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Value for stakeholders

Achieving stakeholder goals


Value for Redefine, means to achieve our stakeholder goals – distributing sustained value to each of these groups over the long term.

We have identified our material stakeholder groups, set clear goals and identified value creation indicators to measure the value we create for them.

Investors and funders
  Source of sustained growth in total return
 

    Full year distribution up 7.0% to 92 cents.
     Re-packaged investor value proposition & increased communication channels.


Employees
  Employer of choice
 

    36 947 man-hours spent on training and development.
    Employee engagement programme include communications and other activities.
     Employee value proposition re-positioned and communicated.


Tenants
  Provider of relevant space
 

    Development of a tenant engagement strategy including a tenant experience programme.
    Internalised retail marketing resources that drives tenant communication and activities to attract shoppers.
    4 398 121 m2 of quality spaces (GLA).
    Over R20 billion of tenant turnover in retail spaces.
    43 Green Star rated buildings.


Brokers and suppliers
  Preferred business partner
 

    National database of over 300 brokers actively engaged with Redefine.
    89% of Redefine’s procurement spend contributed towards empowering suppliers.
    Pro-active broker engagement programme.


Communities
  Responsible community participant
 

    Contributed R3.8 million in the form of corporate social investment activities.
    Created 943 mentorship hours available to future stakeholders through The Mentorship Challenge.
     Revised community engagement strategy to ensure impactful and meaningful contributions to the communities in which we operate.
     Level 4 Black Economic Empowerment (BEE) rating under revised sector codes.


Value distributed
    Positive              Negative              In progress/ongoing

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