Full annual report - African Bank - Investoreports

Description Explanation
4.13 Memberships in associations and/or national/
international advocacy organisations
4.14 List of stakeholder groups engaged by the
organisation
4.15 Basis for identification and selection of
stakeholders with whom to engage
4.16 Approaches to stakeholder engagement,
including frequency of engagement by type
and group
4.17 Key topics and concerns that have been raised
through stakeholder engagement, and
how the organisation has responded
through its reporting
Economic
Economic performance
DMA Disclosure on management approach
■ Economic performance
■ Market presence
■ Indirect economic impacts
EC1 Direct economic value generated and
distributed
EC2 Financial implications and other risks and
opportunities for the organisation’s activities
due to climate change
EC3 Coverage of the organisation defined benefit
plan obligations
186
Memberships include:
■ Business Unity South Africa
■ National Business Initiative
■ Consumer Goods Council of South Africa
■ South African Insurance Association
■ Money Advice Association
■ South African Banking Risk Intelligence Centre
■ Investment Analysts Society
Refer to stakeholder engagement on page 44 to 51.
An overview of our philosophy on stakeholder engagement is
available on page 44. The stakeholder groups have been identified on
the basis of the extent to which they are affected by the operations
and decisions of the group, as well as their ability to influence the
performance or strategic direction of the group.
Refer to stakeholder engagement on page 44 to 57. Many approaches
to stakeholder engagement have been given as well as the frequencies
of each engagement for each stakeholder.
A list of stakeholder issues and the relevant material issue that it
links to have been listed on pages 44 to 51. Stakeholder issues have
been listed, and provide information of where more detail can be
found in the report. Detailed responses have been given
in the stakeholder engagement section, broken down according
to group.
ABIL contributes to the economy and the people by stimulating growth
through its operation, and distribution of wealth to its various
stakeholders. Where possible, our policies ensure that we employ locally
based people. We further stimulate growth through the procurement
policies. Also by providing affordable credit to our customers, we enable
them which in turn assists the communities. Full commentary will be
inserted in the integrated report in the following year’s reporting.
A summary of value added information is provided on page 136 with
graphical illustration on page 136.
Climate change risks that could possibly impact the group, both
activities and financially, include: compliance to regulatory
changes, damages to property and assets (be this by man or
extreme weather). The risk is minimal as the costs are not high and
risk processes are in place. For the Banking unit, the impacts would
be indirect, through the impact it may have on our customers,
their housing and their insurance. This may affect borrowing or
insurance packages. For the Retail unit, the impact may be through
logistical needs.
Not applicable as the group does not have any defined benefit plans.