“The challenge facing business is to find a balance between short-term profitability targets and the longer term needs of society.”
The King ll Report has heightened the need for corporates to broaden their traditional financial reporting to cover issues which ultimately determine the sustainability of the business. This is generally referred to as integrated sustainability reporting, or triple bottom line reporting, where companies address the economic, social and environmental aspects affecting their performance and the relationship with stakeholders in these areas.
Sustainability reporting is particularly relevant in South Africa as extensive resources are being applied to address transformation, both within companies and in the external environment.
The challenge facing business is to find a balance between short-term profitability targets while at the same time meeting the longer term needs of the society within which they operate. This report outlines the progress that New Clicks has made in addressing these needs and the contribution the group is making to social upliftment in the country.