SOCIAL AND RELATIONSHIP CAPITAL |
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| SOCIAL AND ETHICS REVIEW |
Download Foundation report - (1MB)
Our social and ethics committee monitors the group’s activities in
terms of social and economic development, including:
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Adherence to the principles of the UN Global Compact (a policy
initiative to align businesses with 10 universally accepted principles
covering human rights, labour, environment and anticorruption),
broad-based black economic empowerment (BBBEE), employment
equity and the recommendations of the Organisation for Economic
Cooperation and Development (OECD) on anticorruption |
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Good corporate citizenship – promoting equality, preventing
discrimination, corporate social responsibility and ethical behaviour |
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Environmental, health and safety matters |
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Consumer relations |
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Labour and employment, including education and skills
development. |
Corporate social investment
Corporate social investment (CSI) takes place at group level through the Hyprop Foundation. The foundation invested R1 154 216 during the year, and
R2 365 228 in added value for BBBEE compliance. Over 60% of the total investment was focused on education and feeding programmes at schools.
The added BBBEE value included use of facilities for events, staff resources and donations received from staff and stakeholders.
| Rand (R) value of CSI/socio-economic development spend |
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| Education |
267 390 |
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| Skills development, including adult basic education and training (ABET) |
140 000 |
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| Health, including HIV/Aids |
3 400 |
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| Basic needs and social development, including nutrition and/or feeding programmes |
718 426 |
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| Rand value of enterprise development spend (ie support for small business) |
25 000 |
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Broad-based black economic empowerment
Hyprop recognises that integrating transformation into business practice is crucial for the sustainability of the company and South Africa. The
company supports the property transformation charter in this regard. The social and ethics committee is responsible for driving progress, for
specific areas of the BBBEE scorecard. The board of directors of Hyprop Investments Limited and its respective management teams are dedicated
to the task of substantially increasing BBBEE at all levels of their business to assist redressing the imbalances of the past and empowering historically
disadvantaged individuals.
New BBBEE codes became effective from 1 April 2015, but the property sector-specific code adjustments were postponed to October 2015. Hyprop’s
sector code scored a level 6 (this cannot be fully determined, as the new sector codes have not been applied yet).
View our BBBEE certificate online.  |
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Hyprop encourages preferential procurement, guided by procedures in its code of conduct. All our suppliers have
been verified, and 93,8% of our procurement spend is BBBEE compliant |
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During the year, we spent almost R2 804 116 993 with qualifying certified BBBEE suppliers for a range of services,
of that R2 893 506 with suppliers classified under black-owned enterprise development suppliers and R2 087 262
classified under female black-owned enterprise development. |
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Fines
Hyprop incurred no fines or prosecutions for non-compliance with social laws and regulations during the year.
