Sustainability Report 2012 - Transnet

Sustainability frameworkOur Sustainability Framework reflects what Transnet is: a wholly SOC whose financialdividends are re-invested in the business, and whose Shareholder, represented by theMinister of Public Enterprises, mandates us to play a powerful developmental role inthe growth and transformation of South Africa. In alignment with the annualShareholder Compact which Transnet signs with the Minister, we have defined our long-termdevelopmental mandate into specific sets of economic, social and environmental dividends,which together constitute the Transnet Sustainability Framework. This is how Transnetunderstands and targets sustainability in all we do.The Sustainability Framework enables us to drive and monitor actual performance in specific areas, to reportsystematically to our stakeholders, and to plan ahead based on an honest analysis of facts.Because this is the start of Transnet’s proactive sustainability performance drive, we are building a sustainabilityintelligence system to collate and analyse the necessary data for each set of dividends. This is no small task butis necessary for both management and accountability. As our sustainability intelligence matures in the comingyears, we will begin to introduce sustainability assurance audits, raising the bar on our determination todemonstrate the actual impact of our business on the economy, society and the environment.The SR 2012 is organised to reflect the economic, social and environmental dividends that Transnet hasdelivered in 2012 and to show where our sustainability efforts are now focused.ECONOMICDIVIDENDSCost-effective freightlogistics infrastructureahead of demand.Reliable and efficient rail,port and pipeline services.Skilled human resourcesaligned to infrastructureand services.Local supplier industrydevelopment.Rural development.Regional integration.A financially stable business,able to raise and service debt,reinvest revenues and pursueagreements with privateparties to optimiseinvestment and services.SOCIALDIVIDENDSGood governance,accountability andtransparency.Zero tolerance of fraud andcorruption.A representative workforce.Safety.Staff wellness.Broad-based black economicempowerment.Corporate social investment.Community benefits.Proactive stakeholderengagement.ENVIRONMENTALDIVIDENDSModal shift from road-to-rail,lowering South Africa’scarbon emissions.Energy efficiency.Climate change mitigation.Climate change adaptation.Water use efficiency.Waste managementoptimisation.Biodiversity enhancement.8