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In terms of donations, the SABN and its employees contributed, on a voluntary basis, to the COVID-19 Solidarity Fund.
The SEC was updated on the status of employment equity, and in terms of the submissions provided to the Department of Employment and Labour, the SABN is in compliance with the legislation. Adherence to the Broad-Based Black Economic Empowerment Act 53 of 2003 and codes of good practice forms part of the procurement process, and according to which management reports on the SABN spend within the defined legislative contribution levels and with reference to new suppliers.
Plans for the 2021/22 reporting period
The SEC is scheduled to meet three times during the 2021/22 financial year. During this period, the committee will aim to refine its method of operating, further extend and develop its monitoring activities, and consolidate its key role in facilitating the enhancement of the Company’s governance. The activities of the SEC are set out in an approved work plan.
Conclusion
The SEC is of the view that the Company takes its safety, health, environmental, social ethics and governance responsibilities seriously. Appropriate policies, plans and programmes are in place to contribute to social and economic development, good corporate citizenship, environmental responsibility, fair labour practices, and good relations with the shareholder.
W Mkhabela
Chairperson
Social and Ethics Committee 20 May 2021
South African Bank Note Company (RF) Proprietary Limited
Annual Report 2021
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