Dear stakeholder
WHY SUSTAINABILITY MATTERS
Sustainability is embedded as a core value in the Italtile business and is a key consideration in our strategic planning and decision-making process. Our Group philosophy is that a well-structured, efficiently implemented ESG strategy makes a significant contribution to the strength of the corporate brands and positions the business to create and unlock sustainable value for all stakeholders.
As a business, we have a moral obligation to protect our planet for future generations. In this light, we are committed to fighting for the rights of our customers to have a beautiful home – both in their places of residence, and also in the communities and natural environments we operate in.
The Group strives for sustainability by addressing the impact it has on the environment, improving its eco-efficiency, and developing or procuring products that help our customers to live sustainably.
Italtile believes that the application of effective governance is essential to establishing an ethical and successful organisation which creates sustainable value for its stakeholders, and embraces the principles set out in King IV. King IV’s outcomes-driven approach to corporate governance aligns with Italtile’s existing governance framework and commitment to sustainable value creation and continuous improvement.
The Group subscribes to the Institute of Directors’ Governance Assessment Instrument ("IoDSA GAI").
Our retail brands and manufacturing businesses support the Group's commitment to working towards achieving the United Nations' Sustainable Development Goals ("SDGs") in order to realise a better and more sustainable future for all. The Company has designed an inclusive Environment, Social and Governance ("ESG") strategy, focusing on our commitment to addressing ESG matters in all aspects of our business.
We aim to provide a transparent, clear and consistent message on our performance, our plans to create value, and our ESG progress across our communication channels. We engage with stakeholders to ensure our strategy remains relevant and is cognisant of their changing needs and interests.
The Group regards transformation as a social, moral and strategic business imperative. Management recognises that as a responsible corporate citizen, the Group has an obligation to contribute to bringing about a more equal and inclusive society – starting within our own business. Our transformation strategy is closely aligned to the objective of the B-BBEE Codes and we employ an integrated approach to accelerate transformation across the Code's five criteria.
The Foundation is a broad-based black ownership scheme, with the objective of conducting public benefit activities (public benefit organisation ("PBO") ref No 930044728) in a non-profit manner and with an altruistic and philanthropic intent, working towards the transformation and upliftment of previously disadvantaged communities.
The Foundation accepts and deploys socio-economic development and skills development donations in terms of the B-BBEE legislation and is authorised to issue 18A certificates.
The Foundation's distributions are made to public benefit activities relating to education, sport and conservation, as outlined in the following narrative.
