Massmart staff receive fourth empowerment dividend payout
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Massmart is pleased to announce it has been ranked third, with a score of 90 out of 100, in the Low-Carbon Companies sector of the international Carbon Disclosure Project’s (CDP) South African Report. The report was prepared by Incite Sustainability, who partnered with the National Business Initiative (NBI) to bring the CDP to South Africa. Leading companies are recognised in terms of the quality of their disclosure by way of a ranking system that acknowledges the Top 10 companies in each emissions category.
This ranking comes at the end of a year of great recognition for the Group, in which Massmart was awarded the Best Sustainability Report (Non-Extractive Industries) by the Association of Certified Chartered Accountants (ACCA), named the Top Performer in the 2007 JSE Socially Responsible Investment Index (medium environmental impact category), the winner of the FM Top Companies survey, and the Best Retail Performer in the FM Top Empowerment Companies survey.
Grant Pattison, Massmart’s Chief Executive Officer, said “I am particularly delighted by this recognition, as the Massmart Group has made the development of a robust approach to emissions management a priority. However, we also recognise that we still have work to do if we are to achieve the level of carbon management performance to which we aspire.”
The awards were announced on Wednesday at a function sponsored KPMG, Frater Asset Management, Macquarie and the NBI, and which was attended by the Minister of Environmental Affairs and Tourism, Marthinus van Schalkwyk.
Media release issued by:
Brunswick Group LLP – 011 502 7300
Cecilia de Almeida
083 325 9169
082 802 4265
Media queries should be addressed to:
Group Corporate Affairs Executive
Massmart Holding Ltd
011 517 0000
Notes to Editor
Massmart Holdings is a managed portfolio of nine wholesale and retail chains, and one buying group, each focused on high-volume, low-margin, low-cost distribution of mainly branded consumer goods for cash. The group operates in 14 countries in sub-Saharan Africa through four divisions comprising 243 stores and 574 buying Group members. Massmart’s wholesale and retail brands enjoy high recognition and include Makro, Game, Dion Wired, Builders Warehouse, Builders Express, Builders Trade Depot, CBW, Jumbo Cash and Carry and the Shield buying group.
Since 2000, the UK-based Carbon Disclosure Project (CDP) has challenged the world’s largest companies to measure and report on their carbon emissions to show how the long-term cost and value of climate change has been factored into their investment decisions and growth plans.
The South African CDP Report was first launched in 2007. They strive to honor those South African companies that push the boundaries of carbon disclosure reporting, raising the benchmark for the communication of corporate performance. This year the international CDP was extended to include the Top 100 companies on the JSE.
This year the global CDP office sent questionnaires to 3000 of the world’s largest corporations to in order to garner information on their GHG emissions, their assessment of the risks and opportunities of climate change and their strategies for managing these risks and opportunities.