General standard disclosures
General standard disclosureDescriptionPageExternal assurance
Strategy and analysis
G4-1 Leadership Commentary: Foreword by the Shareholder Representative, the Chairperson's Statement and the CEO's Statement 10-11, 12-15, 20-23 *
G4-2 Performance highlights, key trends, CFO's report, Sustainability strategy, indirect impacts 4-5, 20-23, 29-38, 42-50, 79, 100-101, 130-143, online section on key risks (11 and 12) Selected indicators are assured
Organisational profile
G4-3 Report the name of the organisation: The Industrial Development Corporation of South Africa Limited 4 *
G4-4 Report the primary brands, products and services, funding process 4, 9, 80, online section on special schemes (20 - 21) *
G4-5 Report the location of the organisation’s headquarters: Johannesburg, South Africa. 198 *
G4-6 Operational footprint, project footprint, rest of Africa footprint 7, 39, 45-47 *
G4-7 The nature of ownership and legal form 98 *
G4-8 Markets served, geographic breakdown and sectors served 7, 31-41, 45-47 *
G4-9 The scale of the organisation by total number of employees, the operational and project footprint in South Africa and the rest of the continent, products and services provided, net revenues and capitalisation 7-9, 39, 57-60, 79- 81, 110, 134 Yes. Consolidated and separate financial statements independently audited
G4-10 Staff Profile 58-60 *
G4-11 IDC is a non-unionised environment with no recognised collective agreements with any unions 64 *
G4-12 The organisation's supply chain is discussed under the Preferential Procurement section and the IDC-funding process 44, 99, 100, online - 19  
G4-13 Report any significant changes during the reporting period: There were no significant changes during the reporting period regarding size, structure or ownership. The aim of Project Evolve was to identify the sectors where the IDC will be playing a proactive role in developing industry 12 *
G4-14 Report whether and how the precautionary approach or principle is addressed by the organisation: Mitigating key risks, IDC-funding process and business support, natural environment (indirect risks). Enterprise risk management. IDC's Environmental and Social (E&S) framework is aligned to the Precautionary Principle 53, 54 *
G4-15 List externally developed charters, principles, or other initiatives to which the organisation subscribes or which it endorses: B-BBEEE ratings, signatory to UNEP-FI, guided by the PFMA, King III checklist, GRI G4 reporting guidelines 3 *
G4-16 Associations and national or international advocacy organisations of which IDC is a member, special funds, building partnerships, assisting government/public sector 69-70, online section on memberships and associations (22-28) *
Identified material aspects and boundaries
G4-17 Investments in subsidiaries 7, 109, 111-113, notes to the annual financial statements Yes. Consolidated and separate financial statements independently audited
G4-18 Explain the process for defining the report content 3 *
G4-19 List all the material aspects identified in the process for defining report content 28, online - GRI aspects can be found in the GRI checklist *
G4-20 The boundary for each material aspect boundary is explained throughout the report as referenced in this GRI index Throughout the report; online - GRI aspects can be found in the GRI checklist *
G4-21 The boundary for each aspect is explained throughout the report at each indicator Throughout the report *
G4-22 There were no restatements of information and no restatements of information were required 3 *
G4-23 We changed to the GRI 4 format and expanded the boundary to include material subsidiaries in some aspects 3 *
Stakeholder engagement
G4-24 Stakeholder engagement table 56 *
G4-25 Stakeholder identification 56-57, 67-70 *
G4-26 Stakeholder engagement practices, feedback surveys and ethics 67-70 *
G4-27 Key topics and concerns that have been raised through stakeholder engagement and the organisation's response to those key topics and concerns, including the identification of material issues, material issues table, the risk review, Directors' Report 6, 12-14, 20-23, 56-57, throughout the report *
Report profile
G4-28 The reporting period is for the fiscal year 1 April 2014 to 31 March 2015 3 *
G4-29 The last report was issued for the year ended 31 March 2014 3 *
G4-30 The reporting cycle is annual 3 *
G4-31 Key contacts are listed on the inside back cover of the report 197-199 *
G4-32 GRI G4 Core 3, GRI table in the online section (35 - 40) *
G4-33 External assurance 26-27 *
G4-34 Governance structure 73-76 *
Ethics and integrity
G4-56 Ethics and values 6, 75 *

 

Material aspect: effluents and waste

*

Specific standard disclosures
DMA and indicatorsStandard disclosure titleIdentified omission(s)Reason(s) for omission(s)Explanation for omission(s)PageExternal assurance
Category: economic
Material aspect: economic performance
G4-DMA Economic overview, policy environment, our mandate, governance Fully disclosed     80-88 *
G4-EC1 Direct economic value generated and distributed - IDC Value-Added Statement Fully disclosed     88 Yes, 26 - 27
G4-EC2 Risks and opportunities posed by climate change that have the potential to generate substantive changes in operations, revenue or expenditure Fully disclosed     52-55 *
Material aspect: market presence
G4-DMA The IDC attempts to eliminate all forms of discrimination against minority groups through the Minority Fund Schemes and the application of the BEE scorecard Fully disclosed     39, 42-50, online section on the special schemes *
G4-EC6 The IDC provides percentages of designated groups in senior management positions, in line with South Africa's B-BBEE aspirations Fully disclosed     59-62 *
Material aspect: indirect economic impacts
G4-DMA An economic overview and the policy environment are addressed in the Minister's Report. Stakeholder engagement takes place at government level Fully disclosed     5-6, 10-11 *
G4-EC8 Performance highlights, SBU sector-specific performance reports, development funds, investing in communities, agency development, B-BBEE, indirect impacts Fully disclosed     99, Online - 29 & 31 Yes, 26 - 27
Material aspect: procurement practices
G4-DMA Procurement Fully disclosed     Online - 19 *
G4-EC9 Procurement – proportion of spending on local suppliers at significant locations of operation, B-BBEEE Code of Good Practice and preferential procurement Fully disclosed     Online - 19 Yes, 26 - 27
Category: environmental
Material aspect: energy
G4-DMA Natural Environment Fully disclosed     52-55 *
G4-EN3 Natural Environment - energy consumption within the organisation Fully disclosed     54 Yes, 26 - 27
G4-EN5 Natural Environment - energy intensity Fully disclosed     54 Yes, 26 - 27
Material aspect: water
G4-DMA Natural Environment Fully disclosed     52-55 *
G4-EN8 Natural Environment - total water withdrawal by source Fully disclosed     54 *
G4-EN9 Natural Environment - water sources significantly affected by withdrawal of water Fully disclosed     54 *
G4-EN10 Natural Environment - percentage and total volume of water recycled and re-used Fully disclosed     54 *
Material aspect: emissions
G4-DMA Natural Environment       54-55 *
G4-EN15 Natural Environment - direct GHG emissions (Scope 1) Partially disclosed The information is currently unavailable Courier services not included in Scope 1 calculations as the couriers are expected to report on their impact seperately 54 Yes, 26 - 27
G4-EN16 Natural Environment - energy indirect GHG emissions (Scope 2) Fully disclosed     54 Yes, 26 - 27
Material aspect: effluents and waste
G4-DMA Natural Environment Partially disclosed     53-54 *
G4-EN22 Natural Environment - total water discharged by quality and destination Partially disclosed     53-54, 175 *
Category: social
Sub-category: labour practices and decent work
Material aspect: employment
G4-DMA Human Capital Fully disclosed     58-62 *
G4-LA1 Human Capital - total number and rates of new employee hires and employee turnover by age group, gender and region Fully disclosed     62 Yes, 26 - 27
G4-LA2 Human Capital - benefits provided to full-time employees that are not provided to temporary or part-time employees, by significant locations of operation Partially disclosed     63 *
Material aspect: labour/management relations
G4-DMA Human Capital - the IDC is a non-unionised environment Fully disclosed     64 *
G4-LA4 Human Capital - minimum notice periods regarding operational changes, including whether these are specified in collective agreements. The IDC is a non-unionised environment Fully disclosed     64 *
Material aspect: occupational health and safety
G4-DMA Natural Environment Fully disclosed     64 *
G4-LA5 Natural Environment - percentage of total workforce represented in formal joint management-worker H&S committees that help monitor and advise on OHS programmes Fully disclosed     64 Yes, 26 - 27
G4-LA6 Natural Environment - type of injury and rates of injury, occupational diseases, lost days, absenteeism, and total number of work-related fatalities, by region and by gender Fully disclosed     64 *
Material aspect: training and education
G4-DMA Human Capital - growing and developing our talented workforce Fully disclosed     63-67 *
G4-LA9 Human Capital - average hours of training per year per employee by gender and by employee category Fully disclosed     66 Yes, 26 - 27
G4-LA10 Human Capital - programmes for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings Fully disclosed     64 Yes, 26 - 27
G4-LA11 Human Capital - percentage of employees receiving regular performance and career development reviews, by gender and by employee category Fully disclosed     63 Yes, 26 - 27
Material aspect: diversity and equal opportunity
G4-DMA Human Capital Fully disclosed     58-62 *
G4-LA12 Human Capital – composition of governance bodies and breakdown of employees per employee category according to gender, age group, minority group membership, and other indicators of diversity Fully disclosed     59-61, 74, Online 3 - 4 and 6 - 8 Yes, 26 - 27
Material aspect: supplier assessment for labour practices
G4-DMA Procurement Fully disclosed   Assessing our suppliers’ labour practices is not material to the IDC’s business Online - 19 *
G4-LA14 Procurement - percentage of new suppliers that were screened using labour practices criteria Fully disclosed     Online - 19 *
Material aspect: labour practices grievance mechanisms
G4-DMA Human Capital Fully disclosed     64 *
G4-LA16 Human Capital - number of grievances about labour practices filed, addressed, and resolved through formal grievance mechanisms Fully disclosed     64 Yes, 26 - 27
Sub-category: human rights
Material aspect: investment
G4-DMA Natural Environment Not disclosed       *
G4-HR1 Natural Environment - total number and percentage of significant investment agreements and contracts that include human rights clauses or that underwent human rights screening Not disclosed The information is currently unavailable The information is currently unavailable   *
Material aspect: non-discrimination
G4-DMA Human Capital Fully disclosed     64 *
G4-HR3 No instances of discrimination were found Fully disclosed     64 Yes, 26 - 27
Material aspect: freedom of association and collective bargaining
G4-DMA Human Capital Not disclosed       *
G4-HR4 Human Capital and Procurement - operations and suppliers identified in which the right to exercise freedom of association and collective bargaining may be violated or at significant risk, and measures taken to support these rights Not disclosed The information is currently unavailable The information is currently unavailable   *
Sub-category: society
Material aspect: local communities
G4-DMA Our mandate and strategic pillars, satisfying customers, investing in communities Fully disclosed     4 - 6, 21 - 22, 46 - 50, 56 *
G4-FS13 Access points in low populated or economically disadvantaged areas by type Fully disclosed     7 - 9, 46 - 50 *
Material aspect: anti-corruption
G4-DMA Mitigating key risks, material issues, governance Fully disclosed     Online 13,17 *
G4-SO3 Total number and percentage of operations assessed for risks related to corruption and the significant risks identified Partially disclosed The information is subject to specific confidentiality constraints   Online 16 - 17 Yes, 26 - 27
G4-SO4 Communication and training on anti-corruption policies and procedures Fully disclosed     Online 16 - 17 Yes, 26 - 27
Material aspect: compliance
G4-DMA Governance - compliance with relevant laws and regulations Fully disclosed     78 *
G4-SO8 Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations Fully disclosed     78 Yes, 26 - 27
Sub-category: product responsibility
Material aspect: product and service labeling
G4-DMA Our main business and funding activities, satisfying customers Fully disclosed     67-69, 99 *
G4-PR5 Customer satisfaction survey results Fully disclosed     67-69 *
Material aspect: product portfolio
G4-DMA IDC's mandate, strategic pillars, funding model, operational structure, Strategic Business Units, Investing in communities, Corporate governance Fully disclosed     4, 6, 8 - 9, online section on special schemes (20 -21) *
G4-FS7 Monetary value of products and services designed to deliver a specific social benefit for each business line broken down by purpose Fully disclosed     42 - 52 and online section on special schemes (20 - 21) *
G4-FS8 Monetary value of products and services designed to deliver an environmental benefit for each business line broken down by purpose Fully disclosed     52 - 55 and online section on special schemes (20 - 21) *
Material aspect: customer privacy
G4-DMA Satisfying customers Partially disclosed The information is currently unavailable IT systems are being implemented for the protection of personal information   *
G4-PR8 Total number of substantiated complaints regarding breaches of customer privacy and losses of customer data Not disclosed The information is currently unavailable Processes to register customer complaints being implemented - *
Material aspect: active ownership
G4-FS10 All transactions for this financial year as well as 35 existing clients were monitored for EHS performance. Fully disclosed     51 - 55 *
G4-FS11 Percentage of assets subject to positive and negative environmental and social screening Partially disclosed The information is currently unavailable Only high risk clients are currently assessed   *
Material aspect: compliance
G4-DMA Governance Fully disclosed     78 *
G4-PR9 Monetary value of significant fines for non-compliance with laws and regulations concerning the provision and use of products and services Fully disclosed     78 *

* Indicator not externally assured or no external assurance required.

List all the material aspects identified in the process for defining report content