X
Investor Relations

Responsible corporate citizenship

Waco International is committed to transparent and responsible corporate citizenship and working towards the United Nations Sustainable Development Goals (SDG). Implementing this across all levels and every step of the value chain is our purpose.

Waco International SDG Goals

With four core activities, over 130 branches and more than 8 652 employees, sustainability means simultaneously striving for economic, social and environmental goals in a way that gives these goals equal priority. We want to create enduring value, provide good working conditions and handle the environment and resources with care. Waco International aims to link its responsible corporate citizenship and the activities in the individual focus areas ever more closely by aligning with these United Nations Sustainable Development Goals.

ACTIONS

Environmental action 1

Environmental management is governed by a Group environmental policy and annual environmental plans developed by each business. An environmental peer group comprising operational executives responsible for safety, health and environment (SHE) ensures that the operators’ SHE management plans are compatible with the Group policy and best practice is shared across the Group.

-

Health and safety action

Waco International aims to achieve zero harm in the work environments under its control and supervision. The Group instils a values-based, common sense approach to safety to achieve its goal of zero harm.

Waco’s LTIFR target of 0.5 is lower than internationally accepted norms. 2021 LTIFR: 0.42

Human resources action

Waco International’s ability to attract, retain and develop human capital throughout the Group supports the achievement of its strategic goals. The employee value proposition combines transparency and engagement, fair remuneration, training and development. Management owns 11.94% of the Group’s ordinary shares, which ensures their continued alignment with the strategy. Waco’s training and development initiatives are aimed at all employees.

See the commitment of Waco International to development of employees.

Transformaction action

Transformation is a strategic imperative for Waco International.

Black ownership: 46.49% BEE: Level 2

Environment action 2

Waco International accepts its responsibility to protect environmental resources and endeavours to minimise its impact with monitoring, incident reporting and continuous operational effi ciency improvement. The Group recognises that it can reduce costs by lowering its consumption of fuel, power and raw materials.

Major incidents: 0

Innovation action

Waco International accepts its responsibility to protect environmental resources and endeavours to minimise its impact with monitoring, incident reporting and continuous operational effi ciency improvement. The Group recognises that it can reduce costs by lowering its consumption of fuel, power and raw materials.

Innovation register examined by peers

Corporate social investment action

The Group revised its approach to corporate social investment (CSI) to ensure long-term sustained interventions rather than “handouts”. CSIs are allocated to projects that support communities in need, employ workers from communities near the Group’s operations and participate in the upliftment of local communities.

The Waco International Charitable Foundation, established in 2007 with a donation from management, aims to provide the children of permanent full-time employees with tertiary education bursaries. More than 100 students have benefi ted since the foundation’s inception.

Bursaries to the value of R5.8 million