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Remgro Limited: Role in the community
Posted by Daniel Makhura on 22 September 2017 9:45 AM SAST
More information about the above
Remgro Limited corporate social investment initiatives and donations programme covers a broad spectrum of society and can be summarised as follows:
Community development
Cultural development
Entrepreneurship, training and education
Environment
Healthcare
Sport development
Remgro Limited aims to maintain a corporate social investment (CSI) spend of approximately 2.5% of its net free cash flow annually. In this regard an official donations committee meets regularly to consider and approve grants to institutions in need. Donations to qualifying institutions are made on an annual basis for a specific period and, although such contributions cover a wide range, there are two noticeable exceptions: political parties and religious institutions. Remgro respects its employees’ choice to participate in these institutions, but does not exercise a choice itself.
Lastly Remgro Limited spend 10 million rand in 2016 and 6 million rand in 2015 on Entrepreneurship, training and education.
