About this report
Our Annual Integrated Report for the year ended September 2018 provides both an assessment of our strategy and delivery as well as an introduction of our strategic direction, mission and vision together with our value statement. The report deals with key opportunities and risks in our markets as well as our performance against financial and non-financial objectives, along with our priorities and expectations for the year ahead. While the report addresses issues pertinent to a wide group of stakeholders, the primary audience is our shareholders. Our global and regional sustainability reports address the wider audience in more detail on key material issues.
Integrated thinking and the 3Ps
At Sappi, we believe in taking an integrated approach to value creation. We understand that the long-term sustainability of our business will only be ensured by delivering sustained value for our stakeholders. In understanding our value creation process, we take an integrated approach, considering Prosperity, People and Planet – an approach that is aligned with the International Integrated Reporting Council (IIRC's) six capitals model.
Scope and boundary
The scope of this report includes all our operations (see Where we operate). We aim to present information that is material, comparable, relevant and complete. The issues and indicators we cover reflect our significant economic, environmental and social impacts, and those we believe would substantively influence the assessments and decisions of investors. The materiality of the information presented has been determined on the basis of extensive ongoing engagement with our stakeholders and has been assessed against the backdrop of current business operations, as well as prevailing trends in our industry and the global economy.
In preparing this report, we have tracked environmental findings and research, public opinion, employee views and attitudes, the interests and priorities of environmental and social groups, as well as the activities, profiles and interests of investors, employees, suppliers and customers, communities, governments and regulatory authorities.
This report is aligned with the King IV Code on Corporate Governance (King IV).
We obtained external limited assurance on selected sustainability key performance indicators included in our 2018 Sappi Group Sustainability Report. The independent practitioner's limited assurance report is included in the 2018 Sappi Group Sustainabilty Report.
Our sustainability information also continues to be verified by our internal audit team. Their verification process includes reviewing the procedures applied for collecting and/or measuring, calculating and validating non-financial data, as well as reviewing reported information and supporting documentation.
In addition, most of our key operations undergo external verification including the Eco-Management Audit System (EMAS) in Europe, ISO 50001 energy certification in Europe and Southern Africa and globally, ISO 14001 environmental certification, ISO 9001 quality certification and OHSAS 18001 certification.
We are also assessed in terms of the forest certification systems we use, and in South Africa, our broad-based black economic empowerment (BBBEE) performance is assessed by an external ratings agency.
In 2018 Sappi Limited was a constituent of the FTSE/JSE Responsible Investment Index and the FTSE/JSE Responsible Investment Top 30 Index. Being included in these indices means that our sustainability performance has been externally assessed.
Collectively, these external assessments and certifications as well as interaction with our stakeholders give us confidence that our performance indicators are reliable, accurate and pertinent. The SETS Committee is satisfied that the sustainability information presented in this report has been provided with a reasonable degree of accuracy.
Due to our delisting from the New York Stock Exchange in 2013, we no longer publish an annual report on Form 20-F. For information on the combined assurance framework relevant to the disclosure in this report, and for the Independent Auditors' Report, see Group Annual Financial Statements on www.sappi.com/annual-reports. This year's report does not include summarised financials. However, the full Annual Integrated Report with financials is available on www.sappi.com/annual-reports in interactive and PDF-format.
For important information, refer to the forward-looking statements.
Annual Integrated Report and Group Annual Financial Statements
Quarterly results announcements and analyst presentations
Group Sustainability Report
The Sappi Limited board acknowledges its responsibility for ensuring the integrity of the Annual Integrated Report and, to the best of its knowledge and belief, the 2018 Sappi Annual Integrated Report addresses all material issues and presents fairly the integrated performance of the organisation and its impacts. The report has been prepared in line with best practice and the board confirms that it has approved this Annual Integrated Report and authorised it for release on 06 December 2017.
|Sir Nigel Rudd
Chief Executive Officer