Management approach

Responsibility for monitoring the scope and quality of sustainability practice rests with the Massmart Sustainability Committee which is a committee of the Massmart board. The committee meets at least twice per year with the objective of reviewing Massmart’s Socially Responsible Investment (SRI) Index, broad-based black economic empowerment and Global Reporting Initiative III performance.

The Group’s sustainability priorities are agreed by the Massmart Executive Committee on the recommendation of the Group Corporate Affairs Executive. In this respect sustainability priorities are identified with primary reference to the detailed criteria that constitute the JSE Limited Socially Responsible Investment (SRI) Index.

Implementation is coordinated by the Group Corporate Affairs Executive who works in close collaboration with divisional line managers. Divisional sustainability practice is regarded as a line management function whilst overall accountability for sustainability performance rests with divisional executive committees. Each division reports their sustainability performance to Massmart Holdings on an annual basis.