Full integrated annual report - African Bank - Investoreports

Findings
Based on our review of the report, as well as the processes employed to collect and collate information
reported herein, it is our assertion that:
ABIL adequately adheres to the Accountability AA1000APS principles of Inclusivity, Materiality and
Responsiveness, although room for improvement exists with respect to stakeholder engagement.
The report adequately meets the GRI G3’s requirements for Application Level B. However, it was found that
the reporting of performance against a few of the GRI G3 indicators continues to require either data quality
improvements, or further details in disclosure.
Improvements can be made with respect to the collection, collation and reporting of data for key
sustainability performance indicators, noting that broad aspirational statements are useful in defi ning
where ABIL might be headed, but performance data is much more useful in expressing where ABIL has
been making progress towards strategic intents.
Conclusions and recommendations
Based on the information reviewed via desk research and management interviews, SustainabilityServices.
co.za is confi dent that this report provides a comprehensive and balanced account of ABIL’s environmental,
safety and social performance for the period under review. The information presented is based on a systematic
process and we are satisfi ed that the reported performance data accurately represents ABIL’s current ability
to manage and/or report on its environmental, safety and social performance, while meeting the AA1000AS
(2008) principles of Inclusivity, Materiality and Responsiveness. Moreover, and although the quality or quantity
of data of some GRI G3 indicators can be improved, this report appears to meet the GRI G3’s requirements
for Application Level B (B+ with this assurance engagement).
However, the following recommendations have been identifi ed:
With respect to adherence to AccountAbility’s AA1000APS principle of Inclusivity, ABIL should continue to
ensure that stakeholder engagement progresses towards the active inclusion of all signifi cant stakeholders,
and that a regular review of stakeholders tests for completeness and relevance.
With respect to adherence to AccountAbility’s AA1000APS principle of Responsiveness, ABIL should
continue to ensure that feedback to stakeholders on sustainability matters occurs in line with King III’s
recommendations for ‘Integrated Reporting’, such that all presentations of results – including interim
results – include a reasonable discourse regarding ABIL’s most material sustainability issues.
Having successfully addressed the requirements of GRI G3 Application Level B in this report, it is our
recommendation that ABIL continue to ensure that its sustainability reporting processes meet no less than
the GRI’s G3 Application Level B reporting requirements in subsequent reporting periods.
For more information about the assurance process employed to assess the Corporate Responsibility section
within ABIL’s 2011 SD Report, email michael@csap.co.za.
SustainabilityServices.co.za
15 December 2011
Johannesburg
Integrated report 2011 | African Bank Investments Limited
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