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Reunert's Sustainability Strategy addresses the Group's varied environmental, social and governance (ESG) risks and opportunities.

ESG achievements for 2023

Generated 3 095 MWh of renewable energy (2022: 2 076 MWh).

Designed and built the largest rooftop solar plant in Africa for Investec (5,3 MW).

Increased revenues generated from renewable energy products from less than 1% in 2017 to 8% in 2023.

Developing a framework to reduce waste to landfill centred around four key pillars: reduce, reuse, recycle and repair.

Our sustainability overview

The Group's approach to sustainability is informed by a responsibility to reduce the negative environmental and societal impacts, increase our positive impacts, and ultimately create mutually sustainable value for our stakeholders. The sustainability imperative considers external factors such as climate change risks and the need to positively impact society. As a primary business-to-business Group, we are driven to enable our customers' success while positively impacting the environment, promoting responsible governance, and contributing towards building an equitable society.

The Group's Sustainability Strategy is based on two strategic principles: Operate responsible businesses and pursue shared value solutions.

The strategy aligns with the overall business strategy.

Our Group strategic pillars

Purpose

Our customers

Our people

Efficiency

Diversification

Innovation

Optimisation

Transformation

B-BBEE

Human Resources

Sustainability

Our Sustainability Strategy principles

Operate responsible businesses

Pursue Shared value Solutions

Integrating ESG into our strategy

We recognise that ESG aspects are relevant to decision making in many parts of the business. Priority risks and opportunities considered during the year include:

ENVIRONMENTAL RISKS AND OPPORTUNITIES
  • Environmental pressures include water scarcity, higher energy prices, higher temperatures, fire risk, increasingly extreme weather patterns and the impact of climate change
  • Green1 revenues (supported by the diversification, innovation and efficiency strategic pillars), with the local electricity crisis accelerating the adoption of renewable energy
  • Having a strong sustainability rating provides access to a growing pool of ESG capital
SOCIETAL RISKS AND OPPORTUNITIES
  • Shifts in societal expectations due to poverty and unemployment, education and training quality, growing inequality and changes in the workplace
  • Attracting high-performing employees who contribute to value creation (supported by the people strategic pillar)
  • Rolling out broadband connectivity to key sites, including schools, libraries, clinics and social development facilities
  • Extending our renewable energy services and products
GOVERNANCE RISKS
  • Higher expectations regarding regulatory compliance and responsible business practices
  • Non-compliance with carbon tax regulations leads to penalties and a negative impact on Reunert’s reputation