Creating memorable moments. Crafting a better future.
SUSTAINABILITY REPORT 2022
OUR STRATEGY | OUR | MAKING A | MESSAGES FROM | |||||||
01 | ABOUT OUR | 02 WE ARE DISTELL | 03 | 04 | 05 | POSITIVE IMPACT | 06 | |||
AND FOCUS | SUSTAINABILITY | |||||||||
REPORT | ALONG OUR | OUR LEADERSHIP | ||||||||
AREAS | PERFORMANCE | VALUE CHAIN | ||||||||
CONTENTS
- ABOUT OUR REPORT
- WE ARE DISTELL
- OUR STRATEGY AND FOCUS AREAS
16 OUR SUSTAINABILITY PERFORMANCE
23 MAKING A POSITIVE IMPACT ALONG OUR VALUE CHAIN
- MESSAGES FROM OUR LEADERSHIP
- GOVERNING SUSTAINABILITY
- ENGAGING WITH OUR STAKEHOLDERS
- OUR OPERATING CONTEXT
53 ADVANCING A CULTURE OF RESPONSIBLE DRINKING
62 UPLIFTING LIVELIHOODS
83 HAVING A POSITIVE ENVIRONMENTAL IMPACT
98 EMPOWERING OUR PEOPLE
111 THE DISTELL DEVELOPMENT TRUST
NAVIGATING THIS REPORT
To make it easier to read and engage with content in this report, we have included interactive tools:
Return to the | Access additional | Read more within | Download |
home page | info on the web | this report |
FEEDBACK
Your feedback is important, and we welcome your input to enhance our reporting. Please send your comments to info@distell.co.za.
We actively participate in various national and global industry associations and voluntary initiatives to advance leading environmental, social and governance conduct in our business activities.
We are recognised for our leading practices by independent ESG rating and research agencies.
DRIVING SUSTAINABLE ECONOMIES
APPROVAL
The social and ethics committee reviewed detailed reports on the matters discussed in this report. The committee is satisfied that Distell is fulfilling its social and ethical obligations as a good corporate citizen. The committee reviewed this report and believes it fairly reflects Distell's sustainability performance for FY22.
Gugu Dingaan
Chairperson: Social and ethics committee
The products mentioned in this report are not for sale to persons under 18. We appeal to all consumers who choose to drink alcohol to enjoy our products responsibly.
23 September 2022
OUR STRATEGY | OUR | MAKING A | MESSAGES FROM | ||||||||
: | 01 | ABOUT OUR | 02 WE ARE DISTELL | 03 | 04 | 05 | POSITIVE IMPACT | 06 | |||
AND FOCUS | SUSTAINABILITY | ||||||||||
REPORT | ALONG OUR | OUR LEADERSHIP | |||||||||
AREAS | PERFORMANCE | VALUE CHAIN | |||||||||
ABOUT OUR REPORT
Distell is a company with deep roots in South Africa and a growing African and international presence. We are Africa's leading producer and marketer of ciders, RTDs, spirits and wines, enjoyed responsibly by people across the world. The value we create enriches the lives of our employees, shareholders, customers, consumers and the communities in which we live
and operate.
SUSTAINABILITY REPORT
Our sustainability report provides insight into material sustainability issues we face, including matters vital to our future prosperity. It is aimed at a wide range of stakeholders who influence our business and those interested in our ESG impacts.
ESG APPENDIX
SCOPE AND BOUNDARY
Our sustainability report covers the non- financial performance of Distell Group Holdings Limited (Distell or the Group) for the financial year ended 30 June 2022 (FY22 or the year). It relates to our South African operations only, unless otherwise indicated. We have an extensive worldwide distribution network supported by local production capability, joint ventures, and associate partnerships.
HOW WE REPORT TO OUR STAKEHOLDERS
We are committed to reporting transparently on matters that impact our business and how we impact the world around us. This is important to assure our stakeholders that we understand the environmental, social and governance (ESG) risks and opportunities that could affect our ability to execute our strategy effectively.
Our reporting suite aims to provide a comprehensive set of disclosures that meet our stakeholders' broad and growing information needs. We continually refine our reporting approach to align with the shifting global reporting landscape and better practice.
Our ESG appendix provides a comprehensive set of environmental, social and governance metrics, with a multi-year view - taking guidance from the Global Reporting Initiative's (GRI) Sustainability Reporting Standards. The appendix also includes an overview of our application of the Ten Principles of the UN Global Compact (UNGC) and insight into our journey to report comprehensively against relevant and credible international frameworks. These frameworks include the recommendations of the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB) Standards.
INTEGRATED REPORT
Our integrated report, which includes our summarised consolidated annual financial statements, is aimed at all our stakeholders but particularly our shareholders and the local and offshore investment community that provides our financial capital.
OUR MATERIALITY APPROACH
We continue to track emerging ESG reporting developments, such as the launch of the International Sustainability Standards Board, the increasing alignment of ESG reporting frameworks and standards, and the publication of the JSE Sustainability and Climate Disclosure Guidance. We also note discussions around double materiality and determining what sustainability-related information should be disclosed.
When determining content for our sustainability report, we are primarily guided by our strategy and the key areas along our value chain where we believe we have the biggest environmental and social impact. We use the United Nations Sustainable Development Goals (SDGs) to ensure we align our efforts with the global development agenda. We track performance against our foundational and primary SDGs.
Read more in the 'Our strategy and focus areas' section on page 10.
In line with increasing interest in information useful to assess enterprise value, we are expanding our disclosure to include more investor-focused information in line with the reporting requirements of the TCFD and SASB.
Refer to our ESG appendix for more information. Please supply URL for this link
Looking ahead, we will continue to take steps to ensure that the information we provide to our stakeholders is fit-for-purpose. We welcome the publication of local reporting guidance provided by the JSE and look forward to the opportunities this will create to collaborate with other businesses across South Africa and learn from one another as we advance on our ESG reporting journey.
SUMMARISED CONSOLIDATED ANNUAL FINANCIAL STATEMENTS
Our summarised consolidated annual financial statements, notice to shareholders and separate proxy form provide information to enable shareholders to participate in the annual general meeting (AGM).
COMPLETE ANNUAL FINANCIAL STATEMENTS
Our complete annual financial statements provide a comprehensive report of the Group's financial performance for the year.
STATEMENT OF COMPLIANCE WITH THE KING IV REPORT ON CORPORATE GOVERNANCE™
Our statement of compliance with the King IV Report on Corporate Governance™ for South Africa, 2016 (King IV) provides an overview of our compliance with King IV.
- Copyright and trademarks are owned by the Institute of Directors in South Africa NPC and all of its rights are reserved.
- As described by the JSE Sustainability and Climate Disclosure Guidance, 'double materiality' requires organisations to report both on how sustainability matters affect the entity, and on the impacts of the activities of the organisation on people and the environment. In terms of 'double materiality', risks to the undertaking and the impacts of the undertaking each represent one materiality perspective.
Distell Sustainability Report 2022 | 01 |
OUR STRATEGY | OUR | MAKING A | MESSAGES FROM | |||||||
01 | ABOUT OUR | 02 WE ARE DISTELL | 03 | 04 | 05 | POSITIVE IMPACT | 06 | |||
AND FOCUS | SUSTAINABILITY | |||||||||
REPORT | ALONG OUR | OUR LEADERSHIP | ||||||||
AREAS | PERFORMANCE | VALUE CHAIN | ||||||||
ABOUT OUR REPORT CONTINUED
Distell's internal audit team again collaborated with our sustainability team to review and verify the information contained in key sections of this report - focusing on our five primary focus areas. We are pleased to see that ongoing collaboration between the cross-functional teams, underpinned by a strong methodology and framework, continue to result in improved accuracy and validity of the information reported.
Kumeren Pillay
Distell chief audit executive
We adhere to the principle of combined assurance
We follow an audit trail for non-financial disclosures and performance data and validate this information through an internal audit process:
1 | 2 | 3 | 4 | 5 | ||||
Our sustainability team works with various stakeholders to gather qualitative and quantitative data for the past financial year and identify future focus areas.
Once compiled, the team submits a portfolio of evidence to internal audit, which works independently to check the accuracy and validity of the information.
Internal audit reports any queries to our sustainability team, who ensures areas of concern are fixed before finalising the report and making it publicly available to our stakeholders.
Internal audit then submits the report to our audit committee, which provides a rating reflecting the report's audit opinion and risk profile. The team uses this information to improve the accuracy of our sustainability report year on year.
This is the eleventh year our sustainability report has been reviewed by internal audit. We have received a 'very good' rating for the last five years. This rating means that report controls are adequate and provide reasonable assurance that content is accurate and valid.
This year, Distell's internal audit team mapped out the controls that support our ESG reporting and formally integrated ESG into the Group's combined assurance programme.
Refer to our ESG appendix for more information. Please supply URL for this link
In addition to our robust internal audit process, we seek third-party assurance on information required for statutory compliance to ensure this information is independently assessed and verified. This includes:
- Our broad-based black economic empowerment (B-BBEE) performance, which was independently assessed and verified by AQRate
- Certain environmental information, including our greenhouse gas (GHG) emissions
Refer to our integrated report for a full list of our accreditations and certifications. Please supply URL for this link
02 | Distell Sustainability Report 2022 |
OUR STRATEGY | OUR | MAKING A | MESSAGES FROM | ||||||||
: | 01 | ABOUT OUR | 02 WE ARE DISTELL | 03 | 04 | 05 | POSITIVE IMPACT | 06 | |||
AND FOCUS | SUSTAINABILITY | ||||||||||
REPORT | ALONG OUR | OUR LEADERSHIP | |||||||||
AREAS | PERFORMANCE | VALUE CHAIN | |||||||||
Distell Sustainability Report 2022 | 03 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Distell Group Holdings Limited published this content on 23 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2022 15:42:05 UTC.