Environmental Management Approach: Overall (GRI 301-308)
Barloworld is committed to the ongoing creation of shared value for all its stakeholders through the purposeful stewardship of the six capitals and balancing our stakeholders’ interests.
Value creation for stakeholders is impacted by the group’s Purpose: Inspiring a world of difference, enabling growth and progress in society, its three strategic objectives (Deliver top quartile shareholder returns; Drive profitable growth; Instil a high-performance culture) and its responsible citizenship programme.
Indicators addressed under Environment are covered by our responsible citizenship programme, and the Natural and Social capitals.
Our strategic framework and approach, including strategic objectives and related targets, are endorsed by the board and institutionalised reporting structures ensure board oversight of progress.
The group’s Code of Ethics includes ‘Protect the environment’.
Barloworld’s Worldwide Code of Conduct sets out the group’s five core values. It determines how our aspirations and values are translated into actions and behaviours. Our code of conduct reminds us of the standards to which employees and the group are accountable, and consequently it also informs the group of what is to be regarded as material.
Sustainability, one of our core values includes ‘We focus on environmental responsibility and preventing waste’.