Overview

Barloworld is committed to the ongoing creation of shared value for all its stakeholders through the purposeful stewardship of the six capitals and balancing our stakeholders’ interests.

Value creation for stakeholders is impacted by the group’s Purpose: Inspiring a world of difference, enabling growth and progress in society, its three strategic objectives (Deliver top quartile shareholder returns; Drive profitable growth; Instil a high-performance culture) and its responsible citizenship programme.

Indicators addressed under Environment are covered by our responsible citizenship programme, and the Natural and Social capitals.

Our strategic framework and approach, including strategic pillars and related targets, are endorsed by the board and institutionalised reporting structures ensure board oversight of progress.

The group’s Code of Ethics includes ‘Protect the environment’.

Barloworld’s Worldwide Code of Conduct sets out the group’s five core values. It determines how our aspirations and values are translated into actions and behaviours. Our code of conduct reminds us of the standards to which employees and the group are accountable, and consequently it also informs the group of what is to be regarded as material. 

Sustainability, one of our core values includes ‘We focus on environmental responsibility and preventing waste’.

 

Sustainability

Sustainability

The power of endurance

We focus on environmental responsibility and preventing waste

We focus on improving the quality and efficiency of our operations while reducing our environmental impact. We support environmental stewardship by utilising business processes that enable waste prevention, improve quality and promote the efficient use of resources in operations. We are committed to complying with environmental laws and regulations and expect our suppliers to do the same. (Barloworld Worldwide Code of Conduct)

We innovate to make our customers more efficient and productive

We innovate to provide customers with products, services and solutions that improve the sustainability of their operations. We leverage technology and customer insight to improve product performance, and promote remanufacturing to extend product life and make our workplaces more productive, safer and more efficient. We support sustainable solutions that protect and preserve the environment while leading to profitable growth for Barloworld and our customers. (Barloworld Worldwide Code of Conduct)


Material aspects

Internally, improving non-renewable energy consumption and greenhouse gas efficiencies, implementation of renewable energy solutions, efficiency-of-use of natural resources, water stewardship and responsible waste management have been identified as material aspects.

We are committed to conducting our operations in an environmentally responsible manner and providing innovative customer solutions that assist our customers to achieve their environmental objectives.

We largely represent Original Equipment Manufacturers (OEMs) and remain mindful of environmental stewardship as we engage with our suppliers and customers in such a manner that every effort is expended in ensuring that the products we represent and our customer solutions comply with the relevant environmental standards and are used in a manner that limits their impact on the environment.

Targets

We have set group-level aspirational targets for each of our identified material aspects to 2020, off a 2015 baseline. These include efficiency improvement targets for non-renewable energy, greenhouse gas emissions and water, as well as renewable energy consumption and responsible waste disposal. While these targets are to the end of our 2020 financial period, progress towards these are monitored and reported on internally.

Monitoring and Reporting

In accordance with our environmental policies, we measure, monitor and report aspects of our business that impact on the environment. Where practicable, we strive to reduce, minimise and offset activities that contribute to climate change. Our reporting is guided by the Global Reporting Initiative’s (GRI). Sustainability Reporting Standards and we also responded to the 2018 CDP Climate Change and CDP Water questionnaires. See also: Barloworld’s alignment to the United Nation’s Sustainable Development Goals.

Governance processes are in place that ensure oversight of environmental aspects and related impacts at a Board level. A quarterly Safety, Health and Environment (SHE) report is tabled and presented to the Group Risk and Sustainability Committee, a sub-committee of the Board of Directors. Divisional Risk and Sustainability Committees adopt a similar oversight role at an operational level.

Reporting systems and assurance processes contribute towards the efficiency and credibility of our environmental reporting. Assurance processes include management reviews, internal audits and independent external limited assurance.