Material Pillars - Responsibility towards a prosperous society
Sanlam Sustainability Report 2011
Responsibility towards a prosperous society
Highlights
- Sustained strong economic performance, underpinning our direct and indirect investments in socio-economic development
- Our diverse channels of communication and product offerings have facilitated greater numbers of low income earners to access financial services and become better informed to make sound financial decisions
- Launched the Sanlam Foundation in September 2011, to facilitate more focused and coordinated CSI efforts linked to Sanlam's core business, and to achieve more sustainable socio-economic benefits
Challenges
- Ensuring continuing alignment of CSI efforts across the business as part of a coordinated strategy
This section briefly reviews how we contribute to promoting a prosperous society. Our most significant contribution comes from our core business: by operating profitably and efficiently, we contribute to job creation, generate taxes, and invest in procurement throughout our supply chain. The nature and extent of this contribution to our various stakeholders is summarised in our value added statement. This contribution is further enhanced by our activities aimed at promoting broader access to our financial services, and by assisting our existing and potential clients to make more-informed financial decisions. Our CSI and sponsorship activities, which have been aligned with our core strategy, provide a significant additional contribution, and are pivotal in maintaining and building our reputation as a trusted and committed contributor to development in the communities in which we operate.
