| |
|
|
|
| |
|
1.1
|
Vision and Strategy |
F |
V1: 2-3 |
1.2
|
Description of key impacts, risks and opportunities |
NR |
|
|
|
2.1
|
Name of reporting organisation |
F |
Old Mutual (SA) |
2.2
|
Primary brands, products and services |
P |
Life assurance, asset management, investment and savings, healthcare, property investments, corporate solutions, unit trusts (V1: 7) |
2.3
|
Operational structure of the organisation including main
divisions, operating companies, subsidiaries and
joint ventures |
F |
V1: 7 |
| 2.4 |
Location of organisation's headquarters |
NR |
|
| 2.5 |
Number of countries where the organisation operates
and countries with major operations |
|
This report only covers Old Mutual (SA) |
| 2.6 |
Nature of ownership and legal form |
|
Old Mutual (SA) is ultimately owned 100% by Old Mutual plc |
| 2.7 |
Nature of markets served |
NR |
|
|
| Scale of the reporting organisation including: |
| Number of employees |
| Net sales revenues |
| Total capitalisation |
| Quantity of products or services sold |
Total assets
|
Beneficial ownership
|
| Breakdown by country/region: |
| Sales/revenues and costs that make up
5% or more of total revenues |
| Number of employees |
|
|
|
| 15 485 (V3: 7) |
| R73 919 million (V1: 4) |
| N/A |
| |
| R469.9bn in assets under management (V1: 4) |
| Old Mutual plc ultimately owns 100% of Old Mutual (SA) |
| |
V1: 4
|
| V3: 7 |
|
| 2.9 |
Significant changes during the reporting period regarding size, structure and ownership |
|
No changes |
| 2.10 |
Awards received in the reporting period |
|
None |
| |
|
| 3.1 |
Reporting period |
|
Jan 07 – Dec 07 |
| 3.2 |
Date of most recent previous report |
|
2006 |
| 3.3 |
Reporting cycle |
|
Financial year |
| 3.4 |
Contact details |
P |
V1: 34 |
|
| Process for defining report content including: |
| Determining materiality |
| Prioritising topics within the report |
| Identifying stakeholders that will use the report |
|
|
|
| 3.6 |
Boundary of the report |
|
Old Mutual (SA) specific |
| 3.7 |
Limitations on the scope or boundary of the report |
NR |
|
| 3.8 |
Basis for reporting on joint ventures, subsidiaries, leased facilities,
outsourced operations and other entities that can significantly
affect comparability between reporting periods |
NR |
|
| 3.9 |
Data measurement techniques and the basis of calculations,
including assumptions and techniques underlying estimations
applied to the compilation of the indicators and other information
in the report |
NR |
|
| 3.10 |
The effects of and reasons for restatement of information
from earlier reports |
|
N/A |
| 3.11 |
Significant changes from previous reporting periods in the scope, boundary or measurement methods applied in the report |
|
N/A |
| 3.12 |
Table identifying the location of the standard disclosures in the report |
P |
|
| 3.13 |
External assurance |
NR |
|
| |
|
| 4.1 |
Governance structure of the organisation |
F |
|
| 4.2 |
Indicate whether the chair of the highest governance body is also an executive officer |
F |
|
| 4.3 |
For organisations that have a unitary board structure,
state the number of members of the highest governance body
that are independent and/or non-executive members |
P |
V1: 25 |
| 4.4 |
Mechanisms for shareholders and employees to provide
recommendations or direction to the highest governance body |
NR |
|
| 4.5 |
Linkage between compensation for members of the highest
governance body, senior managers and executives, and the
organisation’s performance (including social and
environmental performance) |
NR |
|
| 4.6 |
Processes in place for the highest governance body to ensure
conflicts of interest are avoided |
NR |
|
| 4.7 |
Process for determining the qualifications and expertise of the
members of the highest governing body for guiding the
organisation’s strategy on economic, environmental and
social topics |
NR |
|
| 4.8 |
Internally developed statements of mission or values, codes
of conduct and principles relevant to economic, environmental
and social performance, and the status of their implementation |
P |
V1: 4 |
| 4.9 |
Procedures of the highest governance body for overseeing the
organisation’s identification and management of economic,
environmental and social performance, including relevant risks,
opportunities and adherence or compliance with internationally
agreed standards, codes of conduct and principles |
P |
V1: 27 |
| 4.10 |
Processes for evaluating the highest governance body's
own performance, particularly with respect to economic,
environmental and social performance |
NR |
|
| 4.11 |
Explanation of whether and how the precautionary
approach is addressed |
NR |
|
| 4.12 |
Externally developed economic, environmental and social charters, principles or other initiatives the organisation endorses |
|
| • |
Global Compact Network (V1: 29) |
| • |
JSE Socially Responsible Investment Index (V1: 31) |
| • |
Financial Sector Charter (V1: 11) |
|
| 4.13 |
Memberships in industry associations and national/international advocacy organisations |
F |
| • |
MD serves as the Life Office Association Deputy Chair (V1: 22) |
| • |
Two board members are trustees of WWF (V1: 30) |
|
| 4.14 |
List of stakeholder groups engaged by the organisation |
F |
V1: 22 |
| 4.15 |
Basis for identification and selection of stakeholders with
whom to engage |
NR |
|
| 4.16 |
Approaches to stakeholder engagement, including frequency
of engagement by type and by stakeholder group |
F |
V1: 22 |
| 4.17 |
Key topics and concerns that have been raised through
stakeholder engagement and how the organisation has responded to those key topics and concerns, including through its reporting |
NR |
|
| |
|
| EC1 |
Direct economic value generated and distributed, including
revenues, operating costs, employee compensation, donations
and other community investments, retained earnings, and
payments to capital providers and governments. |
F |
Value-added statement (V1: 4) |
| EC2 |
Financial implications and other risks and opportunities for the
organisation's activities due to climate change. |
NR |
|
| EC3 |
Coverage of the organisation's defined benefit plan obligations. |
NR |
|
| EC4 |
Significant financial assistance received from government. |
|
N/A |
| EC5 |
Range of ratios of standard entry-level wage compared to
local minimum wage at significant locations of operation. |
NR |
|
| EC6 |
Policy, practices, and proportion of spending on locally based suppliers at significant locations of operation. |
F |
Affirmative procurement spend - R2.484bn (V1: 4) V1: 12 |
| EC7 |
Procedures for local hiring and proportion of senior management hired from the local community at locations of significant operation. |
F |
V1: 4
V1: 11
|
| EC8 |
Development and impact of infrastructure investments and services provided primarily for public benefit through commercial,
in kind or pro bono engagement. |
F |
V2: 9-16 |
| EC9 |
Understanding and describing significant indirect economic impacts, including the extent of impacts. |
P |
V3: 5-7, 17 |
| |
|
| EN1 |
Materials used by weight or volume. |
NR |
|
| EN2 |
Percentage of materials used that are recycled input materials. |
NR |
|
| EN3 |
Direct energy consumption by primary energy source. |
F |
Diesel used in litres (V1: 32)
Electricity consumption in kWh (V1: 32) |
| EN4 |
Indirect energy consumption by primary energy source. |
NR |
|
| EN5 |
Energy saved due to conservation and efficiency improvements. |
P |
Installation of a web-enabled energy management system (V1: 32) |
| EN6 |
Initiatives to provide energy efficient /renewable energy based products and services, and reductions in energy requirements as a
result of these initiatives.
|
|
N/A |
| EN7 |
Initiatives to reduce indirect energy consumption, and reductions achieved. |
NR |
|
| EN8 |
Total water withdrawal by source. |
F |
V1: 32 |
| EN9 |
Water sources significantly affected by withdrawal of water. |
|
|
| EN10 |
Percentage and total volume of water recycled and reused. |
NR |
|
| EN11 |
Location and size of land owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside
protected areas. |
NR |
|
| EN12 |
Description of significant impacts of activities, products and services on biodiversity in protected areas and areas of high
biodiversity value outside protected areas. |
NR |
|
| EN13 |
Habitats protected or restored. |
NR |
|
| EN14 |
Strategies, current actions, and future plans for managing impacts on biodiversity. |
NR |
|
| EN15 |
Number of IUCN Red List Species and national conservation list species with habitats in areas affected by operations, by
level of extinction risk. |
NR |
|
| EN16 |
Total direct and indirect greenhouse gas emissions by weight. |
NR |
|
| EN17 |
Other relevant indirect greenhouse gas emissions by weight. |
NR |
|
| EN18 |
Initiatives to reduce greenhouse gas emissions and reductions achieved. |
NR |
|
| EN19 |
Emissions of ozone-depleting substances by weight. |
NR |
|
| EN20 |
NOX, SOX and other significant air emissions by type and weight. |
|
N/A |
| EN21 |
Total water discharge by quality and destination. |
|
N/A |
| EN22 |
Total weight of waste by type and disposal method. |
NR |
|
| EN23 |
Total number and volume of significant spills |
|
N/A |
| EN24 |
Weight of transported, imported, exported, or treated waste
deemed hazardous under the terms of the Basel Convention
Annex I, II, III, and VIII, and percentage of transported waste
shipped internationally |
|
N/A |
| EN25 |
Identify size, protected status, and biodiversity value of
water bodies and related habitats significantly affected by the
reporting organisation's discharges of water and runoff. |
|
N/A |
| EN26 |
Initiatives to mitigate environmental impacts of products and services, and extent of impact mitigation. |
P |
|
| EN27 |
Percentage of products sold and their packaging materials that are reclaimed by category. |
|
N/A |
| EN28 |
Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental
laws and regulations. |
NR |
|
| EN29 |
Significant environmental impacts of transporting products and
other goods and materials used for the organisation's operations,
and transporting members of the workforce. |
NR |
|
| EN30 |
Total environmental protection expenditures and investments
by type. |
NR |
|
| |
|
| |
|
| LA1 |
Total workforce by employment type, employment contract, and region. |
P |
Permanent staff members in Old Mutual (SA) - 14 069 (V3: 7) |
| LA2 |
Total number and rate of employee turnover by age group, gender and region. |
P |
V3: 7 |
| LA3 |
Benefits provided to full-time employees that are not provided to temporary or part-time employees, by major operations. |
NR |
|
| LA4 |
Percentage of employees covered by collective bargaining agreements. |
F |
V3: 9 |
| LA5 |
Minimum notice period(s) regarding operational changes, including whether it is specified in collective agreements. |
NR |
|
| LA6 |
Percentage of total workforce represented in formal joint
management-worker health and safety committees that help
monitor and advise on occupational health and safety
programmes. |
P |
V3: 10 |
| LA7 |
Rates of injury, occupational diseases, lost days and absenteeism, and number of work-related fatalities by region. |
P |
During 2007, 31 staff members were treated for on-site injuries (V3: 10) |
| LA8 |
Education, training, counselling, prevention and risk-control programmes in place to assist workforce members, their families, or community members regarding serious diseases. |
P |
Employee well-being programme and HIV/AIDS counselling and psychological treatment services (V3: 5) |
| LA9 |
Health and safety topics covered in formal agreements with
trade unions. |
NR |
|
| LA10 |
Average hours of training per year per employee, by employee
category. |
NR |
|
| LA11 |
Programmes for skills management and lifelong learning that
support the continued employability of employees and assist
them in managing career endings. |
P |
V3: 8-9 |
| LA12 |
Percentage of employees receiving regular performance and
career development reviews. |
NR |
|
| LA13 |
Composition of governance bodies and breakdown of employees per category according to gender, age group, minority group membership, and other indicators of diversity. |
P |
Six members of the Board are black and there are three women on the Board. Two members of the board are black women (V1: 25); V1: 4; V3: 6-7 |
| LA14 |
Ratio of basic salary of men to women by employee category. |
NR |
|
| |
|
| HR1 |
Percentage and total number of significant investment
agreements that include human rights clauses, or that have
undergone human rights screening. |
NR |
|
| HR2 |
Percentage of significant suppliers and contractors that have
undergone screening on human rights, and actions taken. |
NR |
|
| HR3 |
Total hours of employee training on policies and procedures concerning aspects of human rights that are relevant to operations,
including the percentage of employees trained. |
NR |
|
| HR4 |
Total number of incidents of discrimination, and actions taken. |
P |
48 CCMA disputes, of which 46 rulings were in favour of Old Mutual (V3: 9) |
| HR5 |
Operations identified in which the right to exercise freedom of
association and collective bargaining may be at significant risk,
and actions taken to support these rights. |
NR |
|
| HR6 |
Operations identified as having significant risk for incidents of
child labour, and measures taken to contribute to the elimination
of child labour. |
|
N/A |
| HR7 |
Operations identified as having significant risk for incidents of
forced or compulsory labour, and measures taken to contribute
to the elimination of forced or compulsory labour. |
|
N/A |
| HR8 |
Percentage of security personnel trained in the organisation's
policies or procedures concerning aspects of human rights that
are relevant to operations. |
|
N/A |
| HR9 |
Total number of incidents of violations involving rights of
indigenous people, and actions taken. |
|
N/A |
| |
|
| SO1 |
Nature, scope and effectiveness of any programmes and practices that assess and manage the impacts of operations on communities,
including entering, operating and exiting. |
F |
V3: 11-15 |
| SO2 |
Percentage and total number of business units analysed for risks
related to corruption. |
NR |
|
| SO3 |
Percentage of employees trained in organisation's anti-corruption
policies and procedures. |
P |
V1: 27 |
| SO4 |
Actions taken in response to incidents of corruption. |
NR |
|
| SO5 |
Public policy positions and participation in public policy
development and lobbying. |
NR |
|
| SO6 |
Total value of financial and in-kind contributions to political parties, politicians, and related institutions by country. |
F |
The company does not support political parties with financial donations or in-kind contributions (V1: 27) |
| SO7 |
Total number of legal actions for anti-competitive behaviour, anti-trust, and monopoly practices and their outcomes. |
|
None |
| SO8 |
Monetary value of significant fines and total number of
non-monetary sanctions for non-compliance with laws
and regulations. |
|
None |
| |
|
| PR1 |
Life cycle stages in which health and safety impacts of products
and services are assessed for improvement, and percentage of
significant products and service categories subject to such
procedures. |
|
N/A |
| PR2 |
PR2: Total number of incidents of non-compliance with
regulations and voluntary codes concerning health and safety
impacts of products and services during their life cycle,
by type of outcomes. |
|
N/A |
| PR3 |
Type of product and service information required by procedures
and percentage of significant products and services subject to
such information requirements. |
NR |
|
| PR4 |
Total number of incidents of non-compliance with regulations
and voluntary codes concerning product and service information
and labelling, by type of outcomes. |
NR |
|
| PR5 |
Practices related to customer satisfaction, including results of
surveys measuring customer satisfaction. |
P |
V1: 15 |
| PR6 |
Programmes for adherence to laws, standards, and voluntary
codes related to marketing communications, including
advertising, promotion and sponsorship. |
NR |
|
| PR7 |
Total number of incidents of non-compliance with regulations and NR
voluntary codes concerning marketing communications,
including advertising, promotion and sponsorship by
type of outcomes. |
NR |
|
| PR8 |
Total number of substantiated complaints regarding breaches
of customer privacy and losses of customer data. |
NR |
|
| PR9 |
Monetary value of significant fines for non-compliance with
laws and regulations concerning the provision and use
of products and services. |
NR |
|
 |
|
|
|
