Sustainability Report 2012 - Transnet

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GRI tableG3 indicatorReference3.6 Boundaries of report This report covers all areas under which Transnet hasoperational control. See About the Sustainability Reportin the SR (page 3) and About the Integrated Report in theIR (pages 2 to 7).3.7 Limitations This report covers all areas under which Transnet hasoperational control. See About the Sustainability Reportin the SR (page 3) and About the Integrated Report in theIR (pages 2 to 7).3.8 Basis for reporting on joint ventures andsubsidiariesTransnet has no significant active subsidiaries or jointventures in which it has operational control.3.9 Data measurement techniques Transnet does not currently report on this indicator.3.10 Explanation of effect of restatements No restatements.3.11 Significant changes No significant changes for 2011/12.3.12 GRI index The full GRI table appears at the back of the SR (pages 78to 84).3.13 Assurance Currently Transnet only provides assurance on financialinformation.4. Governance, commitments and stakeholder engagement4.1 Governance structure See Corporate Governance report in the AFS (page 156).4.2 Indicate whether the Chair of the highestgovernance body is also an executiveofficerThe Chairman, Mr Mkwanazi, is a Non-executive Director.4.3 Number of non-executive members The Board comprises 18 Directors, of which 16 are NonexecutiveDirectors.4.4 Mechanisms for stakeholders andemployees to provide recommendationsto the Transnet Board4.5 Linkage between compensation andperformance4.6 Processes for managing conflicts ofinterest4.7 Process for determining qualificationsand expertise4.8 Internally developed statements ofmission or values, codes of conduct,and principles relevant to economic,environmental and social performanceSee Stakeholder Engagement section in the SR (pages 61to 64) and the IR (pages 133 to 137).See Remuneration report within Directors’ report in theAFS (page 32).See Declarations of Interest in the SR (page 47) and theCorporate Governance report in the AFS (page 156).See Corporate Governance report in the AFS (page 156).See Code of Ethics in the SR (page 47) and CorporateGovernance report in the AFS (page 156).4.9 Board oversight of CSR policies and risk See Corporate Governance report in the AFS (page 156).management4.10 Performance evaluation process See Corporate Governance report in the AFS (page 156).Sustainability Report 201279
Global Reporting Initiative table (continued)G3 indicator4.11 Explanation of how the precautionaryapproach or principle is addressed by theorganisation4.12 Externally developed, voluntaryeconomic, environmental and socialcharters, sets of principles, or otherinitiativesReferenceAlthough no formal adherence to “the precautionaryprinciple” is applied, Transnet seeks to have a minimalnegative impact on its stakeholders, society and theenvironment.See Corporate Governance report in the AFS (page 156).4.14 List of stakeholder groups See Stakeholder Engagement section in the SR (pages 61to 64) and the IR (pages 133 to 137).4.15 Basis for identification and selection ofstakeholdersTransnet identifies its stakeholders as the groups andentities upon which Transnet’s activities have a significantinfluence, and vice versa.4.16 Approaches to stakeholder engagement See Stakeholder Engagement section in the SR (pages 61to 64) and the IR (pages 133 to 137).4.17 Key topics and concerns raised duringstakeholder engagementEconomicEconomic performanceEC1 Direct economic value – revenues,operating expenses, employeecompensation, donation and othercommunity investments, retainedearnings, and payments to capitalproviders and governmentsEC2EC3EC4Financial implications and other risksand opportunities for the organisation’sactivities due to climate changeCoverage of Transnet’s defined benefitplan obligationsSignificant financial assistance receivedfrom the GovernmentSee Stakeholder Engagement section in the SR (pages 61to 64) and the IR (pages 133 to 137).See Appendix B in the IR (pages 132 and 133).See Climate Change mitigation and adaptation section inthe SR (pages 72 and 73).See note 32 Post-retirement Benefit Obligations in theAFS (page 107).Transnet has not received any financial assistance fromGovernment.Market presenceEC5 Range of ratios of standard entry levelwage compared to local minimum wage atsignificant locationsEC6EC7Policy, practices, and proportion ofspending on locally-based suppliers atsignificant locations of operationsProcedures for local hiring and proportionof senior management hired from thelocal community at significant locationsof operations indirect economic impactsTransnet does not currently report on this indicator.See Local Supplier Industry Development in the SR(page 42) and Supplier Development Programme in the IR(page 48).Transnet’s EE plan articulates the Company’s ongoingand sustained commitment to achieve a workforce thatreflects the national economically active population ofSouth Africa across all occupational levels.80
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Sustainability Report 2012 - Transnet

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