Sustainability Report 2012 - Transnet

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