The Bidvest Group Limited ANNUAL INTEGRATED REPORT 2012
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External appraisals

 

 
JSE Socially Responsible Investment Index

Based on an assessment of the Group’s policies, performance and reporting on economic, social and environmental sustainability, the JSE has reaffirmed Bidvest as a founding constituent of the SRI Index. Bidvest, one of 30 best performers out of 109 listed companies included in the research, is one of 67 constituents of the index. Bidvest was assessed as having a low environmental impact. The index is the first of its kind in an emerging market and the first to be launched by a stock exchange.

Carbon Disclosure Project 2011

The United Nations-sponsored Carbon Disclosure Project provides investors with information about carbon emissions and climate change exposure of the world’s major corporations. Bidvest’s disclosure was ranked highly in South Africa.

Broad-based black economic empowerment
Bidvest continues its drive towards economic and social equity through the process of broad-based black economic empowerment. Transformation is managed at an operational level in the decentralised Bidvest structure and reported and monitored at Group level. The best measure of overall success is reflected in the Group BEE rating which has reached level 3 contributor status under the DTI Codes of Good Practice.
 

 

Strategy

 Growth and value creation    
  Strategy   Implementation     Page/s  
  Own the cash flows   Manage businesses actively and successfully     52 – 55  
  Master of the distribution channel   Maintain decentralised channels and reach common customers     34 – 37; 42 – 45; 48 – 49  
  Anticipate the future   The need to be increasingly flexible and adaptable, to explore new opportunities and directions while taking risks on a calculated basis     16; 24 – 28; 37; 45; 55; 63  
  Stick to basics   Continued investment in our employees, collect the book, manage payment of creditors, spend capex effectively and manage the returns on investment     34 – 37; 42 – 45; 48 – 49  
 Management focus    
  Strategy   Implementation     Page/s  
  Never waste a crisis   A proactive approach to global challenges could describe the Bidvest style, refitting the businesses for a new future     24 – 28; 34 – 37  
  Financial disciplines and allocation of funds   Working capital and return on funds employed     5259; 61 – 62  
  Restructuring   Developing lean, flexible structures to take business in entirely new directions. Nimble unblinkered organisations have the best chance of success in a changing world     34 – 37  
  Medium-term target   Real organic growth in earnings across all businesses     34 – 37; 42 – 45; 48 – 49