OUR COMMON OBJECTIVES
To sustain profitability by partnering with communities and government in a social contract to achieve economic growth and giving more South Africans access to this growing prosperity.
OUR COMMON GOAL
To ensure that the Group delivers long-term value to all of its stakeholders, increase shareholder wealth, economic transformation and the development and the upliftment of social communities as well as to build long-term stakeholder relationships.
OUR INTEGRATED VALUE CHAIN
The Group looks at innovative ways to sustain its existing businesses by adapting to changing environments as well as through our acquisition and new business development approaches. With our risk management approach and the impact of changing markets, competitors and the economic environment, management is constantly aware of how the Group can improve sustainability through constant change.
OUR INTEGRATED REPORTING MODEL
AEEI’s strategy is the creation of sustainable value for all shareholders and stakeholders. To ensure that the Company remains attractive to investors, we need to optimise shareholder returns. Sustainable value creation goes beyond short-term profitability and we must recognise and manage the broader economic, social and environmental factors. Our approach to addressing these issues is to prioritise those that matter the most to achieve medium- to long-term sustainable businesses.
We have identified strategic enablers in order for us to execute our business model and achieve sustainable value creation.
We can only be a sustainable business if we deliver on our promise. This remains dependent on our business model that is built around our sound governance platform and is embedded in our corporate culture.
DEVELOPMENT OF PEOPLE
Together with financial capital, our people are our single most important resource. It is important that we find the right calibre of people, and keep them motivated in a safe, supportive working environment. The AEEI Group instils a culture of excellence and opportunity for all employees.
In order to remain sustainable as a business, we continually contribute towards and invest in a stable and growing economy. We implement best practices when it comes to responsible investing. Our aim is to invest in businesses that have a sustainable approach to doing business.
AEEI has a very low direct impact on the environment, but we are affected by the environment in which we operate as well as the impact that climate change in general has on our business. We commit our businesses to a journey of responsible environmental stewardship. We acknowledge that a stable economy and a sustainable business require a sustainable environment. Our Food and Fishing division works closely with the relevant authorities to safeguard the various fish species and pays careful attention to the environmental impact of its operations.
OUR KEY STAKEHOLDER ENGAGEMENT AND RELATIONS
AEEI places great value on the high standards of ethics, communication, transparency of information in terms of the Promotion of Access to Information Act, 2000 (No. 2 of 2000), regulatory and other directives relating to the dissemination of information. The Company has identified stakeholder groups with whom it engages in a structured manner. Refer to value added statement for full details.
A measure of the value created by the Group is the amount of value added by its diverse activities to the cost of raw materials, products and services purchased. Refer to value added statement for full details.
OUR MATERIAL ISSUES
The AEEI Group focuses its reporting on sustainable development and those directly affecting the Group’s ability to create value as well as reflecting on the Group’s impacts and expectations of its shareholders.
AEEI’s material issues are those challenges and opportunities that have the most potential to significantly affect the Group’s long-term sustainability or impact our stakeholders. AEEI’s material issues were identified in terms of relevance from the risk assessment process.
Through a formal process by each Board committee including executives in the Group, material issues were identified in terms of relevance. These material issues were approved by the AEEI Board.
The following material issues were identified:
For more information refer to the sustainability report.