The Mercantile Bank Group subscribes to a sustainable future, and to this end, aims to ensure sustainable practices across the entire scope of its business activities and the activities of all stakeholders, both external and internal. The Group’s Sustainability Policy identifies and documents the themes, principles, strategy, objectives, management, performance and reporting of sustainability, with the aim of integrating sustainability into the culture of Mercantile, and aligning our sustainability strategy with our business strategy. As a member of the Banking Association of South Africa, the Group subscribes to the Association’s Code of Conduct for Managing Environmental and Social Risk. The Group’s sustainability themes are accordingly based on the Association’s Code and recommendations set out in King III, read with the JSE Sustainability Reporting Index criteria, and taking into account the size of our business and the community and industry that the Group operates in.
The broad categories of the Group’s Sustainability policy are:
Environment – materials, energy, water, emissions, effluent and waste, products and services;
Society – education, employment practices, occupational health and safety, training and development; and
Governance and related sustainability concerns – good corporate practices
The Board is responsible for ensuring that the Group operates as a responsible corporate citizen, and has set strategic guidelines for meeting sustainability requirements recognised by the Group, with the aim of translating its corporate values into sustainable business practices and interaction with all its stakeholders.