Legitimacy
Our commitment to acting with uncompromising honesty and integrity begins with our leaders, who set the correct tone from the top. During the year, we adopted a group code of ethical conduct which will act as an overarching reference and serve to align the various codes of ethics across the group.
We are committed to accelerating our transformation programme over the next three years to support the creation of an equitable and sustainable South Africa. Black strategic partnerships are underway in Imperial Logistics South Africa and in a fleet management business in Motus. To comply with the amended BBBEE Act, we will report a full BBBEE scorecard from October 2017, which will be assured by an independent verification agency and made available on the Imperial website.
We manage our environmental impact by driving the efficient use of resources, ensuring optimal waste management and finding ways to reduce costs. More than 25% of our operational cost is spent on energy with a large portion being the fuel cost incurred by our logistics businesses. Imperial Logistics accounted for 90% (2016: 91%) of our total fuel consumption for the year and our Scope 1 emissions made up 80% (2016: 80%) of our total Scope 1 and Scope 2 carbon footprint.
Our community initiatives deepen our relationships with our stakeholders by addressing the socioeconomic needs of the communities in which we operate. Our initiatives are more mature in South Africa, our home base, and receive focus in line with their material importance to national priorities.
We adhere to a broad range of regulations across jurisdictions and sectors, including highly regulated sectors such as financial services, pharmaceuticals and food. During the year, we centralised selected specialist functions where compliance risk is high, particularly in the areas of insurance and contracts, and we rolled out a cyber awareness programme.