Barloworld is committed to the ongoing creation of shared value for all its stakeholders through the purposeful stewardship of the six capitals and balancing our stakeholders' interests.

Value creation for stakeholders is impacted by the group's Purpose: “Inspiring a world of difference, enabling growth and progress in society”, its three strategic objectives (Deliver top quartile shareholder returns; Drive profitable growth; Instil a high-performance culture), underpinned by its sustainable development framework and its commitment to being a responsible corporate.

Indicators addressed under Environment are covered by our sustainable development framework, our commitment to being a responsible corporate, and the Natural and Social capitals.

Our strategic framework and approach, including strategic objectives and related targets, are endorsed by the board and institutionalised reporting structures ensure board oversight of progress.

Aspirational environmental targets set in 2016 that cover identified material environmental aspects, including energy consumption, emissions, water, and responsible waste disposal, have ended at FYE2020. Appropriate environmental efficiency improvement targets have been implemented for our various operations. Given the diversified nature of our operations, the consumption drivers vary as well as the level of ambition given alternative energy sources. Operationally relevant drivers allow for enhanced operational management of efficiencies. These have been set to the end of FYE2025 and progress against such targets are monitored on a monthly basis and reported quarterly through to the board via the group Social, Ethics and Transformation Committee. Targeted areas aim to address material environmental aspects within the group and its stakeholders, and include efficiency improvements in non-renewable energy consumption, scope 1 and 2 greenhouse gas emissions and water drawn from municipal sources, responsible waste management practices, including reduced waste generation and responsible waste disposal, and transitioning to renewable energy sources.

Barloworld's Worldwide Code of Conduct defines foundational principles of responsible corporate citizenship that include 'Protect the environment’ and sets out the group's five core values. It determines how our aspirations and values are translated into actions and behaviours. Our code of conduct reminds us of the standards to which employees and the group are accountable, and consequently it also informs the group of what is to be regarded as material.

Sustainability, one of our core values includes 'We focus on environmental responsibility and preventing waste'.

Selected environmental data, including our energy by primary source (petrol, diesel, coal, gas, electricity), emissions (scope 1 and 2) and municipal water sources are in scope of the Limited Assurance review conducted by PWC.

The reporting organization shall report the following information: a. Total fuel consumption within the organization from non-renewable sources, in joules or multiples, and including fuel types used. b. Total fuel consumption within the organization from renewable sources, in joules or multiples, and including fuel types used. c. In joules, watt-hours or multiples, the total: i. electricity consumption ii. heating consumption iii. cooling consumption iv. steam consumption d. In joules, watt-hours or multiples, the total: i. electricity sold ii. heating sold iii. cooling sold iv. steam sold e. Total energy consumption within the organization, in joules or multiples. f. Standards, methodologies, assumptions, and/or calculation tools used. g. Source of the conversion factors used.

Integrated Report

The reporting organization shall report the following information: a. Energy intensity ratio for the organization. b. Organization-specific metric (the denominator) chosen to calculate the ratio. c. Types of energy included in the intensity ratio; whether fuel, electricity, heating, cooling, steam, or all. d. Whether the ratio uses energy consumption within the organization, outside of it, or both.

Integrated Report

The reporting organization shall report the following information: a. Amount of reductions in energy consumption achieved as a direct result of conservation and efficiency initiatives, in joules or multiples. b. Types of energy included in the reductions; whether fuel, electricity, heating, cooling, steam, or all. c. Basis for calculating reductions in energy consumption, such as base year or baseline, including the rationale for choosing it. d. Standards, methodologies, assumptions, and/or calculation tools used.

Integrated Report