Page 34 - MiNDSPACE Issue 2 2022 - Old Mutual Corporate

responsible business expertSPACE
Business,
but better
Every organisation exists in a broader ecosystem. To be a meaningful, sincere part of that ecosystem, you have to be a responsible business. There is no other way to operate.
By Prabashini Moodley
For us, at Old Mutual Corporate, responsible business is about sustainability. It speaks directly to our reason for being and to our purpose, which is about servicing our clients, becoming their first choice and helping them to achieve their lifetime financial goals.
To stay true to our vision and purpose, we must be sustainable. And to be sustainable, we must be responsible.
Old Mutual Corporate is part of a vast group, one of South Africa’s largest financial services companies. This enables
us to use our size to drive transformation in the South African environment through our procurement practices, our B-BBEE scores, our enterprise-supplier development work and through our focus on enabling small and medium enterprises (SMEs).
Prabashini Moodley
is Managing Director
of Old Mutual Corporate and has more than
20 years’ experience in the financial services industry. Africa.com included her in their Definitive List of Women CEOs in 2021 and 2022. This list is compiled annually to celebrate the continent’s female corporate leaders.
INVESTING IN TOMORROW TODAY
At an Old Mutual Limited level, we use an environmental, social and governance (ESG) framework to guide our sustainability efforts. ‘Social’ here stands for transformation – this is, the economic transformation of South Africa. It is significant, because you have to look at the sustainability of the ecosystem in which you operate. As you go broader, this ultimately encompasses the whole world. That’s why environmental issues like climate change are so relevant to this conversation.
In terms of investment and long-term sustainability, climate change is the largest issue facing the world. South Africa is a carbon-intensive economy, which emphasises our need to be responsible in how we support ways to reverse business’s effect on the environment, while balancing it with the effect on our economy and our society. To that end, the Old Mutual Group has joined both the Net-Zero Asset Owner Alliance and the Net Zero Asset Managers Alliance.
We take responsible investment seriously, ensuring that we look after our fund members’ money while putting it to use in places that will help society. Our purpose is
to help people achieve their lifetime financial goals. This means that we are custodians of a large part of their finances, which in turn makes us custodians of a massive share
of assets.
The key to delivering the desired returns lies in how we invest and how we responsibly oversee our investments. Old Mutual Corporate predominantly utilises the Old Mutual
32 | oldmutual.co.za/corporate
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