Developed a Sustainability Management Framework to provide a more structured and co-ordinated approach to sustainability that is more closely aligned to our core business strategy, and that provides for our most material sustainability risks and opportunities across our sphere of influence.
Developing a more co-ordinated stakeholder management strategy and action plan.
Completed a stakeholder mapping exercise that prioritises stakeholders and assigns executive responsibility for managing those relationships.
Conducted our fifth independent assessment of the ethical culture and risks in the Sanlam Group, finding an overall favourable perception of Sanlam's approach to encouraging ethical conduct, with a significant majority of employees expressing their belief in the integrity of the board and the Group CE.
Challenges
Effectively implementing the SMF and ensuring the integration of sustainability throughout the organisation will be an ongoing challenge.
Building awareness around sustainability and its connection to the ability of the Group to create and sustain value in the long term.
Devoting adequate time and resources to managing relationships with priority stakeholders.
Coordinating the effective provision of ethics training to all employees.
