CATEGORY

Group CSR Strategy South Africa

Group CSR Strategy means Sustainable practices followed both internally - within the organization addressing the environmental, social and governance related issues. and Externally - Creating the Sustainable programs to integrate a organization’s social and environmental responsibility with the supply chain partners

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    Group CSR Strategy South Africa Suppliers


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    American Express Company
    Location
    Jackson, Mississipi
    Duns number
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    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    42

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    85
    Social
    31
    Governance
    48
    6 Domains Performance (/100)
    Business behaviour
    39
    Human rights
    47
    Community Environment
    26
    Corporate governance
    54
    Human resources
    21
    Security Scorecard
    90

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    97
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    86
    Application Security
    Detecting common website application vulnerbilities
    B
    86
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    98
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    amexglobalbusinesstravel.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    12
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    14
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    26
    Fraud Issues
    3
    Labor Health Safety Flags
    3
    Regulatory Issues
    22
    Workforce Disputes
    0
    Sanctions
    1
    esg energy transition
    86
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    No

    Group CSR Strategy South Africa market report transcript


    Regional Market Group CSR Strategy in South Africa

    The telecom sector is only a minor contributor to CSI in South Africa. 

    BBEEE Regulation Specific to Telecommunication Sector

    Amended BBEEE Information and Communication Technology (ICT) Sector Code – November 2016:

    • One of the key features of the Charter is to set a target of 5% of Net Profit After Tax (NPAT) on enterprise and supplier development
    • The code aims to develop and grow black-owned ICT Enterprises.

    Mandatory Legislative Requirements for Listed Companies

    • Must have a Social and Ethics Committee, which oversees CSR
    • To report in their integrated report on what was done with the CSI, on whom and where it was spent, what is the impact of that spend and the same has to be reported to all the companies stakeholders
    • The impact and return on investment achieved for the companies shareholders and how this contributes toward formation of capital particularly social capital

    The CSR environment in South Africa is legislated, and the sector is vibrant, due to minimum contribution toward CSR by large multinationals being at around 1% of Net Profit After Tax (NPAT).

    CSR Focus Areas in South Africa

    We took a sample of six companies, two in FBT (Distell & SAB Miller), two in Telecom (Vodacom & MTN), and two in BFSI (Ned Bank & FirstRand) and looked at their CSR focus areas or initiatives. The following are the focus areas identified:

    • Incorporate energy & water-efficient supply chains
    • Partnering with the government and private sector to address water challenges
    • Adopt sustainable agricultural practices and sourcing agricultural produce from sustainable sources
    • Social development initiatives for education and health either directly or by partnering with non-profit organizations
    • Enterprise & supplier development include procuring from black-owned and black women-owned entities and procuring from local suppliers from disadvantaged background

    Future Trends in Group CSR – Global Perspective

    Key future trends in CSR include environmental initiatives, looking at the economic, social, and environmental impact of CSR, impact investments by corporates as a part of CSR, transformative CSR, and the use of technology for CSR.

    Environmental Development

    • Climate change, rehabilitation, restoration, conservation, renewable energy, sustainable agriculture are the key areas within environmental development to be of focus in the next three years

    Triple Bottom-line

    • CSR in the future will include economic impact, social impact, and environmental impact rather than just social impact

    Impact Investment & Sustainable Funding for CSR

    • The idea of CSR is moving from social investment to impact investment. Investment made in companies/organizations/social enterprises by funds/investors to bring about a positive impact on the society or environment, along with a financial impact is a key focus
    • Financial investments in social enterprises where the benefits (new supplier development) can be ploughed back to CSR. E.g., Social/Impact Bonds
    • More financial innovation for impact investing and regulations are expected to emerge globally

    Transformative CSR

    • Businesses will identify the root cause of unsustainability and will try to eradicate this through innovation, changing their process, products, and finally vouch for company and government policies to support this. Companies will produce more ethical and environmentally responsible/conducive products

    Increasing Role of Technology

    • The role of social media platforms to connect the civil society and create awareness, use of crowd funding platforms to fund a CSR project helps corporates leverage the money they have, engage public, and create communities to support projects or local causes

    King IV Report in Relation to CSR

    Integrated reporting and establishing a social and ethics committee are the key regulations for CSR in King IV. Responsible tax policy is also a corporate citizenship consideration in King iv.

    The King IV Report on Corporate Governance for South Africa was introduced in November 1, 2016 and the disclosures required are in effect from the financial year beginning April 2017. King IV replaces the earlier King III regulation.

    Integrated Reporting

    • An integrated report could be a part of financial statements or other reports made in compliance with legal requirements or a standalone report
    • The report addresses at a high level and in a complete precise manner provides all information that affects the organization's ability to create value

    SociaL & Ethics Committee

    • Describes the role of the social and ethics committee as oversight and reporting of organization ethics, corporate citizenship, sustainable development and stakeholder relationship
    • The role of the committee goes beyond compliance in creating value
    • Majority of the members should be non-executive members to bring about independent judgement
    • Organizations that are not legally required to establish a social and ethics committee should consider creating a structure that would achieve the aims of such a committee

    Committee Disclosures

    • The committee's overall role, responsibilities, and functions
    • Composition of the committee including each member's qualification and experience
    • Any external advisors or invitees who regularly attend committee meetings
    • Key areas of focus in the current reporting period and in the future
    • Number of meetings held during the reporting period and attendance of those meetings
    • Whether the committee is satisfied that it has fulfilled its responsibilities referred to in the reporting period

    Csr Related Disclosures

    • Arrangements made to govern and manage responsible corporate citizenship
    • Key areas of focus in the current reporting period and in the future
    • How corporate citizenship was monitored and how the outcomes are addressed

    Responsible Tax Policy

    • The tax policy should be compliant with applicable laws, transparent, in alignment with corporate citizenship that accounts for impact on reputation