23
August
2021
|
09:00
Europe/Amsterdam

Media24 greens its business in response to pandemic

Carbon neutrality among commitments from South African media company

Media24 is South Africa’s leading print and digital media company. Its purpose is to build communities through excellent journalism, smart technology and innovative services – but that isn’t the only way it wants to make a difference in the world. In fact, the company has taken time during the pandemic to ensure its operations are robustly sustainable.

Carbon neutral operations

One major way Media24 has seized the initiative is in mitigating its carbon emissions. Through auditing carbon emissions, as part of the Naspers process, the company is measuring, monitoring and improving its carbon footprint (Scope 1–3). The expectation is for year-on-year reductions. The company is already carbon neutral in 2021.

As part of a Naspers initiative, the company invests in carbon emission reduction projects to help meet its goal. Media24 has partnered with the South Pole Group to purchase carbon credits to offset scope 1 and 2 emissions that result from direct consumption of electricity, diesel, petrol, and natural gas. 

By choosing to invest in carbon emission reduction projects that enable local communities to transition to a lower carbon economy, these credits go even further in reducing the unsustainable amount of carbon generated globally. 

Other energy-efficiency measures include installing energy-efficient/ motion-activated lighting in all owned buildings and including solar power as part of the plans for the company’s new Gauteng head office in Randburg.

Fewer materials, less waste

Media24 has an ongoing program to collect unsold newspapers and magazines to be pulped and recycled. When the pandemic hit in 2020, it changed ways of working and within its own offices, the company has taken this opportunity to reduce its dependence on printed materials. It has also introduced biodegradable packaging for printed subscriber copies where viable. 

Other measures taken to create a more sustainable company include reducing air travel, and shifting the emphasis of its well-established staff-run corporate social investment (CSI) projects to food security by supporting feeding schemes and community food gardens.

Of the initiatives the company has taken to strengthen its sustainability profile, CEO Ishmet Davidson said, “We have built a strong foundation for the next phase of our journey of sustainable profitability in an increasingly digital world.”

Boilerplate

About Naspers:

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.

In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and e-commerce companies in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business.

Naspers is also focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion investment targeting early-stage technology companies in South Africa that seek to address big societal needs. To help address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact programme for young, unemployed South Africans aged between 17 and 25. Located in low income, urban settings, Naspers Labs provide a structured development journey enabling young people to enter the economy.

Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa and has an ADR listing on the London Stock Exchange (LSE: NPSN).

For more information, please visit www.naspers.com.

About Naspers Foundry: 

Naspers Foundry is an early-stage business funding initiative focused on technology entrepreneurs in South Africa. Over the past year, Naspers Foundry invested R30 million in SweepSouth, an online home and business cleaning services platform that connects clients with trusted, reliable cleaners. Visit SweepSouth for more information.

After year-end, in May 2020, Naspers Foundry invested a further R100 million in Aerobotics, an agritech company that provides tree crop health and yield intelligence data to the agricultural industry using drone and satellite-enabled AI technology. Visit Aerobotics for more information.

In September 2020, Naspers Foundry closed a transaction in Food Supply Network on undisclosed terms. The independent B2B marketplace integrates ordering systems of manufacturers, distributors, and buyers (restaurants, hotels and retailers) of food products. Visit Food Supply Network for more information.

In November 2020, Naspers Foundry invested R45 million in The Student Hub, an edtech company that increases access to vocational education to large numbers of students whilst reducing the costs of delivery of education and training. Visit The Student Hub for more information.

In June 2021, Naspers Foundry invested R42 million in mobility technology company WhereIsMyTransport. The company maps formal and informal public transport networks and uses this data and technology to improve the public transport experience for millions of consumers in high-growth megacities globally.

Visit https://www.whereismytransport.com for more information.

Naspers Foundry invested R34 million in digital short-term insurance advice platform, Ctrl in July 2021. Ctrl provides a unique tech solution to the short-term insurance industry and consumers through its platform, connecting consumers, brokers and insurers in one place. The platform enables brokers to provide insurance advice digitally and allows underserved consumers to easily compare multiple quotes, obtain advice, accept cover and manage their policies.

Visit https://www.takectrl.co.za for more information.

Visit Naspers Foundry for more information.

About Naspers Labs:

Naspers Labs is the group’s flagship social impact programme designed to transform and launch South Africa’s unemployed youth into economic activity. Currently, in its pilot phase, Naspers has invested R69 million in Naspers Labs and has set up four labs.

To date, over 2,000 young people have completed the Naspers Labs programme and 956 employment placements have been made. As a result of Covid-19, Naspers Labs is expanding its offering to train youth in Cyber Security, Software Development and Cloud Computing, through remote learning.

Visit www.nasperslabs.org for more information.

About Naspers

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.

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