Hyprop Investments Limited Integrated annual report 2017

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Hyprop Investments Limited
Integrated annual report and consolidated financial statements2017
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Inputs Outputs Outcomes
Business activities Product and services delivered Sustainable value creation from business
activities
Stakeholder
communication
Dedicated investor relations
manager and marketing
executives
Effective controls and processes
supporting transparent disclosure
Transparent and reliable communication
through multiple communications
channels
Natural capital
Responsibility: To ensure that operations (occupation and redevelopment of properties, day-to-day activities) limit their impact on the environment
Improve environmental
efficiency of
properties
Energy, carbon emission, water
and waste-reduction targets
Resource management
Execute environmental
strategy
Reduced environmental footprint
Voluntary participation in global
environmental benchmarks
Improvements made to an already small
environmental footprint
Third phase of solar photovoltaic plant
at Clearwater Mall
R9,5 million cost savings to the SA
portfolio from energy efficiency
initiatives
79% of waste recycled (2016: 78%)
Human capital
Responsibility: To grow and nurture the talent, knowledge and skills of our people
Ethical leadership Regulatory compliance and
corporate governance
Experienced board of
directors
Competent executive
management
Compliance with JSE regulations and
Companies Act
Strategic risk and opportunity
identification and management
Investment strategy to protect and grow
the business
114% achieved on key performance targets
Additional board member appointed
Employee management Fair remuneration
Employee relations
Education and training
Skills retention
Equality
Remuneration policy – includes a clear
remuneration structure
Salary benchmarks and surveys
Employee benefits applied to all levels
of employment
Employee engagement and
communication
Inhouse human resource department
Safe and healthy work environment
Company code and policy – defines the
HR processes and is reviewed annually
Develop employee knowledge base and
productivity
Improved employee productivity
Address skills shortage
Low staff turnover
Share incentive scheme to retain
executive management and align with
company strategy
Employment equity targets
Recruitment
Equal opportunity
Non-discrimination
Performance-based remuneration
Increased lowest base salary by 29%
Reviewed salaries to align equal pay for
equal work
No serious injuries on duty reported
Low ratio of unproductive leave days
Employee survey – 97% satisfied
Training targets exceeded
Net distributable earnings per employee
increased by 20%
Employee tenure of 92%
Improved employment equity status
83% of new employment and 86% of job
promotions from designated groups
No grievances reported
Social and relationship capital
Responsibility: To ensure interactions with local stakeholders are meaningful and constructive
Corporate social
investment (CSI)
Hyprop Foundation
Culture of involvement
Sustainable social responsibility through
education, community upliftment and
enterprise development
Employee, tenant and customer
participation in CSI initiatives
Contribute towards BBBEE scorecard
R1,6 million invested in CSI projects
Time, funds and goods donated to
various beneficiaries
Contributed R2,6 million towards social
investments element on BBBEE scorecard