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Massmart scores again at JSE SRI

8 Dec 2011

This year's Johannesburg Stock Exchange's Socially Responsible Investment (SRI) Index saw 22 companies meet the best performer threshold, which covered not only a social and governance threshold, but also a higher climate change threshold and a newly introduced environmental performance threshold. Massmart was recognised as one of the best performers in the medium environmental impact category.

According to the results, the group's environmental and climate change practices were recognised as constituting best practice. The group has been a constituent of the SRI index since its inception in 2004 and won in 2007 and 2008.

This year's index, which measures organisational performance through a set of socially responsible dimensions that include sustainability, environmental, social and governance practices, saw the group achieve full marks in the governance and related sustainability concerns, meeting all 32 core indicators, as well as all 33 desirable indicators. It also met 92 out of 98 criteria on the social dimension.

Commenting on the group's performance, CEO Grant Pattison said, "During the past six years the group has prioritised accountable business practices as a key focus area, as demonstrated by our industry leadership in BBBEE. We are proud of our progress across the various dimensions and look forward to making an even greater contribution towards environmental sustainability, harnessing Wal-Mart's global leadership in this critical area."

Other winners were Vodacom and Standard Bank.