HIGHLIGHTS

HUMAN CAPITAL REFERS TO OUR EMPLOYEES, THEIR TALENT, SKILLS AND PERSONAL ATTRIBUTES THAT PLAY A VITAL ROLE IN CREATING VALUE FOR ALL OUR STAKEHOLDERS. CLOVER SEES HUMAN CAPITAL AS ONE OF ITS MOST VITAL ASSETS IN CREATING SUSTAINABLE VALUE.

The Company has revisited it’s human capital strategy in the light of changing demands and the need to align with the evolving labour market. The human capital strategy has been branded as Summit Step up.

NATURAL CAPITAL IS THE ENVIRONMENTAL RESOURCES USED BY THE COMPANY IN ITS VALUE CREATION PROCESS. CLOVER IS HEAVILY RELIANT ON NATURAL RESOURCES WHICH PLAY A VITAL ROLE IN OUR VALUE CREATION PROCESS.

We rely on land, water and agricultural crops in the production of our products. Our farmers are dependent on livestock to produce the milk that we purchase from them, and electricity is needed to run our operations.

Clover recognises our responsibility to reduce or even eliminate the impacts of our business on the environment. This responsibility relates not only to Clover’s direct operations, but also to our supply chain partners and their environmental impacts.

OUR MANUFACTURED CAPITAL GREATLY ASSISTS US IN FACILITATING VALUE CREATING ACTIVITIES, AS THE QUALITY OF OUR MANUFACTURED CAPITAL DETERMINES THE QUALITY OF OUR PRODUCTS AND SERVICES.

Along with the manufacturing of our products, Clover also has agreements with several major customers, for whom we provide distribution and in-store merchandising services

INTELLECTUAL CAPITAL REPRESENTS THE INTANGIBLE VALUE OF THE BUSINESS.

Innovation in our business is important for Clover in our value creation process. From new product innovations and product reformulations, to improved business processes, Clover is constantly looking for opportunities to increase value for all our stakeholders.

Over the years, Clover’s Marketing and New Product Development (“NPD”) Departments have developed several iconic household brands. These include Clover, Tropika, Butro and Krush, among others.

Clover’s in-house Information Technology (IT) Department provides the digital backbone for all our management systems and applications. Clover’s IT governance and its independent assurance is outlined in the governance, risk and compliance report, here.

SOCIAL AND RELATIONSHIP CAPITAL PLAYS AN IMPORTANT ROLE IN CLOVER’S VALUE CREATION PROCESS.

It involves the business itself, our customers and consumers, suppliers, employees and the communities we operate in

Clover prides itself in conducting business by considering our legal, ethical and economic responsibilities. While it is our goal to preserve profitability for our shareholders, we also aim to create higher standards of living and quality of life in the communities in which we operate.

Clover’s Mama Afrika project has positioned itself as a successful, award winning example of a sustainable and effective CSI project, which is making a real difference in the lives of many South Africans in need.

THE ROLE FINANCIAL CAPITAL PLAYS IN VALUE CREATION.

Our financial capital inputs consist of cash generated by our operations, as well as debt and equity financing. We use our financial capital to create value through investing in new product innovations, investing in our manufacturing process and investing in our people