Climate Change Data

Adcorp Holdings Limited

Climate Impact & Sustainability Data (2015-03-01 to 2016-02-29)

Reporting Period: 2015-03-01 to 2016-02-29

Environmental Metrics

Total Energy Consumption:4,463,760 kWh
Water Consumption:30,566 kL

ESG Focus Areas

  • Sustainability
  • Transformation
  • Corporate Social Investment
  • Environmental Responsibility
  • Broad-Based Black Economic Empowerment (BBBEE)

Environmental Achievements

  • Reduced fuel consumption
  • Carbon-neutral initiatives for printing
  • Partnership with office automation supplier for carbon offsetting

Social Achievements

  • Maintained BBBEE level 2 rating
  • Increased value distributed to both temporary and permanent employees
  • Successful integration of Australian business Dare
  • Various socio-economic development initiatives
  • Bursary scheme for disadvantaged children
  • Life College social enterprise partnership

Governance Achievements

  • Strong independent non-executive directors
  • Stricter criteria for short- and long-term executive incentives
  • External evaluation of the board and its committees
  • Independent ethics tip-off line
  • Compliance with King III principles
  • AAA rating from IoDSA Governance Assessment Instrument

Climate Goals & Targets

Long-term Goals:
  • Become a global workforce management solutions company of consequence focused on Africa, the Middle East, and the Asia-Pacific region
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Impact of changes to South African labour laws
  • Ambiguity in interpretation of new labour laws
  • Negative impact on sales volumes in South Africa
  • Extensive legal challenges
  • Stagnant economic conditions
  • Slow employment growth
  • Downturn in commodity cycle
  • Challenging cash collections environment
  • Volatile Rand reporting currency
  • Decline in Adcorp share price
Mitigation Strategies
  • Implementation of 'ProgrammeOne' to offset lost margins
  • Leading role in pursuing legal clarity on new labour laws
  • Extensive efforts to educate clients on new laws
  • Successful defense of legal challenges
  • International diversification strategy
  • Customer-centric sales approach
  • MSP and RPO offerings
  • Successful acquisition of Dare (Australia)
  • Raising off-shore debt to fund Dare acquisition
  • Progress in raising international funding for growth
  • Successful integration of Kelly Group

Supply Chain Management

Responsible Procurement
  • Procuring from local sources wherever possible

Climate-Related Risks & Opportunities

Opportunities
  • Innovative product development, particularly relating to technology offerings

Reporting Standards

Frameworks Used: International Integrated Reporting Committee (IIRC) Framework, King III, JSE Limited Listings Requirements, GRI Guidelines, AA1000AS (2008)

Certifications: ISO 9001 (Dare, LSA, Paxus, Staff U Need)

Third-party Assurance: Gilden Assurance Proprietary Limited

Sustainable Products & Innovation

  • Technology-enabled services and solutions

Awards & Recognition

  • Best reporting and communications award (Investment Analysts Society)
  • Customer Focus Award (National Business Award 2015)
  • PMR Diamond Arrow Award (2015)