Supporting food security and a sustainable future
INTEGRATING SUSTAINABILITY INTO OUR CORE BUSINESS
The International Integrated Reporting Committee recommends that “a company present its strategy, governance, performance and prospects in a way that reflects the commercial, social and environmental context within which it operates”.
This section of our Integrated Annual Report specifically addresses our response to the social and environmental concerns that are shaping the retail industry in South Africa.
As a major retailer in South Africa, we strive to address socio-economic challenges through the supply of high quality, affordable food for all South Africans, whilst providing significant employment and economic opportunities across our value chain.
A wide range of environmental, social and governance trends are combining to create new commercial and socioeconomic challenges, which continue to redefine the role we have to play in South Africa.
From an economic and environmental perspective:
From a social and governance perspective:
Based on these trends, Pick n Pay’s sustainability strategy is framed around six strategic focus areas. Each of these focus areas aligns with our overarching commitment to work towards greater food security and a sustainable future:
All of our sustainability initiatives are directed at increasing the resilience of our business, through encouraging innovative thinking, partnerships and the transformation of systems and processes. We will continue to improve and grow, to ensure that we not only become the retailer of choice for all South Africans, but that we lead by example, as a strong and principled corporate citizen, playing an integral role in building a strong and successful South Africa.
This review provides a brief, high level overview of our sustainability initiatives and performance. Further detail may be accessed on our website at www.picknpay-ir.co.za/sustainability-reports.php.
|SUSTAINABILITY FOCUS: PROVIDING SAFE FOOD AND EXPANDING SUSTAINABLE PRODUCT LINES
Customers know and trust Pick n Pay branded products because they deliver on our promises of good quality and value for money. We strive to not only deliver safe, quality products to our consumers but also to ensure the welfare of the animals and environment that supports us. We regularly audit our key corporate brand suppliers along strict health and safety guidelines, to ensure food safety. In addition we work closely with many suppliers to ensure that we share a common vision to promote and expand ethical and sustainable product lines.
Key challenges include:
|SUSTAINABILITY FOCUS: BUILDING A RESILIENT SUPPLY BASE
We continue to work closely with suppliers to ensure the sustainability of our supply base, with enterprise development remaining a clear focus. We support the agricultural sector through our efforts to address the challenge of market access for emerging farmers.
Key challenges include: