Imperial

Our reporting

We define value according to the aspirations associated with our strategy, which are to build a ONE Imperial group able to grow sustainable revenue and achieve targeted returns, by deepening our competitiveness and relevance – and that of our clients – and ensuring that we retain our industry and market legitimacy in all regions of operations.

Our integrated annual report (IAR) to stakeholders, which includes a summary printed report supplemented by full governance, financial and sustainable development reports online, provides a holistic account of the value we create and how we expect to continue doing so.

Scope and boundary

The IAR for the period 1 July 2018 to 30 June 2019 covers our governance, strategy and risk, and our financial, operational and sustainability performance and prospects, in relation to our material issues.

More broadly, the risks, opportunities and outcomes associated with stakeholders, outside of our financial reporting boundary, are dealt with insofar that these relationships materially affect our ability to create value in the short, medium and long term. The IAR discusses our dependence and impact on the six capitals of the <IR> Framework, specifically in Our business model and throughout the report using terms that are true to our strategy and definition of value.

Reporting frameworks and assurance

Our internal and external reporting processes comply with the South African Companies Act 71 of 2008, as amended (Companies Act), the King IV Report on Corporate Governance™* (King IV) and the Listings Requirements of the JSE (share code: IPL). In line with King IV recommendations, our integrated reporting adheres to the principles and requirements of the International Integrated Reporting Council's (IIRC) International <IR> Framework. Our sustainable development reports have been prepared in accordance with the Global Reporting Initiative's (GRI) Sustainability Reporting Standards.

Financial information is extracted from the audited consolidated annual financial statements for the year ended 30 June 2019 (AFS), which is prepared on an IFRS basis, unless otherwise specified. Our external assurance providers, Deloitte & Touche, have issued an unmodified audit opinion on the AFS, available in full online. Selected non-financial information included in this report and in the supplementary reports available online has been assured by Deloitte & Touche, and their Independent limited assurance report is included herein.

Interviews with leadership, members of the board and other internal and external sources of information have been used to prepare our reports. Management reviews all of our reports, particularly the group executive committee, to ensure the integrity of the content. They also provide oversight over the controls applied to the information gathering process.

Materiality determination

Our material issues are the priorities and concerns most important to our leadership and our stakeholders which, if effectively managed, will enable us to achieve our strategic aspirations. The process followed to determine and approve our material issues, together with the key stakeholder concerns and associated management priorities, is set out in Our material issues. The sustainable development priorities that relate to the material issues are discussed in detail in the supplementary reports available online.

Board responsibility and approval statement

The board of Imperial Logistics Limited acknowledges its responsibility to ensure the integrity of the 2019 integrated annual report and related sustainable development disclosures. The group audit and risk committee, together with executive management, is responsible for the preparation and presentation of the integrated annual report and the group social, ethics and sustainability committee is responsible for the preparation and presentation of the sustainability content. They have both reviewed and recommended the reports to the board for approval.

In the board's opinion, after applying its collective mind to the information provided, the reports address all material issues and matters that may impact the group's ability to create value over time, and provide a balanced and appropriate overview of Imperial Logistics' strategy, risks, performance and prospects. The board believes that the reports have been materially prepared in accordance with guidelines of the IIRC's <IR> Framework.

On behalf of the board

Phumzile Langeni	Mohammed Akoojee
Chairman	Group chief executive officer

13 September 2019

Make contact: Feedback, questions or requests from stakeholders can be directed to: Esha Mansingh, investor relations and communications executive at Esha.Mansingh@imperiallogistics.com or Michelle Neilson, group head of strategic communication at Michelle.Neilson@imperiallogistics.com.

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