Reunert Limited
Climate Impact & Sustainability Data (2014, 2015-10 to 2016-09, 2017-10-01 to 2018-09-30, 2019-10-01 to 2020-09-30, 2020-10 to 2021-09, 2023)
Reporting Period: 2014
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced Scope 1 and 2 emissions by 7% to 58,936 tonnes of CO2e (largely due to production delays during strikes)
- Two more companies (Reutech Radar Systems and Reutech Solutions) received ISO 14001 accreditation.
- Increased green energy generated to 71,745 kWh
Social Achievements
- Increased investment in skills development by 45% to R38 million
- Maintained or improved BBBEE ratings across all operations
- Implemented a comprehensive outplacement program for Nashua Mobile employees
Governance Achievements
- Updated whistle-blowing policy
- Rolled out online compliance training program to 1,811 employees on anti-corruption, competition law, consumer protection, and data protection
- Implemented a conflict of interest policy and declaration of interests form
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Strike action at CBI-electric resulting in lost work hours
- Restructuring and disposal of Nashua Mobile leading to increased staff turnover
- Isolated instances of non-compliance with travel and entertainment policies and fraudulent expense claims
- Legacy issues related to tenders and contracts awarded before December 2009 leading to a settlement with the Competition Commission
Mitigation Strategies
- Negotiated a three-year wage agreement with the metal workers’ union
- Implemented a comprehensive outplacement program for Nashua Mobile employees
- Disciplinary action taken against those responsible for non-compliance and fraudulent activities, and corrective actions implemented
- Additional compensating controls implemented to prevent fraud
- Reached an in-principle settlement with the Competition Commission
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI 3.1
Certifications: ISO 9001, ISO 14001, OHSAS 18001
Third-party Assurance: Internal audit
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Energy-efficient hydraulic-magnetic circuit breakers, loadshedding devices
Awards & Recognition
- Not disclosed
Reporting Period: 2015-10 to 2016-09
Environmental Metrics
ESG Focus Areas
- Climate Change
Climate Goals & Targets
Environmental Challenges
- Exposure to proposed carbon taxation on natural gas combustion, liquid fuels, and transportation.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Greenhouse Gas Protocol Corporate Accounting and Reporting Standard
Reporting Period: 2017-10-01 to 2018-09-30
Environmental Metrics
ESG Focus Areas
- Climate Change
- Energy Efficiency
- Water Management
- Renewable Energy
- Sustainability
Environmental Achievements
- Installed a 297KW rooftop solar PV system, resulting in an estimated annual CO2e savings of 8000 metric tonnes.
Social Achievements
- Not disclosed
Governance Achievements
- Established board-level oversight of climate-related issues through the CEO and Social, Ethics and Transformation Committee.
- Implemented incentives for business unit managers to improve energy efficiency.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Set emissions targets in 2019.
Environmental Challenges
- Limited expertise in climate-related scenario analysis.
- Potential for supply chain disruptions due to severe weather events in Zambia (mitigated by dual supply strategies).
- Carbon tax implementation in South Africa.
Mitigation Strategies
- Developed and implemented energy efficiency projects.
- Acquired Terra Firma Solutions, a renewable energy company.
- Utilizes ISO 31000 framework for risk management.
- Planning to introduce emissions targets in 2019.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Carbon tax
- Regulatory changes
Opportunities
- Development and expansion of low-emission goods and services (renewable energy).
Reporting Standards
Frameworks Used: Greenhouse Gas Protocol
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Solar PV systems
- Energy-efficient products
Awards & Recognition
- Not disclosed
Reporting Period: 2019-10-01 to 2020-09-30
Environmental Metrics
ESG Focus Areas
- Climate Change
- Energy Efficiency
- Renewable Energy
Environmental Achievements
- Reduced carbon emissions (details not quantified but shows reduction in several areas due to lockdown and renewable energy)
- Generated 1,198 MWh of renewable energy, saving 1,222 tonnes of CO₂e and R1,529,081 in electricity costs.
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Incomplete data in OneStream system leading to negative values and data gaps.
- Low response rate (35%) for employee commute survey.
- Lack of data for transport and distribution emissions.
- Incomplete waste data (28% of entities reported).
Mitigation Strategies
- Implemented data extrapolation methods for missing electricity and employee commute data.
- Recommendations for improved data collection and reporting (monthly/quarterly data capture, automated energy and water monitoring, improved OneStream system).
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: Greenhouse Gas Protocol
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2020-10 to 2021-09
Environmental Metrics
ESG Focus Areas
- Climate Change
- Renewable Energy
Environmental Achievements
- Increased stake in solar business
- Acquired battery business
- Installed solar plants
- Co-invested with customers and partners in solar energy plants
Social Achievements
- Not disclosed
Governance Achievements
- Established board-level oversight of climate-related issues
- Developed management incentives linked to sustainability targets
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Introduce emissions target within two years
Environmental Challenges
- Severe weather patterns disrupting product delivery and supply chain components
Mitigation Strategies
- Implemented dual supply strategies
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Severe weather patterns
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Increased demand for renewable energy products and services
Reporting Standards
Frameworks Used: Greenhouse Gas Protocol, UN Global Compact
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Renewable energy products and services
- New range of Electrical Engineering products linking internet of things and energy savings
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Governance
- Ethics
- Sustainability
- Stakeholder Relationships
- Responsible Corporate Citizenship
Social Achievements
- Externally managed whistle-blowing hotline available to report misconduct.
- Focus on inclusive growth and transformative solutions.
Governance Achievements
- Board performance assessments conducted at least every second year.
- Well-defined governance structures with a formal document detailing the Board’s delegation of authority to management.
- Group Governance Framework applies to subsidiaries.
Climate Goals & Targets
- Focus on inclusive growth and transformative solutions.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: King IV Report on Corporate Governance™, International Integrated Reporting Committee’s Integrated Reporting Framework, JSE Limited Listings Requirements