| Sustainability |
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Steinhoff recognises the importance of balancing its long-term business sustainability requirements against the short-term focus necessary to survive in the modern, global business world. Accordingly, we have developed, and continuously refine, strategies and policies that contribute to the sustainable development of our group, to ensure that both the financial and the non-financial aspects of our businesses are appropriately evaluated and responsibly managed.
The main pillars of Steinhoff’s approach towards ensuring sustainability are our strategic focus on our people, investment in the communities in which we operate, environmental issues and resources, health and safety and identifying and managing risk. The group’s R1,5 billion greenfields investment in the North East Cape, detailed on page 82, typifies our strategy on sustainability in
practice.
Our people: Who we are and where we are going
The contribution made by our people is vital to our continued success.
Human capital development has been incorporated into all the group’s operations to achieve our vision of being a world-class manufacturer, supplier and retailer of household goods and motor vehicles and a designer and provider of effective, customer-centric logistics solutions and services.
The skills and dedication of our employees have contributed to our successes to date and provide a solid foundation for future growth. As a responsible employer, we are committed to ensuring that our employees worldwide work in an environment that actively fosters development and growth, recognises and appropriately rewards individual performance and assists employees to reach their full potential.
HUMAN RIGHTS
Non-discrimination, employment equity and freedom of association are entrenched throughout our policies. The group does not tolerate any form of discrimination based on religious or other beliefs, nationality, gender or race. Harassment of any form of fellow employees is viewed seriously and, should this occur, appropriate disciplinary action would be taken.
HUMAN CAPITAL
As at 30 June 2007, the group had approximately 45 000 employees world-wide. This level of employment has a significant impact on the societies and economies of some developing countries in which we operate and assists in building a strong customer and supplier base going forward.The group is committed to complying with all employment-related legislation in the countries in which it operates.
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| Our approach to sustainability is one that includes the basic principles: transparency, integration, opportunity, integrity, recognition, good
governance and continuous improvement. |
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