Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Youth Unemployment in South Africa
• Data Privacy
• Cybersecurity
• Broad-Based Black Economic Empowerment (BBBEE) in South Africa
• UN Sustainable Development Goals (SDGs)

Environmental Achievements

• Takealot introduced 100% recyclable packaging for deliveries, including paper voids instead of plastic, and updated its transport fleet to more energy-efficient vehicles. eMAG built a new warehouse with energy-efficient LED lighting and is considering solar panels.

Social Achievements

• Launched Naspers Foundry, allocating R1.4bn to invest in South African startups over three years. Launched Naspers Labs, a social impact initiative to address youth unemployment in South Africa. Increased Phuthuma Nathi shareholders' indirect interest in MultiChoice South Africa from 20% to 25%. Invested in employee training (US$10m) and provided access to MyAcademy online learning platform (>25,000 employees accessed content).

Governance Achievements

• Successfully unbundled MultiChoice Group and listed it on the JSE. Announced intention to list international internet assets on Euronext Amsterdam. Implemented a groupwide data-privacy governance policy. Established a legal compliance program. Continued application of King IV corporate governance principles.

Climate Goals & Targets

Environmental Challenges

• Youth unemployment in South Africa.
• Global shortage of digital talent.
• Holding company discount.
• Data privacy and cybersecurity risks.
• Reputational risks related to ethical and sustainable business practices.
• Regulatory changes impacting internet businesses.

Mitigation Strategies

• Naspers Labs and Naspers Foundry initiatives to address youth unemployment.
• Investing in HR support, recruitment, retention, and learning and development (MyAcademy).
• Exploring and acting on measures to reduce the holding company discount (unbundling MultiChoice Group, listing on Euronext Amsterdam).
• Groupwide data-privacy governance policy and program.
• Legal compliance framework, including anti-bribery and anti-corruption policies.
• Emphasis on ethical and responsible behavior, promoting a culture of integrated thinking.

Supply Chain Management

Responsible Procurement

• Prioritizing local businesses (Movile).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Integrated Reporting Council (IIRC) Framework, King IV Report on Corporate Governance™

Third-party Assurance: PricewaterhouseCoopers Inc. (PwC)

UN Sustainable Development Goals

• SDG 5 (Gender equality)
• SDG 8 (Decent work and economic growth)

Naspers initiatives such as Naspers Labs and Naspers Foundry contribute to these goals.

Sustainable Products & Innovation

• Takealot's recyclable packaging

Awards & Recognition

• Various awards won by Media24 businesses

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Resource Use (Packaging, Water, Waste)
• Circular Economy
• Supplier Engagement

Environmental Achievements

• Replaced all internal combustion engine vehicles in corporate fleet with electric vehicles.
• Procured equivalent renewable-energy certificates for remaining energy consumption in FY23.
• Engaged with leasing agency to install on-site solar panels (impact in FY24).
• 30% reduction target in corporate air travel emissions by FY30 (base year FY20).

Social Achievements

• Supplier code of conduct implemented to screen suppliers for ESG compliance, human rights, and environmental performance.
• iFood's 'Amigos da Natureza' initiative motivated 90% of restaurant partners to reduce single-use plastic.

Governance Achievements

• Group CEO and group CFO's short-term incentives embedded with targets to reduce scope 1 and 2 emissions to zero.

Climate Goals & Targets

Environmental Challenges

• Difficulty in obtaining precise GHG emissions data from suppliers; most provided emissions intensity per revenue.
• Significant increase in scope 2 emissions in FY23 due to a move to a larger office facility.
• Dynamic composition of investment portfolio impacting emissions reporting boundaries.
• Varying ESG maturity and performance across diverse investment portfolio.

Mitigation Strategies

• Supplier engagement pilot to collect primary emissions data.
• Phased implementation of ESG standards in supplier contracts.
• Continued efforts to improve scope 3 measurements and disclosures.
• Engagement with portfolio companies to improve GHG emissions reporting.

Supply Chain Management

Supplier Audits: More than 95% of procurement activities screened for ESG compliance using a third-party tool.

Responsible Procurement

• Supplier code of conduct defining climate accounting and action as expectations.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol Corporate Accounting and Reporting Standard, PCAF (Partnership for Carbon Accounting Financials)

Certifications: BREEAM (Amsterdam office)

Third-party Assurance: Limited assurance for scope 1 and 2 emissions of Naspers group (FY20-FY23)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Resource Use and Circular Economy
• Pollution
• Water

Environmental Achievements

• Achieved 100% renewable electricity at Amsterdam and London offices by FY23
• Removed all company cars or switched them to electric vehicles during FY23
• Established framework for Distributed Renewable Energy Certificates (D-RECs) in FY23
• Committed to purchasing 95Mt of SAF credits for five consecutive years starting 2027

Social Achievements

• Not disclosed

Governance Achievements

• Embedded sustainability targets in annual business planning process
• Senior executives have environmental sustainability KPIs as part of their remuneration scorecard

Climate Goals & Targets

Environmental Challenges

• Climate-related physical risks (floods, precipitation, temperature, fire, heat, drought) impacting Food Delivery and Etail companies
• Transition risks related to policy, legal, technology, and market changes
• Reputational risks related to the environmental impact of Food Delivery and Etail segments

Mitigation Strategies

• Developed a climate transition plan with science-based targets
• Engaging with portfolio companies to develop science-based emission reduction targets
• Investing in tools and research to understand climate-related risks and impacts
• Implementing strategies to increase the use of zero-emission vehicles
• Investing in research to understand how the impact of online shopping can be reduced

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier code of conduct requiring alignment on human rights and environmental matters

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Precipitation
• Temperature
• Fire
• Heat
• Drought

Transition Risks

• Policy changes
• Legal action
• Market shifts
• Technological changes
• Reputational risks

Opportunities

• Building a circular economy
• Core business models contributing to low-carbon economy
• Investing in low-carbon ventures
• Greening transport and delivery
• Increasing benefits of decarbonisation strategies

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), GHG Protocol, TCFD, European Sustainability Reporting Standards (ESRS)

Certifications: BREEAM

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 11
• SDG 12
• SDG 13

Inspired by UN SDGs, contributing to principles 11, 12, and 13

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: PricewaterhouseCoopers Inc.

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Governance
• Responsible Investment

Environmental Achievements

• Achieved carbon neutrality for corporate and majority-owned investments in FY22 through carbon credit purchases.
• Onboarded all subsidiaries onto a carbon data management tool.

Social Achievements

• Engaged and trained sustainability champions across controlled portfolio companies.
• Launched Sustainability Accelerator Network for portfolio companies to share best practices.

Governance Achievements

• Integrated climate action targets into CEO and CFO KPIs (5% of performance incentives).
• Board received training on environmental program management, GHG accounting, and science-based targets.
• Established a robust governance structure with board oversight, risk committee, and SES committee involvement.

Climate Goals & Targets

Environmental Challenges

• Portfolio companies operating in high-growth markets vulnerable to climate change impacts.
• Varying levels of GHG footprint insight and emission reduction focus among portfolio companies.
• Potential for increased costs due to carbon pricing or regulations.
• Addressing packaging waste in food delivery and retail businesses.

Mitigation Strategies

• Developing a climate transition plan with science-based targets.
• Engaging portfolio companies to adopt net-zero pathways and set their own science-based targets.
• Investing in renewable energy, electrification of company cars, and sustainable aviation fuel credits.
• Implementing technology solutions to reduce single-use packaging and promote sustainable packaging.

Supply Chain Management

Responsible Procurement

• Engaging suppliers to reduce emissions; partnering with cloud service providers with robust environmental management strategies.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting operations in high-growth markets (India, Brazil, South Africa).

Transition Risks

• Carbon pricing, disclosure regulations, changing investor expectations.

Opportunities

• Green transport, circular economy, operational efficiency improvements, digitization of traditional sectors.

Reporting Standards

Frameworks Used: GHG Protocol, Science Based Targets initiative (SBTi)

Third-party Assurance: Limited assurance audit by PwC South Africa; Readiness review by EY

Environmental Metrics

ESG Focus Areas

• Environmental footprint of hardware infrastructure
• Data privacy, advertising standards and freedom of expression
• Data security
• Employee recruitment, inclusion and performance
• Intellectual property, protection and competitive behaviour
• Greenhouse gas emissions
• Labour practices

Environmental Achievements

• Set a target for 100% absolute reduction of scope 1 and 2 emissions (direct operational) by FY28 from a FY20 base year. Implemented three core actions for scope 2 reductions: (1) on-site solar panels; (2) procured green energy; and (3) procured equivalent renewable-energy certificates (RECs).

Social Achievements

• Maintained 82% participation rate and 71% engagement score in employee engagement survey (March 2024).
• Provided training and education to all employees on zero tolerance approach to harassment.

Governance Achievements

• Naspers board reviews and reaffirms data privacy governance policy annually.
• No monetary losses incurred as a result of legal proceedings associated with anti-competitive behaviour in FY24.

Climate Goals & Targets

Environmental Challenges

• Water use in operations does not create a high impact; minimal reliance on physical assets and infrastructure.
• No direct control over water consumption in data centers and cloud services.
• Diverse business models and jurisdictions lead to varying scales of law enforcement requests for user information.

Mitigation Strategies

• Engaging with data center vendors on responsible water management.
• Partnering with mature vendors with robust environmental management strategies for cloud services.
• Monitoring and reporting on engagement of data centers and cloud services vendors regarding water management and other environmental performance in FY25.
• Implementing strong cybersecurity and enhancing platform resilience.

Supply Chain Management

Responsible Procurement

• Partnering with mature cloud service vendors with robust environmental management strategies.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Certifications: ISO 27001 (certain operating companies and part of corporate)