General standard disclosures
IndicatorDescriptionPageExternal assurance
Strategy and analysis
G4-1 Leadership Commentary:
Foreword by the Shareholder Representative,
The Board Chairperson's Statement
The Chief Executive Officer;s Statement


5-6
7-8
9-11

*
G4-2 Key impacts, risks and opportunities:
Economic, environmental and social impacts
Materiality
Strategy
Stakeholders
Financial sustainability
Risk management
Targets and performance

i-ii, 1, 4, 5-11, 28-46
26
1122, 25
47-48
64-69, 83-148
59-63
79-81
Selected indicators are assured
Organisational profile
G4-3 The Industrial Development Corporation of South Africa Limited 20 *
G4-4 The primary brands, products and services
Group overview and operational structure
Approach to sector development
Business model
The IDC funding model
 

20-21
25
27
63-64, online section on special schemes

*
G4-5 The location of the organisation’s headquarters: 19 Fredman Drive, Sandton, Johannesburg, South Africa 157 *
G4-6 Significant locations of operation
Operational footprint
Rest of Africa footprintt
21
39
*
G4-7 The nature of ownership and legal form
Mandate
Group structure


ii
20

*
G4-8 Markets served, geographic breakdown and sectors served
Group overview and operational structure
Business model
Approach to sector development
Geographical breakdown

20
27
25
39-40
*
G4-9 The scale of the organisation
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
Business model

48-49 and online section
5, 39-40

8
, 64
64-65
10
Yes, Consolidated and separate financial statements independently audited
G4-10 Staff profile 48-49 and online section *
G4-11 The IDC operates within the provisions of all relevant labour legislation including the provsion of mnimum notice periods regarding operational changes should these arise 50 *
G4-12 The organisation’s supply chain is discussed under the IDC funding process and the online section on Procurement 64 and online section  
G4-13 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. 24 *
G4-14 The IDC’s Environmental and Social (E&S) framework is aligned to the precautionary principle
Mitigating key risks
IDC funding process and business support
Natural environment (indirect risks)



22, 43-46, 60-62
20-21, 27, 60
43-46

*
G4-15 Externally developed charters, principles, or other initiatives to which the IDC 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 Online section *
Identified material aspects and boundaries
G4-17 Investments in subsidiaries 20, 84-91, 124-127, 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 26, online – GRI Aspects can be found in the GRI checklist in the online section *
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 in the online section *
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

Using the GRI 4 format, we continue to expand boundary to include more
material subsidiaries in some aspects

3 *
Stakeholder engagement
G4-24 Stakeholder engagement table 47 *
G4-25 Stakeholder identification 47, 52-53 and online *
G4-26 Stakeholder engagement practices, feedback surveys and ethics 47-49 *
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 22, 24, 5-11, 25-27, 47-53, 57-59, 61-62, 79, throughout the report *
Report profile
G4-28 The reporting period is for the fiscal year 1 April 2015 to 31 March 2016 3 *
G4-29 The last report was issued for the year ended 31 March 2015 3 *
G4-30 The reporting cycle is annual 3 *
G4-31 Key contacts are listed on the inside back cover of the report 157 *
G4-32

The report contains Standard Disclosures from the GRI G4 Core
Sustainability Guidelines

3, GRI table in the online section *
G4-33 External assurance 71-72, 74-75 *
G4-34 Governance structure 56-57 *
Ethics and integrity
G4-56 Ethics and values 20, 54-55 *

 

Specific standard disclosures

DMA and indicatorsStandard disclosure titleIdentified omission(s)Reason(s) for omission(s)PageExternal assurance
Category: economic
Material aspect: economic performance
G4-DMA

Economic overview, policy environment, Our mandate,
Governance

Fully disclosed   1, 5-11, 26, 56-57 *
G4-EC1 Direct economic value generated and distributed Fully disclosed   64-69 Yes
G4-EC2

Risks and opportunities posed by climate change that have the potential to generate substantive changes in
operations, revenue or expenditure

Fully disclosed   44-46 *
Material aspect: market presence
G4-DMA

The IDC attempt to eliminate all forms of discrimination
against minority groups through the Minority Fund
Schemes and the application of the BEE scorecard

Fully disclosed  

4, 20-27, online
section on the
special funds

*
G4-EC6

The IDC provide percentages of designated groups in
senior management positions, in line with South Africa’s
B-BBEE aspirations

Fully disclosed  

48-51 and online
section on staff
profile

*
Material aspect: procurement practices
G4-DMA Procurement     Online section *
G4-EC9

Procurement – proportion of spending on local suppliers at significant locations of operation, B-BBEEE code of good practice and preferential procurement

    Online section *
Material aspect: indirect economic impacts
G4-DMA

An economic overview and the policy environment are
addressed in the Leadership commentry.

Fully disclosed  

5-11

*
G4-EC9

Performance highlights, SBU sector-specific performance
reports, development funds, investing in communities,
B-BBEE, indirect impacts

Fully disclosed  

1, 4, 29-39, 41-43,
online section on
special funds

Yes, 26 - 27
Category: environmental
Material aspect: energy
G4-DMA Natural Environment Fully disclosed   43-46 *
G4-EN3 Natural Environment - energy consumption within the organisation Fully disclosed   43-46 *
G4-EN5 Natural Environment - energy intensity Fully disclosed   43-46 *
Material aspect: water
G4-DMA Natural Environment

Partially
disclosed

  43-46 *
G4-EN9

Natural environment – water sources significantly affected by withdrawal of water

Partially
disclosed

The
information is currently
unavailable

46 *
Material aspect: emissions
G4-DMA Natural Environment     43-46 *
G4-EN15 Natural Environment - direct GHG emissions (Scope 1)

Courier services not included in Scope 1 calculations as the couriers are expected to report on their impact seperately.
Partially disclosed The information is currently unavailable 43-46  
G4-EN16 Natural Environment - energy indirect GHG emissions (Scope 2) Fully disclosed   43-46  
Material aspect: effluents and waste
G4-DMA Natural Environment Partially disclosed   43-46 *
G4-EN22 Natural Environment - total water discharged by quality and destination Partially disclosed

The
information
is currently
unavailable

43-46 *
Category: social
Sub-category: labour practices and decent work
Material aspect: employment
G4-DMA Human Capital Fully disclosed  

47-50 and online
section

*
G4-LA1 Human Capital - total number and rates of new employee hires and employee turnover by age group, gender and region Fully disclosed  

47-50 and online
section

*
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  

47-50 and online
section

*
Material aspect: labour/management relations
G4-DMA

Human capital – the IDC operates within the provisions of
all relevant labour legislation including the provsion of
mnimum notice periods regarding operational changes
should these arise

Fully disclosed   50 *
G4-LA4

Human capital – minimum notice periods regarding
operational changes, including whether these are specified in collective agreements – The IDC operates within the provisions of all relevant labour legislation including the provsion of mnimum notice periods regarding operational changes should these arise

Fully disclosed   50 *
Material aspect: occupational health and safety
G4-DMA Natural Environment Fully disclosed   44 *
G4-LA5

Natural environment – percentage of total workforce
represented in formal joint management-worker h&s
committees that help monitor and advise on ohs programs

Fully disclosed   44
*
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   44 *
Material aspect: training and education
G4-DMA Human Capital - growing and developing our talented workforce Fully disclosed   48-52 *
G4-LA9 Human Capital - average hours of training per year per employee by gender and by employee category Fully disclosed  

51 and online
section

Yes
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   50-51 Yes
G4-LA11 Human Capital - percentage of employees receiving regular performance and career development reviews, by gender and by employee category Fully disclosed   49-51 *
Material aspect: diversity and equal opportunity
G4-DMA Human Capital Fully disclosed  

47-51 and online
section

*
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  

47-51 and online
section

Yes
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 section  
G4-LA14 Procurement - percentage of new suppliers that were screened using labour practices criteria Fully disclosed   Online section  
Material aspect: labour practices grievance mechanisms
G4-DMA Human Capital Fully disclosed   50 *
G4-LA16 Human Capital - number of grievances about labour practices filed, addressed, and resolved through formal grievance mechanisms Fully disclosed   50 *
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   *
Material aspect: non-discrimination
G4-DMA Human Capital Fully disclosed   50 *
G4-HR3 No instances of discrimination were found Fully disclosed   50 and online section *
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   *
Sub-category: society
Material aspect: local communities
G4-DMA Our mandate and strategic pillars, satisfying customers, investing in communities Fully disclosed   42-43 *
G4-FS13 Access points in low populated or economically disadvantaged areas by type Fully disclosed   40-42 *
Material aspect: anti-corruption
G4-DMA Mitigating key risks, material issues, governance Fully disclosed  

59-64 and online
section

*
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 63 Yes
G4-SO4 Communication and training on anti-corruption policies and procedures Fully disclosed  

57-58 and online
section

Yes
Material aspect: compliance
G4-DMA Governance - compliance with relevant laws and regulations Fully disclosed   54-58 *
G4-SO8

There were no contraventions, penalties, sanctions or fines imposed on the IDC due to non-compliance with
regulatory requirements

Fully disclosed   57 *
Sub-category: product responsibility
Material aspect: product and service labeling
G4-DMA Our main business and funding activities, satisfying customers Fully disclosed  

52-53 and online
section

*
G4-PR5 Customer satisfaction survey results Fully disclosed   53 *
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  

20-22, 25, 27, 29-44,
56-57

*
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  

4, 30-39 and online
section on special
funds

*
G4-FS8

Monetary value of products and services designed to
deliver an environmental benefit for each business line
broken down by purpose

Fully disclosed  

4, 30-39 and online
section on special
funds

*
Material aspect: customer privacy
G4-DMA

Satisfying customers

IT systems are being implemented for the protection of
personal information

Partially disclosed The information is currently unavailable

52-53 and online
section

 
*
G4-PR8

Total number of substantiated complaints regarding
breaches of customer privacy and losses of customer data

Processes to register customer complaints being implemented

Not disclosed The information is currently unavailable - *
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  

44 and online
– GRI Aspects can
be found in the
GRI checklist in the
online section

*
G4-FS11 Percentage of assets subject to positive and negative environmental and social screening Partially disclosed The information is currently unavailable 43-44 *
Material aspect: compliance
G4-DMA Governance Fully disclosed   54-59 *
G4-PR9

There were no contraventions, penalties, sanctions or fines imposed on the IDC due to non-compliance with
regulatory requirements

Fully disclosed   57 *
* Indicator not externally assured or no external assurance required.