18 September 2020 - Our consistent ranking is a testament to our commitment to the highest standards of environmental, social and governance reporting and ethical approaches in our disclosures. It also underscores our approach to integrated thinking and the partnerships we share with our stakeholders by presenting information in an engaging and transparent manner. A top 10 honouree since 2015, Redefine has made it two in a row with a third place with honours ranking this year in the latest EY Excellence in Integrated Reporting awards for the top 100 JSE-listed companies.
Our integrated report celebrates our efforts to improve the built environment for people and communities by creating, managing, and investing in spaces in a manner that changes lives. The report has grown to become a crucial tool in communicating to our stakeholders, the material economic, social and environmental impacts, risks and opportunities in building a sustainable business. Redefine was yet again the only REIT in the top 10.
The purpose of the awards is to encourage and benchmark standards of excellence in the quality of integrated reporting to investors and other stakeholders in South Africa’s listed company sector. The awards are based on how well companies explain to stakeholders how they create value over time.
The recognition strengthens our resolve to further embed key sustainability issues in our strategy and present information in a manner that enables stakeholders to analyse and assess our ability to create and sustain value in the medium- to long-term horizon.
Property is our business, but our values run deep into our ethical foundation like roots. Our emphasis on monitoring, measuring and reporting on our ESG obligations has allowed us to thrive and enabled Redefine to be transparent and accurate in reporting into all aspects of performance. It also guides the strategic choices we make and enables us to stay on course to deliver sustainable value.
According to the adjudicators, the best reports provide an understanding of short- to long-term risks while providing an excellent description of the group’s business model, including primary business activities as well as the outcomes.
While we have developed our ESG strategy over the past few years, the COVID-19 pandemic has underscored the importance of embedding ESG considerations in our business strategy to ensure sustainability and has prompted us to accelerate the execution thereof.
The recognition once again demonstrates our leadership in integrated reporting and highlights our commitment to transparency, disclosure and value creation. We are deeply encouraged and will continue to integrate sustainability considerations into everything we do.