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Corporate responsibility overview

Our operations are underpinned by sound financial principles, and are entrenched by corporate governance policies and procedures and an overall focus on the sustainability of our businesses.

Steinhoff International’s business strategy has, since its listing in 1998, remained relevant and capable of delivering on stakeholder expectations. The balance achieved between geographical and operational markets has proved to be the cornerstone of 12 years of achievement.

The group operates in a dynamic global environment that is subject to constant change. We have the ability to react to ever-changing conditions through our proven strategies and sound corporate structure. We have thus been able to weather the turbulence that continues to influence world economies. Our operations are underpinned by sound financial principles, supported by corporate governance policies and procedures and an overall focus on the sustainability of our businesses.

We are fully aware of our responsibilities toward:

  • our employees – to value them and create the most suitable environment in which they can add value;
  • the natural resources on which we are dependant; and
  • our businesses, shareholders, customers, business partners and the communities in which we operate.

Being a responsible corporate citizen we subscribe to the recommendations of the King Report on Corporate Governance and have done so for many years. We have also been included in the JSE's Social Responsibility Index.

At a group level risk management addresses issues of skills retention, sustainable supply of raw materials, environmental management, health and safety and ethical risks. In addition, each division and operational entity has the freedom to concentrate on sustainability concerns pertinent to their individual business. The divisions remain cognisant of the requirements of the communities they serve and it’s because of this that certain operations are at the centre of many of the groups’ sustainability efforts. It is also at operational level where risks control initiatives include safety management, security, fire defence and quality control initiatives.

View our three pillars of sustainability: People, planet and profit