Business, our society and the environment are intrinsically connected in complex ways and Efora believes that the sustainability of the Company within its operating environment should be a moral and economic imperative.
Corporate Social Responsibility
Businesses, societies, and the environment are intrinsically connected in complex ways and we believe that the sustainability of the Group within its operating environment should be a moral and economic imperative.
Our priority is to remain commercially viable so as to return value to all its shareholders and the stakeholder communities in which it operates. The economic, social and environmental performance of the Group is therefore key indicators of its commitment to ensuring its sustainability.
While we pride ourselves on being an African company investing in Africa, we are acutely aware of our history and moral obligation in pursuing our commercial interests in a socially and environmentally responsible manner. We view the objectives of growing our business as intertwined with protecting our natural heritage and transforming our society.
Efora has always appreciated the interconnectedness of the society and environment in which it operates and its importance to the sustainability of our business. We have developed a social and ethics code of conduct which guides the Company’s conduct in relation to these aspects of its business. Adherence to the social and ethics code of conduct by the Board, management and employees alike when pursuing the business of the company, as well as progress with initiatives are closely monitored by the Social and Ethics Committee - in line with its mandate.
It is expected that Efora's directors, management, and employees will at all times always act lawfully, ethically and in the best interests of the Company. Each one of us is responsible for adhering to the values of Efora Energy Limited in the execution of our company duties and responsibilities and must make every effort to ensure that our rules of conduct are respected by all. The Company conducts its business activities in keeping with its corporate values.
Our values are:
Sustainability reporting provides stakeholders with transparency about the sustainability performance of the Group, and reflects the manner in which this is integrated into our business. We focus primarily on human capital management and social sustainability and environmental sustainability. It includes matters that have a material impact on the long-term success of the business and covers the business operations of the Group in the oil and gas sector in South Africa, Zimbabwe and Egypt, except where otherwise mentioned.
The Group is formalising a sustainability framework, based on the six capitals model, and aims to implement it within the next year.
The sustainability reporting will focus on:
- Empowering our employees
- Investment in local communities and enterprise development
- Health and safety of employees and service providers
- Social performance
- Electricity and diesel usage
- Water usage
- Emissions, effluent and waste from operations
The limited assurance report on the sustainability data is available here: Efora Energy Limited-Audit Assurance report-2019
In our effort to create an ethically compliant business environment, Efora utilises the private and confidential services of Whistle Blowers (Pty) Ltd, which is an accredited and registered member of the Ethics Institute of South Africa.
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