Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Solar power generated within the group increased by 29% this year. Australia, Belgium and the Netherlands generated 77% of the group’s total. New installations this year were completed in New Zealand, Australia, and the Netherlands.

Social Achievements

• The group monitors the group’s initiatives to promote diversity and advance the objectives of non-discrimination.
• Group-wide health and safety awareness programmes are ongoing, focussed on the reinforcement of all internal safety policies, training programmes, and additional warning mechanisms to ensure the highest standards of safety are in place for our staff.

Governance Achievements

• The directors confirm that during the 2021 reporting period the group has in all material respects voluntarily applied the King Code of Governance Principles (King IV) and complied with the mandatory corporate governance provisions in the JSE Listings Requirements.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on global operations
• Significant and sophisticated fraud uncovered in the Miumi division of Angliss Greater China
• South Africa was impacted by civil unrest (looting) in KwaZulu-Natal and Gauteng.

Mitigation Strategies

• The board convened meetings on Zoom, group executives shared best practice responses to address government restrictions, empowered local management teams to respond, group finance team prioritized daily engagement with all group businesses to monitor and assist in cash management, implemented remediation plans to prevent future recurrence of fraud.

Supply Chain Management

Responsible Procurement

• The Code is published on the group website and incorporated by reference in supplier and employee contracts.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: King IV, GRI

Environmental Metrics

ESG Focus Areas

• Climate change
• Gender diversity
• Fraud risk mitigation
• Ethical culture
• Sustainability
• Health and safety
• Food safety
• Stakeholder engagement
• Modern slavery
• Human rights
• Corporate social responsibility

Environmental Achievements

• 25% emissions reduction target by 2025
• Initiatives to reduce carbon emissions through energy-efficient operations
• Responsible waste management through recycling and reuse
• Water conservation initiatives

Social Achievements

• Food donation projects
• Corporate social responsibility initiatives with positive local impact
• Commitment to creating a diverse and inclusive workplace
• Health, safety, and wellness programs for employees
• Flexible working arrangements

Governance Achievements

• Annual review of Bidcorp’s Code of Ethics
• Zero-tolerance approach to fraud, bribery, money laundering, and corruption
• Malus and claw-back policy
• Annual related-party declarations
• Independent whistleblowing facility
• Improved financial controls and fraud risk mitigation efforts
• Annual board evaluations
• Adoption of new sustainability and data privacy policies

Climate Goals & Targets

Environmental Challenges

• Miumi fraud investigation and strengthening internal controls
• Climate change risks
• COVID-19 pandemic impact on global operations
• Supply chain disruptions
• Data privacy compliance across diverse jurisdictions
• Cybersecurity risks
• Two fatal road accidents in Europe

Mitigation Strategies

• Internal and external forensic investigations into Miumi fraud
• Reporting to local authorities
• Focus on fraud risk mitigation efforts
• Group-wide financial controls assessment
• Strengthening internal controls in Angliss Greater China
• Additional internal audit resources in Hong Kong and China
• Reinforced guidance on related party transactions
• Enhanced oversight and controls in China
• Review of delegated authority levels
• Increased monitoring over inter-company funds flows
• Extended functionality of central consolidation platform
• Remote audits of financial controls
• Adoption of new data privacy policy
• Enhanced systems and processes to mitigate cyber risk
• IT peer review against board-approved cybersecurity minimum standards
• Staff training to enhance cybersecurity awareness
• Group-wide health and safety awareness programs

Supply Chain Management

Responsible Procurement

• Zero-tolerance approach to modern slavery
• Commitment to fair labour practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: King IV, GRI, SASB, TCFD

Third-party Assurance: PricewaterhouseCoopers Inc. (PwC)

Environmental Metrics

ESG Focus Areas

• Health and safety
• Fair labor practices
• Ethics and code of conduct compliance
• Stakeholder relations
• Corporate citizenship
• Climate change
• Sustainability reporting
• B-BBEE reporting (South Africa)

Environmental Achievements

• Integral to investments is the deployment of new technologies for renewable energy, refrigeration, energy efficiency, and logistics optimisation in an environmentally and cost-efficient way.
• Sustainability programmes across the group are progressing well.
• Plans are underway for material contributors in the group to obtain limited assurance over their scope 1 and scope 2 emissions data.

Social Achievements

• Food safety remains a top priority.
• No serious incidents of food contamination experienced during the year.
• All businesses confirmed that they have complied with occupational health and safety requirements applicable to their operations.
• Bidcorp’s commitment to an ethical environment is demonstrated by the globally accessible, independently administered Bidcorp whistleblowing facility.
• The committee monitors the group’s initiatives to promote diversity and advance the objectives of non-discrimination.

Governance Achievements

• The group operates in an established control environment, which is documented and regularly reviewed.
• The audit and risk committee plays an integral role in risk management.
• The committee confirms the following statutory and delegated duties were adequately addressed.

Climate Goals & Targets

Environmental Challenges

• Fraud uncovered in the Miumi division of our Angliss Greater China business in June 2021.
• Product contamination and recall during the period.
• Mandatory reporting requirements in the UK for large private companies as well as anticipated reporting requirements in Europe and Australia.
• Climate change risks.

Mitigation Strategies

• Criminal and civil proceedings have begun against the perpetrators and other third parties and we remain confident of future recoveries.
• Strengthening the control environment in Angliss Greater China.
• Immediate response initiated through internal policies and procedures, triggering product recalls and subsequent effective communications.
• Ongoing marketing and awareness campaigns are rolled out, ensuring the knowledge of and access to the local whistleblowing facility.
• Group-wide health and safety awareness programmes are ongoing.
• Climate change risks are incorporated into the board strategy and related capex spend is being tracked.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Limited assurance obtained over scope 1 and scope 2 carbon emissions data.
• Investments in renewable energy, refrigeration, energy efficiency, and logistics optimization.

Social Achievements

• Adoption of a group pay parity policy.
• Ongoing group-wide health and safety awareness programs.
• No serious incidents of food contamination.

Governance Achievements

• Annual review and approval of board and committee charters and group policies.
• Independent board and committee evaluations.
• No material governance or control failures.

Climate Goals & Targets

Environmental Challenges

• Maintaining good governance in a decentralized environment.
• Potential vulnerability to statutory and regulatory non-compliance due to geographical diversity and decentralisation.
• Climate change risks.

Mitigation Strategies

• Rigorous integration of governance, assurance, compliance, and risk management frameworks.
• Each local entity identifies applicable requirements and maintains necessary information for compliance.
• Incorporation of climate change risks into board strategy and sustainability programs.

Supply Chain Management

Responsible Procurement

• Code of Ethics incorporated by reference in supplier contracts

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: King IV, GRI