Like a thumbprint, sustainable development is part of our DNA. Through ongoing engagement, Altron continues to ensure that sustainability is firmly imprinted in the culture and ethos of the organisation.
Our sustainable business strategy focuses on sound financial investments, a commitment to develop our employees, sustainable products and services and a focus to build and maintain external relationships. Altron, inspiring a more sustainable tomorrow.
Altron's sustainable business strategy was developed and is continually refined through stakeholder engagement that is also used to determine our material issues.
The following four core value drivers for our business that emerged from this process became the four pillars of our sustainable business through which we drive the creation of value for all of our stakeholders:
- Financial Sustainability
- Human Capital Sustainability
- Products and Services Sustainability
- Sustainability Through External Relationships
While sustainable business practices have always been central to the way Altron does business, developing a formal sustainable business strategy allowed us to set baselines and targets and get buy-in throughout our organisation to the principles of integrated business sustainability.
Corporate Social Investment (CSI)
The Altron group has a rich history of community upliftment through socio-economic development (SED) within the communities in which it operates. SED incorporates corporate social investment (CSI) and non-monetary contributions to beneficiaries that facilitate sustainable access to the economy. It also forms an integral part of Broad-Based Black Economic Empowerment (B-BBEE) and is a key component of Altron’s stated objectives. While it is not a material business issue, corporate social investment is an important issue closely connected to our company values and directly linked to our social licence to operate.
The Altron group’s CSI policy guides the group companies in implementing their SED programmes. The operating companies adapt the policy to suit their geographic, sector and community needs, but ensure their CSI expenditure is regulated and monitored in accordance with the guidelines provided by the group CSI policy.
None of our operations has been identified as having the potential to negatively impact local communities.
We are guided by the needs of local communities, the country’s socio-economic development imperatives and core business-alignment considerations in selecting community projects in which to invest.