Climate Change Data

Premier Group Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:274,166 tCO2e/year
Scope 1 Emissions:86,853 tCO2e/year
Scope 2 Emissions:187,313 tCO2e/year
Renewable Energy Share:0.2%
Total Energy Consumption:180,422 MWh/year
Water Consumption:1,240 Ml/year
Waste Generated:4,579 tons/year

ESG Focus Areas

  • Environmental sustainability and climate change
  • Food and product safety
  • Community upliftment
  • Employee wellbeing and development
  • Responsible sourcing

Environmental Achievements

  • Produced 299 MWh of renewable energy through solar installations at sites
  • Reduction in plastic waste through packaging modifications
  • Saved 16,000 trees by reducing waste to landfill
  • 8 million m3 landfill space saved
  • 1,153 tonnes of carbon emissions saved through the introduction of cleaner energy

Social Achievements

  • Product donations of R67 million to alleviate hunger, disaster relief nutrition and improving menstrual hygiene
  • c.50 million meals donated
  • 345,000 pad donations kept >17,000 girls at school during the year
  • Enterprise Supplier Development Programme created >80 jobs through our bakery distribution initiative
  • Level 4 B-BBEE rating achieved in July 2023

Governance Achievements

  • Successful IPO and listing on the JSE
  • Improved Board diversity
  • Implementation of a malus and clawback policy

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve net-zero emissions
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • High inflation and interest rates
  • Loadshedding (power outages)
  • Social instability
  • Commodity price volatility
  • Climate change impacts (flooding, droughts)
  • Crime and social unrest
  • Talent scarcity
  • Compliance with environmental regulations
Mitigation Strategies
  • Proactive price increases
  • Investment in backup utilities and infrastructure
  • Debt refinancing
  • Investment in new facilities and capacity
  • Synergy extraction from acquisitions
  • Improved sales and merchandising structures
  • Sustainable sourcing strategies
  • Risk management strategies
  • Health and safety initiatives
  • ESG strategy implementation
  • Stakeholder engagement
  • Compliance programs

Supply Chain Management

Responsible Procurement
  • Centralised procurement initiatives
  • Currency hedging strategies
  • Negotiations with suppliers for cost reduction
  • Sustainable sourcing of palm oil and cocoa

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (flooding, droughts)
Transition Risks
  • Regulatory changes
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: IFRS, King IV, JSE Limited Listings Requirements, Companies Act, No. 71 of 2008

Certifications: FSSC 22000, ISO 9001, ISO 14001 (aiming for), ISO 45001 (aiming for)

Third-party Assurance: PricewaterhouseCoopers Inc. (PwC)

UN Sustainable Development Goals

  • Goal 4 (Quality Education)
  • Goal 5 (Gender Equality)
  • Goal 2 (Zero Hunger)
  • Goal 6 (Clean Water and Sanitation)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Premier's initiatives contribute to these goals through various programs related to education, gender equality, food security, water conservation, renewable energy, waste reduction, and climate change mitigation.

Sustainable Products & Innovation

  • Reusable tampon applicator and cup
  • Dove eco-earbuds
  • Maternity and incontinence pads
  • Gluten-free bread

Awards & Recognition

  • Top Gender Empowered Company in the Food Producers sector (Standard Bank)