide Code of Conduct underscores the group’s commitment to sustainable development.
Barloworld recognises that stakeholder interests are best served through an integrated and coordinated value creation approach addressing economic, environmental and social aspects.
Our shared value approach entrenches long-term value creation, highlights the interdependent nature of stakeholder interests and requires an integrated approach to management and reporting.
In order to achieve our Vision 2020 we have identified six strategic focus areas (SFAs). These are consistent throughout the group and to each of our divisions and business units. They represent the aspects that we will focus on in order to deliver shared value for all our stakeholders. Specific 2020 targets have been identified for each SFA against which progress will be measured and reported.
Ongoing stakeholder engagement enables us to identify and understand stakeholder value, distils material issues for the group and directs focus.
Areas requiring management attention as well as strategic opportunities are highlighted through robust strategic planning and risk identification processes. These processes are entrenched at divisional and group levels within the organisation.
Barloworld understands that our people are the foundation of our success and that our continued success rests on our ability to attract, develop and retain globally competitive people. The group is committed to a diverse and inclusive workforce and believes that its profile should represent the demographics of the societies in which it operates.
Climate change and environmental considerations are central components of the group’s ethos of responsible and respected 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 environmental impact minimisation objectives.
Also central to its’ respected 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 respected corporate citizenship, we are a signatory of the Energy Efficiency Accord with the Department of 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 2015 Communication on Progress, and we have responded to the 2015 CDP Climate Change Disclosure and 2015 CDP Water Disclosure.
- The Dow Jones Sustainability Emerging Markets Index
- FTSE/JSE Responsible Investment Index
The group is committed to transparent integrated reporting and in addition to its printed 2015 Integrated Report, it has comprehensively responded to the GRI G3.1 guidelines achieving an externally assured A+ Application Level. We will align our responses to the GRI G4 reporting framework in the next reporting period but we have in the interim referenced relevant G3.1 responses to the G4 where appropriate.
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, 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.
- Shared Value approach
- Stakeholder engagement
- Barloworld climate change policy
- Barloworld environmental policy
- Barloworld water use and management policy
- Barloworld energy efficiency policy
- UNGC COP 2015
- Barloworld’s 2015 CDP climate change disclosure
- Barloworld’s 2015 CDP water disclosure
- Code of ethics
- Barloworld Strategy
- Sustainable development
- Chief executive’s sustainable development message
- Global Reporting Initiative (GRI G3.1) content index
- Barloworld 2015 Integrated report
- Sustainability video
- Barloworld 10 Pillars of Sustainability
- Barloworld Worldwide Code Of Conduct – Sustainability
- 2015 progress review
- Aspirational group-level 2020 targets
- Barloworld six strategic focus areas (SFAs)