15 August 2022
The Shoprite Group recently ranked first in the retail sector for data transparency in Environmental Social and Governance/Sustainability in the 2022 IRAS Sustainability Data Transparency Index (SDTI).
The SDTI is a reporting evaluation tool developed by the Integrated Reporting and Assurance Services (IRAS) and refers to a list of qualitative data points that stakeholders should reasonably expect JSE-listed companies to report on.
Since 2014, IRAS has recognised those companies who provide stakeholders with performance information on key sustainability matters including energy use, carbon emissions, water consumption, health and safety, human resource development, corporate social investment and more.
“It is an honour to be recognised for our continuous efforts in improving our documentation, reporting standards and data disclosure. We are very proud of this accolade and are committed to continue sharing this information with our stakeholders to ensure better business decision.”
- Sanjeev Raghubir, Shoprite Group Sustainability Manager
The overall SDTI ranking for companies assessed in the retail sector was 50,37%, while Shoprite scored 77,27%.
IRAS has been in operation since 2009 and is a highly impactful niche advisory and assurance services provider focusing primarily on the provision of independent third-party assurance over the sustainability content within integrated annual reports.
It maintains a database of South African reports and reviews hundreds of companies as part of its research work for the preparation of its annual SDTI. Over the past six years, IRAS has researched the effectiveness of corporate sustainability reporting in South Africa, providing an invaluable guidebook for effective reporting.