Sustainability reporting is the practice of measuring, disclosing and accounting to internal and external stakeholders regarding organisational performance towards the goal of sustainable development. The information about Vunani’s sustainable business practices for has not been assured.

Financial capital

Financial sustainability is critical to business sustainability and we focus on group and segment profitability, cash generation, having sufficient capital and efficient deployment thereof and monitoring the share price and market capitalisation.

  • Ongoing monitoring of financial performance of the group, with bi- annual reporting to shareholders
  • Regular interaction with various levels of stakeholders
  • Projection of capital utilisation monitored by business segments
  • Use of forecasts, budgets and cash projections to monitor and manage liquidity

Human capital

Our people are the cornerstone of our business and to ensure sustainability we focus on training and development, employee incentives and health and safety.

  • Financial assistance and paid study leave
  • Support of staff through learnership programmes
  • Vunani training academy
  • Short and long term incentive programmes
  • Graduate recruitment programme

Social and relationship capital

Maintaining strong stakeholder relations and delivering social value – being a good corporate citizen.

  • Regular interaction with all stakeholders
  • Promotion of B-BBEE
  • Promoting economic growth through enterprise and supplier development
  • Providing financial support to various education initiatives

Intellectual capital

As primarily a services company protecting our intellectual capital and institutional memory is paramount as is ensuring brand and reputation management.

  • Safeguarding the group’s intellectual property through the implementation of appropriate controls
  • Aligning employee and company interests
  • Appointment of a public relations and investor relations manager
  • Regular review of the brand to ensure it relates to our stakeholders

Manufactured capital

Ensuring a sustainable information technology infrastructure, which includes physical hardware, off site services, internally developed and purchased systems is critical.

  • Formulation of appropriate processes to ensure ongoing availability of all information technology platforms

Natural capital

Ensuring environmental sustainability includes using natural resources in a conservative manner and using technology, where possible, as an alternative.

  • Awareness created amongst staff of prudent consumption of water, electricity and paper
  • Recycling facilities (including e-waste)
  • Use of rain water tanks at buildings

Sustainability reporting is the practice of measuring, disclosing and accounting to internal and external stakeholders regarding organisational performance towards the goal of sustainable development. The information set out below on Vunani’s sustainable business practices has not been assured.

Focus areas

Sustainability reporting is the practice of measuring, disclosing and accounting to internal and external stakeholders regarding organisational performance towards the goal of sustainable development. The information in this report sets out Vunani’s sustainable business practices for the year ended 28 February 2018 and has not been assured.

Key stakeholders

The relationship with our key stakeholders is a critical element that contributes to the achievement of our strategic objectives and creating sustainable long-term value for the group and stakeholders alike. These relationships contribute directly and indirectly to the way we do business and our reputation as a financial services group.

Engagement with key stakeholders is facilitated through various levels of interaction that are aimed at providing insight into our strategy, significant business developments, material issues operating business performance and prospects.

The manner in which we engage with our stakeholders, and the frequency with which we do so, varies according to each identified stakeholder group. The groups’ executive and operational management bodies identify stakeholder groups, issues and areas of concern that may impact stakeholders. The most appropriate level of management then assumes responsibility for engagement, identification of further stakeholder concerns and determining the most appropriate action to be followed to address these concerns. The group chief executive officer oversees all stakeholder engagement and plays a key role in analysing relevant issues and concerns and providing guidance on appropriate responses.

  • Shareholders
  • Investor community
  • Lenders/ Banking institutions
  • Employees
  • Clients
  • Shareholders
  • Government
  • Regulatory bodies and authorities
Corporate Social Investment

www.fairheads.com/social-responsibility

www.vunanifm.co.za/corporate-responsibility