MMI Holdings has been classified by the JSE as having an overall low environmental impact.
MMI has a sustainability policy which is available in the sustainability section of the MMI Holdings website. Ultimate responsibility for environmental management lies with the Social, Ethics and Transformation Committee of the board (SETC). Quarterly reports are submitted to the SETC. No environmental-related fines were received in the period under review.
MMI Holdings participates in the CDP process annually. CDP is the global disclosure system for companies to disclose their carbon emissions. In this submission we disclose the risks and opportunities we face in terms of climate change, as well as provide details on our carbon footprint and trend data relating to our carbon footprint, year-on-year. For full details please see the publicly available MMI Holdings submission on the CDP website.
MMI Holdings has achieved a CDP rating of A-. MMI was rated against the industry, the region and the CDP programme average (please refer to graph below) and scored highly against these benchmarks.
Source: ADEC Innovations 2016
The rating demonstrates excellent Disclosure, Awareness, Management and Leadership in managing climate change.
Although classified by the JSE as having an overall low environmental impact, the group’s largest contributor to MMI’s carbon footprint is electricity, at 74%. The group has committed to a 12% usage reduction in carbon emissions by 2020. MMI Holdings’ baseline year is the financial period 1 July 2013 to 30 June 2014. The reduction in emissions is monitored on an annual basis to ensure that we achieve our 12% target by 2020.
|MMI Holdings Carbon footprint: 1 July 2015- 30 June 2016||FYE 2016: Total metric tons CO2e||FYE 2014: Total metric tons CO2e||Change from FYE 2014 to FYE 2016|
|Scope 1||1 389,80||1 444,38||-3,78%|
|Scope 2||54 444,81||58 209,08||-6.47%|
|Total number of employees included||17 560||17 422||0.79%|
|Total emissions per employee||3,18||3,42||-7,14%|
Click here for further details for further information on the CDP programme.