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Materiality
We also followed a stepped approach in identifying key stakeholders and the issues relevant to them, identifying issues reported in the media relative to Imperial and the industries in which it operates and identifying key matters relating to Imperial’s financial and non-financial performance during the year.
Reporting
We believe this report represents a balanced and reasonable picture of our organisation’s economic, environmental and social performance, covering all material topics and indicators.
Sustainability
According to the GRI 3.1 framework, we have elected to rate our sustainability report at level C as we include a number of performance indicators with at least one from each section and a number of management disclosures on these indicators.
We have implemented a system to record non-financial data to improve the accuracy of this data. The internal audit department has now incorporated processes to check the controls and accuracy of the data captured and reported on.
King III
The group has applied all material recommendations of the King Report on Corporate Governance (King III) and the board continually assesses the group’s practices against the recommendations in King III and will implement improvements on an ongoing basis which includes third-party assurance of sustainability data.
The group has documented its assessment of the 75 King III principles in a register which is available on the group’s website at www.imperial.co.za.
Industry bodies
Group companies are members of a number of industry-specific bodies and general associations, through which they are engaged in dialogue on industry and business-related issues. In many instances businesses within the group leverage these associations to inform and influence debate and public policy. The associations and memberships include, but are not limited to, the following:
| – | National Business Initiative (NBI) |
| – | Business Against Crime |
| – | The Southern African Vehicle Rental and Leasing Association (SAVRALA) |
| – | Life Offices AssociationSouth African Intermediaries Association (LOA) |
| – | South African Intermediaries Association |
| – | National Automobile Dealers Association (NAAMSA) |
| – | The Road Freight Association (RFA) |
| – | National Business Foundation (NBF) |
| – | Retail Motor Industry Organisation (RMI) |
| – | Tourism Business Council of South Africa (TBCSA) |
| – | South African Tourism Services Association (SATSA) |
| – | South African Bus Operators Association (SABOA) |
| – | South African Motor Body Repairers Association (SAMBRA) |
| – | Franchise Association of South Africa (FASA) |
| – | Business Unity South Africa (BUSA) |
| – | Chartered Institute of Management Accountants (CIMA) |
| – | The Chartered Institute of Logistics and Transport |
| – | Supply Chain Council |
| – | South African Institute for Industrial Engineering |
| – | NEPAD Business Foundation |
| – | Council for Scientific and Industrial Research (CSIR) |
| – | Council of Supply Chain Management Professionals (CSCMP) |
| – | Maputo Corridor Logistics Initiative (MCLI) |
| – | Rail Road Association of South Africa |
| – | Steel and Engineering Industries Federation of South Africa (SEIFSA) |
| – | South African Alternative Energy Association |
| – | Consumer Goods Council of South Africa |
| – | Ethics Institute of South Africa |
| – | Engineering Council of South Africa (ECSA) |
| – | The Association of Operations Management in South Africa (SAPICS) |
| – | Chartered Institute of Purchasing & Supply Chain (CIPS) |
| – | South African Shipping Council |
| – | South African Insurance Association (SAIA) |
| – | Association for Savings and Investment South Africa (ASISA) |
