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| ENVIRONMENTAL CONTINUED |
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| Indirect environmental impacts |
| The Brait group recognises that as a financial services institution its
most significant environmental risk may arise indirectly from the
environmental impact of third parties such as its clients, investors and
business partners. Indirect risks have the potential to cause financial
losses and reputational damage. |
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| Clients, investors and business partners |
| Brait addresses the indirect environmental impact of its investor, and
investee companies, with a stringent set of guidelines designed
specifically for the Private Equity Funds under the management and
administration of the group. Brait, as the fund manager, requires that
its activities and those of the investee companies in which the funds have or will have an investment, comply with all applicable
environmental laws and regulations of the host country and any other
countries in which the investee companies may have an operation. In
addition, the World Bank/IFC safeguard policies and guidelines are
used, in the environmental impact assessment process. Where the
environmental risk is considered to be material, a detailed risk
assessment and mitigation is required, which would typically entail
environmental impact studies undertaken by suitably qualified,
independent assessors. |
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| Illovo Property Owners’ Association |
| Due to the sale of the Johannesburg office premises (including the land
and buildings), by the group during the period under review, Brait is no
longer directly represented in the Illovo Property Owners' Association,
but is represented on the board of the Illovo Boulevard Management
District via their landlord's representative. This association addresses,
inter alia, the environmental impact of its members and neighbours on
its direct surroundings. |
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| Procurement and supply chain |
| The facilities manager continues to source suppliers who meet certain
specified minimum environmental requirements, by practising their inhouse
environmental policies, re-cycling, utilising environmentallyfriendly
products, etc, and to promote black economic empowerment
through the supply chain. Brait is in the process of modifying the
procurement guidelines to include key environmental and social
aspects in the evaluation processes, and procurement questionnaires
will be updated to stimulate greater environmental responsibility. |
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| Compliance |
The group has not incurred any fines or penalties for non-conformance
or non-compliance with environmental regulations during the period
under review.
The Brait group constantly strives to improve on its sustainability and
non-financial reporting, on an ongoing basis. In light of this, we value
any feedback, recommendations and/or suggestions regarding content
that would add to the value of future reports, from our stakeholders.
Please feel free to contact us with your comments and suggestions on
Brait's sustainability reporting as follows:
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| Luxembourg |
South Africa |
Mauritius |
| Myriam Jacoby |
Veronica Boswell |
Dhanraj Boodhoo |
| Experta Luxembourg S.A. |
Brait South Africa Limited |
Brait International Limited |
| 180, rue de Aubépines |
Private Bag X1 |
Suite 509-510 |
| L-1145, Luxembourg |
Northlands |
St James Court |
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Johannesburg, 2116 |
St Denis Str |
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South Africa |
Port Louis |
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Mauritius |
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| Tel +352 269255 2180 |
Tel +27 11 507 1230 |
Tel+230 213 6909 |
| Fax +352 269255 3642 |
Fax +27 11 507 1231 |
Fax +230 213 6913 |
| Email myriam.jacoby@experta.lu |
Email vboswell@brait.com |
Email d.boodhoo@brait.intnet.mu |
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