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Hyprop Investments Limited
Integrated annual report and consolidated financial statements
2017
Social and
relationship capital
Broad-based black economic empowerment (BBBEE)
Hyprop recognises that integrating transformation into business practice is crucial for the sustainability of the company and South Africa. As such, we
support the aims of the property transformation charter.
The social and ethics committee is responsible for monitoring progress in specific areas of the BBBEE scorecard. Management focuses on implementing
business practices to contribute to the BBBEE score.
View our BBBEE certificate online
Corporate social investment
The company’s corporate social investment programme (CSI) is managed through the Hyprop Foundation which ensures that we focus on addressing
identified needs in communities around our properties, or those affected by our business operations.
The foundation’s long-term vision is to ignite a culture of sustainable projects for communities that support our business and to encourage our people
and stakeholders to be involved.
In 2017, the Hyprop Foundation invested R1,6 million in projects, primarily focused on education and community upliftment.
Funding
The foundation’s budgets and projects are approved and monitored by the social and ethics committee. In line with the foundation’s vision, funding is
generated through a system of ‘value shares’ that are created by Hyprop employees and stakeholders (eg retail tenants) contributing their time and resources
to identified initiatives, with the value of involvement converted to a funding value. The aim is to ignite a culture of involvement in the company and by
stakeholders.
The foundation categorises these value shares as:
Donation shares
Projects may require immediate donations of cash and products. Every tin of food, book or blanket collected counts
as a donation share. A percentage of theatre productions and holiday events at shopping centres is allocated to
project funding
Health shares
Healthy living and activities are encouraged. Every kilometre walked, run or swum for a cause at specified events is
rewarded with health shares
Hour shares
When a Hyprop employee participates in a project, each hour worked translates into a predetermined Rand value for
the foundation
Skills shares
Individuals with specific skills donate their time to initiatives that enhance community upliftment and skills transfer
All initiatives undertaken by the foundation comply with its philosophy and code of good practice. In the prior period, the foundation revised its funding
approach and now considers the measurable impact before funding is allocated. Employee engagement is encouraged and employees can nominate projects
and beneficiaries.
Measuring the return
Target 2017
Actual 2017
Actual 2016
BBBEE
certification
value
R000
Hyprop
Foundation
budget
R000
Return
value
(%)
Funding
to be raised
through
shares
R000
BBBEE
certification
value
R000
Hyprop
Foundation
actual
spend
R000
Return
value
(%)
BBBEE
certification
value
R000
Hyprop
Foundation
actual
spend
R000
Return
value
(%)
2 635
1 516
174
2 050
2 286
1 586
144
2 230
1 339
167
Identifying beneficiaries
All potential beneficiary partners are screened by the foundation’s management committee and Hyprop remains involved in each initiative. The committee
reviews all funding proposals, and the decision to proceed is based on the proposal’s alignment to our core business.
The foundation’s key challenge remains the overwhelming need for assistance and the resulting volume of applications. The aid requested often exceeds
available funds, while rejecting applications that do not comply with the foundation’s requirements can prove difficult.