Sustainability report: a review of Tiger Brands’ environmental, social and governance (ESG) performance

Sustainability
report
2021

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OVERVIEW

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OUR APPROACH

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HEALTH AND NUTRITION

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ENHANCED LIVELIHOODS

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ENVIRONMENTAL STEWARDSHIP

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CRITICAL ANCHORS

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PERFORMANCE DATA AND TCFD TABLE

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DOWNLOADS

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WHO WE ARE

Tiger Brands is one of Africa’s largest listed manufacturers of fast-moving consumer goods (FMCG). Our core business is the manufacture, marketing and distribution of everyday branded food and beverages. Our products are relevant across every meal occasion and are well positioned to grow. The portfolio also includes leading brands in the home and personal care segments and we have a growing presence in Africa.

OUR VISION

To deliver top-tier financial results and be recognised by all stakeholders as the pre-eminent fast-moving consumer goods (FMCG) company in South Africa and most desirable growth company on the continent.

OUR PURPOSE

We nourish and nurture more lives every day.

2021 PERFORMANCE SUMMARY

  • HEALTH AND
    NUTRITION
  • ENHANCED
    LIVELIHOODS
  • ENVIRONMENTAL
    STEWARDSHIP
  • CRITICAL
    ANCHORS
  • 9 484 012 breakfasts served, and 79 640 learners supported by Tiger Brands Foundation (2020: nine million breakfasts and 74 455 learners)
  • Among others the following strategic focus projects were launched: Junior Purity Smoothies to support toddler nutrition, Brooke’s Low-Cal Fruit Squash Concentrate, and Ingram’s Hand Sanitisers
  • We are proactively driving consumer health awareness on:
    • Heart health (Jungle products)
    • Fibre (Ace maizemeal)
    • Immunity (Morvite)
    • Nutrition (Albany)
    • Fruit and vegetables (KOO).
  • BBBEE level 3
  • R85 million enterprise and supplier development (ESD) fund (2020: R45 million)
  • R13,5 billion spent with BBBEE-verified suppliers (2020: R12,3 billion)
  • R5,6 billion spend with black-owned enterprises (2020: R5 billion)
  • R4,3 billion spend with black women-owned enterprises (2020: R4 billion)
  • R22,9 million total socio-economic development spend (2020: R22,4 million).

This is the content for Layout P Tag

  • 30% reduction in absolute direct greenhouse gas (GHG) emissions, 14,5% reduction in GHG emissions intensity
  • 20,4% reduction absolute energy use, 2,7% reduction in energy intensity
  • 13% reduction in absolute water use, 5,5% increase in water intensity.
  • Zero fatalities (2020: two employees and one contractor)
  • 0,31 LTIFR (2020: 0,34)
  • R4 billion paid in salaries and benefits to 10 158 permanent employees (2020: R4,1 billion to 11 188 employees)
  • R93,8 million invested in employee training and development (2020: R97,3 million).

COVID-19: OUR ONGOING RESPONSE

The wellbeing of our staff and their families is extremely important to us, and we have continued to manage Covid-19 carefully at our sites with rigorous measures to help protect all our people.

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OUR SUSTAINABILITY STRATEGY

Our sustainability strategy supports us to deliver on our core purpose of nourishing and nurturing more lives every day. The strategy frames our most material sustainability concerns, outlines our critical anchors, identifies our priority SDGs, and states our key commitments across three strategic pillars.

HEALTH AND NUTRITION

Enable consumers to improve their health and wellbeing

ENHANCED LIVELIHOODS

Improving the livelihoods of thousands of people

ENVIRONMENTAL STEWARDSHIP

Significantly reducing our environmental footprint

THE EAT WELL LIVE WELL PROGRAMME

Tiger Brands launched the Eat Well Live Well (EWLW) programme in 2009 to help South Africans make healthier food choices for a better life on any budget.

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PROMOTING NUTRITION THROUGH THE TIGER BRANDS FOUNDATION

The Tiger Brands Foundation was established to enhance our social impact. The social investment activities of the Foundation run in addition to Tiger Brands’ SED activities, and is managed by an independent board of trustees.

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A SPOTLIGHT ON GENDER-EQUITY PERFORMANCE

In 2018, we launched the Tiger Women’s Network, designed specifically for women in our workforce to network, dialogue and have access to mentorship, coaching and development during their career at Tiger Brands. From 2019, we started implementing our integrated gender-equity strategy.

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GROUP PROFILE

Excludes product recall and civil unrest.

Our core business is providing everyday branded food products to large and growing markets. We target best-in-class profitability, underpinned by a cost-conscious culture, and ESG principles to create and share value.

We have leading positions in most categories and our iconic brands are well-entrenched with consumers in South Africa, as illustrated by the percentage share of market.

  • GRAINS
  • CONSUMER BRANDS
  • HOME AND PERSONAL CARE
  • EXPORTS AND INTERNATIONAL

GRAINS

+5%

REVENUE

R14,6bn

2020: R13,9 billion

+11%

OPERATING INCOME

R1,4bn

2020: R1,2 billion


CONSUMER BRANDS

+4%

REVENUE

R11,1bn

2020: R10,7 billion

+20%

OPERATING INCOME

R1,1bn

2020: R941 million


HOME AND PERSONAL CARE

+6%

REVENUE

R2,0bn

2020: R1,8 billion

+8%

OPERATING INCOME

R433m

2020: R400 million


+7%

REVENUE

R3,6bn

2020: R3,4 billion

-7%

OPERATING INCOME

R96m

2020: R103 million


SETCO CHAIRMAN’S STATEMENT

I am pleased to introduce the Tiger Brands Sustainability Report, which is an important supplement to the integrated annual report 2021. This report provides information on Tiger Brands’ strategy and performance in relation to the environmental, social and governance impacts of the business. It is aimed at a broad stakeholder audience interested in the contributions of the company to society and its performance against the UN SDGs.

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ADMINISTRATION Expand

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TIGER BRANDS LIMITED
Incorporated in the Republic of South Africa
Share code: TBS
ISIN: ZAE000071080
Registration number: 1944/017881/06

COMPANY SECRETARY
JK Monaisa

REGISTERED OFFICE
3010 William Nicol Drive
Bryanston
Sandton

POSTAL ADDRESS
PO Box 78056, Sandton, 2146
Telephone: +27 11 840 4000

AUDITORS
Ernst & Young Inc.

PRINCIPAL BANKER
Rand Merchant Bank

SPONSOR
JP Morgan Equities South Africa Proprietary Limited

SOUTH AFRICAN SHARE TRANSFER SECRETARIES
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue
Rosebank, 2196
Private Bag X9000, Saxonwold, 2132

AMERICAN DEPOSITORY RECEIPT (ADR) FACILITY
ADR Administrator
The Bank of New York Mellon

INVESTOR RELATIONS
Nikki Catrakilis-Wagner
Erene Kairuz
Telephone: +27 11 840 4000

SUSTAINABILITY
Stiaan Wandrag
stiaan.wandrag@tigerbrands.com

WEBSITE ADDRESS
www.tigerbrands.com

CONTACT DETAILS
Companysecretary@tigerbrands.com
Investorrelations@tigerbrands.com
Consumer helpline: 0860 005342


FORWARD-LOOKING INFORMATION

This report contains forward-looking statements that, unless otherwise indicated, reflect the company’s expectations at the time of finalising the report. Actual results may differ materially from these expectations if known and unknown risks or uncertainties affect the business, or if estimates or assumptions prove inaccurate. Tiger Brands cannot guarantee that any forward-looking statement will materialise and, accordingly, readers are cautioned not to place undue reliance on these statements. The company assumes no obligation to update or revise any forward-looking statements, even if new information becomes available as a result of future events or for any other reason, save as required by legislation or regulation.