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BUSINESS MODEL
AND STRATEGIC
OBJECTIVES
LEADERSHIP
GOVERNANCE
SHAREHOLDERS’
INFORMATION AND
ADMINISTRATION
OPERATING
PERFORMANCE
FINANCIAL
PERFORMANCE
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
91
PROGRESSING ON OUR INTEGRATED
REPORTING AND ASSURANCE
JOURNEY
Our approach to preparing our integrated annual
report has evolved over the past few years.
For this year’s report we have focused on the virtual
distribution model represented by the train analogy.
Furthermore, as part of this year’s reporting process
we have identified focus areas for the next reporting
cycle, including refining our approach to identifying
our material issues, and following from this the way in
which we monitor, measure and report on our value
creation processes.
To this end, we have decided to not undertake
external assurance on selected non-financial indicators
as we have done for the previous years, so as to
allow for our focus on refining our underlying systems
and processes.
OUR MATERIAL ISSUE IDENTIFICATION
PROCESS
At Blue Label, we consider materiality to be about
identifying the issues that matter most to our business
and our stakeholders. Through an enhanced
understanding of our material issues and enhanced
stakeholder dialogue, we believe this will help us to
decide where to focus our internal resources, but will
also help us to identify issues that stakeholders would
like to see us cover in our reporting.
Blue Label is therefore embarking on a journey to
enhance its process of determining the Group’s
material issues. The key steps of this process
would cover:
ASSURANCE
REPORT
➔
➔
Develop generic critical success
factors for data assurance
➔
➔
Develop robust reporting practices
➔
➔
Develop key performance
indicators for assurance based on
our material issues
➔
➔
Understand our combined
assurance model and obtain
assurance
Understand our
key issues and
impacts
Map our key
issues and impacts
to our strategy,
risks and
stakeholders
Reporting and
assurance of
information in the
integrated
report
Align the key
issues and
impacts with
Blue Label’s
business
model
➔
➔
Understand who our material
stakeholders are and their issues
➔
➔
Identify key risks and
opportunities
➔
➔
Link to strategy
➔
➔
Identify key performance
indicators
➔
➔
Align the issues to our
business model
➔
➔
Understand external and
macro market issues
➔
➔
Conduct industry benchmarking
➔
➔
Conduct internal and external
interviews as appropriate