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.
Source of sustained growth in total return
Investors and funders
Full year distribution up 7.0% to 92 cents.
Re-packaged investor value proposition & increased communication channels.
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.
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.
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.
Positive Negative In progress/ongoing