Johannesburg, 8 September 2022: JSE-listed diversified real estate investment trust (REIT) Redefine Properties continues to be recognised for its reporting on its ongoing commitment to sustaining value creation for stakeholders. Redefine, for the successive sixth year, retained its top three position in SA at EY Excellence in Integrated Reporting Awards 2022, coming in second behind Nedbank. Since 2015, Redefine has consistently featured in the top 10.
This ongoing recognition is testament to Redefine’s commitment to the highest standards of integrated reporting and transparent approaches in disclosures and reflects the company’s purpose of creating and managing spaces in a way that changes lives.
Redefine believes an integrated approach to making strategic choices sustains value creation for all stakeholders over the long term. The integrated report remains a vital communication tool conveying to stakeholders financial aspects as well as environmental, social and governance strategy, impact and goals.
The results are a strong endorsement of the company’s application of integrated thinking on a wide range of issues such as corporate governance, initiatives to protect the environment, and the way it serves its communities.
This comes after Redefine refreshed its engagement strategy for each stakeholder with an eye on being totally focused on inclusivity. The company has embraced the hybrid workforce and embedded diversity into its culture. It has adopted a climate resilient framework, and broad sustainability interventions continue to take place across it’s entire operating value chain.
The purpose of the awards is to encourage and benchmark standards of excellence in the quality of integrated reporting to investors and stakeholders in SA’s listed sector. The awards are based on how well companies explain to stakeholders how they create value over time and how the board considered material matters to ensure the strategic objectives are met.
Redefine believes that the property sector – which permeates so many lives – should be a visible contributor to practices that preserve the environment and promote social cohesion.
It remains imperative that the entire sector drives inclusivity and good governance going forward. Redefine believes this will lead to resilience, sustainability (Redefine managed to withstand significant headwinds caused by Covid-19 thanks to its robust sustainability framework) and improved outcomes for more people and communities.
For us, financial results are not the only measure of success, hence our integrated report encompasses our strategy and performance in the area of ESG as well as future expectations, commitments and goals. The recognition strengthens our resolve to further embed key sustainability issues in our strategy and present information in a manner that enable stakeholders to analyse and assess our ability to create and sustain value in the medium- to long-term horizon.
