Sustainability
Management
Senwes is committed to ensuring the sustainability of its business,
while simultaneously contributing towards the continued
existence of a just, equitable and stable society, as well as the
preservation of the ecosystem. We do this by being conscious
of our actions and the impact thereof on both society and the
natural environment, and developing strategies to ensure that we
minimise negative impact and optimise positive impact.
At Senwes we define sustainability as follows: Sustainability
refers to the responsible, efficient and ethical manner in which
current generations use all types of resources to meet their
own needs and realise their goals and aspirations; thereby
impacting the socio-economic and ecological environment in
a way that does not compromise, but enhances the ability of
future generations to meet their own needs and realise their own
goals, aspirations and potential. (Adapted from The Brundtland
Commission’s definition created in 1987).
We understand that all Senwes team members, including the
Board and Executive Committee, are merely custodians of the
organisation and have been given the responsibility of operating
sustainably, in order to hand over the business to future
generations in a better state than it was when we received it from
past generations.
We believe that it is critical for our organisation to have a
sustainability-oriented culture, structures and processes for
the governance of sustainability. Key indicators and material
sustainability issues and risks are monitored on an ongoing
basis. It is important to stay abreast of local and international
material regulatory and technical developments in the field
of sustainability and that the management thereof meets the
minimum requirements as provided by King III and is in line with
the Global Reporting Initiatives (GRI) guidelines.
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Strategic goal
To be a fully integrated agri-business and a significant role player
in the global food value chain.
Strategic focus
The Group’s strategy is focused on growth and diversification
through consolidation and integration within the agricultural and
food value chain.
Strategic objectives
Our strategic objective is to create sustainable value for all our
stakeholders and to become a preferred investment partner,
employer, supplier and corporate citizen.
• Diversification of business to mitigate concentration risk.
• Effect horizontal integration and consolidation of the agri-business
sector to expand to a national footprint, through corporate actions.
• Reorganising of business models.
• Vertical integration by specialised focus in the value chain.
• Unlocking of value synergies via the support functions.
• Internationalisation through strategic partnerships.
• Customer focus and
relationship management.
• Leadership, talent, culture
and values.
• IT, business intelligence
and innovation.
• Operational efficiency.
• Risk management.
• Average annual return
> WACC.
• NPAT annual growth of
inflation + 2%
• Own capital ratio between
35% and 45%.
• Interest cover of at least
2.5 times
• Gearing ratio < 180%