STEFANUTTI STOCKS HOLDINGS LIMITED Sustainability Report
2023
stefanuttistocks.com
Contents
About this report
The Stefanutti Stocks Way
Group management system framework Company profile
Stakeholder engagement Material risks Value-added statement Group performance review Energised and engaged employees Case studies
- Skills development
- Enterprise development
- Socio-economicdevelopment
2023 Socio-economic development (SED) spend Flawless execution
Case studies
- Environmental
-
Occupational health and safety Client relations
Additional information Abbreviations and definitions Corporate information
About this report
Scope and boundary
This sustainability report comprises the operations of Stefanutti Stocks Holdings Limited and its subsidiaries (the company, the group or Stefanutti Stocks) mainly for South Africa. The information in this report covers the performance of the company for the year ended 28 February 2023 and, where relevant, information post year-end has been incorporated.
Stefanutti Stocks strives to ensure that the disclosures made in this report are meaningful, accurate, complete, transparent and balanced. The board and board committees have considered and approved the disclosures made in this report.
This report was prepared in accordance with the requirements of the South African Companies Act, No. 71 of 2008, as amended (the Companies Act), the Listings Requirements of the JSE Limited (JSE), the principles of the King IV Report on Corporate Governance™ (copyright and trademarks are owned by the Institute of Directors in Southern Africa NPC and all of its rights are reserved) for South Africa 2016 (King IV™), the International Integrated Reporting Council's International Framework as well as the company's Memorandum of Incorporation. This report also takes guidance from the Global Reporting Initiative Guidelines and Standards.The Stefanutti Stocks Integrated Annual Report, as well as the comprehensive annual financial statements and investor presentations for the year ended 28 February 2023, are available on the company's website.
The requirement for external sustainability assurance is considered annually and is, at this stage, not deemed necessary. This report contains material issues of concern to the company's stakeholders. For additional information visit the company's website: www.stefanuttistocks.com.
Materiality
Materiality is determined after consideration of the International Framework, King IV™, the Global Reporting Initiative Guidelines and Standards and internal policies.The group defines material issues as those matters having the potential to affect its strategy, business model, sustainability or one or more of the capitals, namely: financial, manufactured, intellectual, social and relationship, human and natural capitals, as defined by the International Integrated Reporting Council (IIRC) over the short, medium and long term, taking into account the likelihood and consequence of the issues.
Forward-looking statements
The statements made within this sustainability report may contain forward-looking information, including statements regarding the company's intent, belief or current expectations with respect to Stefanutti Stocks's businesses and operations, market conditions, results of operations and financial condition, capital adequacy, specific provisions and risk management practices.
Investors/shareholders are cautioned not to place undue reliance on these forward-looking statements. Forward- looking statements are based on Stefanutti Stocks's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements.
These statements are based on a number of assumptions that are subject to change. This sustainability report includes only matters up to the date of this report and the period reported on and only where relevant, information post year-end has been incorporated. Stefanutti Stocks disclaims any duty
to update the information herein.
Busisiwe Silwanyana
Chairman of the Social and Ethics Committee
19 June 2023
Stefanutti Stocks Sustainability Report 2023 | 1 |
The Stefanutti Stocks Way
Flawless execution
- Do it right the first time
- Lean culture
- Plant and equipment - our pride
- Proper planning prevents poor
performance
- Relationships with construction partners and supply chain
- Simple, efficient standardised processes and procedures
- Zero harm
The Stefanutti
Stocks Way
Energised and | Client relations |
engaged employees | - Alternative procurement |
- Accountability at all levels | and execution methods |
- Customer relationship management | |
- Developing our people | - Presence with clients |
- Involved with our people | - Regular engagement |
- Live our values | - Solutions-driven culture |
- Owners mindset | - Under promise and over deliver |
- Performance management | - Understand clients and project needs |
and feedback |
- Right people in the right places
- Transformed and diverse organisation
- Understand the next generation
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Group management system framework
Executive Committee (EXCO)
Various forums have been established to ensure standardisation across the group and improve the group's effectiveness, including the Sustainability Committee, which oversees the composition of this report.
Sustainability
Chairman - Mike Sikhakhane
To formalise, entrench, maintain and review a reporting system that enables the group to measure, understand and communicate its progress against the five key areas of sustainability: economic, environmental, social, transformation and governance to its stakeholders.
Human resources
Chairman - Mike Sikhakhane
To ensure that services, policies, procedures, conditions of employment and human resources programmes exist in support of the group's attraction, development and retention of employees as well as sound human resources governance, risk and compliance management.
Information technology
Chairman - Richard Harrison
To ensure the information and communication technologies (ICT) utilised support and enable the group's objectives. This entails the identification and assessment of potential emerging technologies and the ongoing drive to reduce the overall ICT cost per user within the group. These activities cover both purchased and in-house developed software, as well as potential hardware and cloud solutions.
Occupational health, safety, environment and quality
Chairman - Derek du Plessis
To continually improve upon a well-established environmental management system (EMS), occupational health and safety management system (OHS MS) as well as quality management system (QMS) to ensure effective EMS, OHS MS and QMS core processes.
Continual review of these management systems to ensure efficiency and simplicity in the implementation and maintenance thereof on new and existing projects. A centralised hub of procedures and documentation, as well as a constructive Safety, Health and Environmental (SHE) and Quality Forum to monitor, measure, analyse and evaluate core processes in the interest of advancement. The development of safety, health, environment and quality (SHEQ) processes, templates and requirements on the Systems at Stefanutti Stocks (S@S) will enable electronic functionality of the above management systems and reduce the need for arduous and variable administrative activities. Built-in tracking systems to ensure processes are followed, and corrective actions are closed out and measured for effectiveness.
Finance
Chairman - Yolanda du Plessis
To coordinate regulatory and administrative compliance within the group and to share best practices.
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Disclaimer
Stefanutti Stocks Holdings Limited published this content on 28 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2023 12:03:15 UTC.
