Our approach to sustainability
Naspers’ approach to sustainability is rooted in a detailed understanding of the factors that make it such a critical issue. Among others, these factors include:
Our core competencies and values guide our sustainable development framework, underpinned by an understanding of the concerns of material stakeholders. These tie into our risk management processes, which integrate financial and non-financial risk identification, management and monitoring for the most significant subsidiaries.
We aim to make Naspers a sustainable business, not only in terms of the environment, but also in terms of sustainable profits. We view this process as a journey not a destination, and we endeavour to ensure that our values and philosophy on sustainable development demonstrate this. Our goal is to integrate sustainability into our operations, as business’ place in society develops.
We create communities, package content and run platforms. We connect people, distribute media products and conduct ecommerce. Our products and services play a developmental role in the markets where we operate.
As a responsible corporate citizen, we give back to the communities in which we operate. Through numerous projects, our group companies touch the lives of thousands of people around the world.
By using our expertise we are addressing challenges such as education, skills development and environmental sustainability. Our aim is to improve the living conditions of our employees, their families and the communities in which we operate, ultimately balancing profit, people and planet.
The Naspers board determines strategy and is ultimately responsible for overseeing our group’s performance. Management teams across our businesses implement these strategies, guided by the group’s code of ethics and business conduct.
Naspers reports annually to stakeholders on performance through an integrated annual report that combines financial and non-financial performance for a fuller understanding of our group.
The board is responsible for the integrity of the integrated reporting. It tasks the audit and risk committees to oversee sustainability issues in the integrated report and assists the board in its review by ensuring information is reliable and comparable to financial results.