Our material issues are the priorities and concerns most important to the leadership of Imperial Holdings Limited and its operating divisions, Imperial Logistics and Motus. By successfully addressing these material issues, we will create value for our stakeholders. Our sustainable development priorities support the management of the material issues and given the diverse nature of our business activities and geographies, our priorities and the strategies implemented to manage them are identified at divisional level.
This section of our report maps the sustainable development priorities pertaining to Imperial Logistics and Motus to our material issues, provides readers with an overview of our 2017 performance at a group level and includes a report from the chairman of the social, ethics and sustainability committee.
EXTRACT FROM THE CHAIRMAN OF THE SOCIAL, ETHICS AND SUSTAINABILITY COMMITTEE'S REPORT
“We are living in a time of increasing concern about the poor ethical climate in South Africa and elsewhere in the world. In this context we understand that we have the responsibility as a corporate citizen and as the social, ethics and sustainability committee to put in extra effort to guard against unethical breaches. We operate within a strong ethics framework, enforce our zero tolerance stance by decisively dealing with corruption and collusion, and continuously reinforce how we expect our employees to behave. Our goal is to ensure that we leave no room for corrupt and unethical conduct within our commercial and social activities.
Imperial remains deeply committed to strengthening its legitimacy among all its stakeholders and will continue to focus on maintaining high governance standards through appropriate governance structures, ensuring ethical leadership, prioritising its local relevance in all operations and responding to critical social and environmental concerns.”
Authority and accountability for all aspects of sustainable development is held by the social, ethics and sustainability committee, a sub-committee of the board. Responsibility is formally delegated by the board to the CEO, who in turn delegates responsibility to his direct reports and sequentially throughout the organisation. The committee meets quarterly to review and monitor sustainability performance at group and divisional level, and all material sustainability risks are elevated to the risk management committee and the board. Information that may potentially influence strategic decision-making is reported to the divisional operating boards.