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  • IN THE
    SPOTLIGHT
    2018
    This section of the report provides a summarised review of the year’s performance and a snapshot of the highlights and challenges of 2018.
    About this report 2018 highlights and challenges Chairman’s report
  • INTRODUCING
    CLOVER’S
    STORY
    If you want to get to know Clover as an organisation, read this section to gain insight into the fundamentals of our business: Who we are, what we do, how we create value and how we are governed. This is an analysis of Clover’s internal operating environment.
    Meet Clover Clover’s business model Directorate and management
    Governance structure Report on governance, risk and compliance Reputation as a value driver
  • ANALYSING
    CLOVER’S VALUE
    CREATION
    In this section we take you through the process that we follow in analysing our ability to create value. We unpack the external variables that impact on our ability to deliver value; we present the findings from a process of stakeholder engagement; we define the material issues and we analyse the top risks and opportunities. We then use this information to help us determine and evaluate a strategy that will ensure sustainable value creation.
    How our stakeholders’ needs inform our reality Our strategy
  • LEADERSHIP
    REVIEWS
    Using the analysis from the section above, our CEO and CFO provide a review of the Group’s performance by taking a closer look at how the operational, strategic and financial performance have translated into value-enhancing outcomes. This section also provides a summary of the board’s milestone achievements for 2018.
    CEO’s report CFO’s report
  • PERFORMANCE
    OUTCOMES OF
    THE SIX CAPITALS
    This section of the report provides a detailed account of the outcomes achieved as a result of our strategic initiatives in 2018. We unpack the input and outcomes for each of the six capitals.
    Report on the six capitals Human capital Natural capital Manufactured capital Intellectual capital
    Social and relationship capital Financial capital Six year Review Combined assurance on the six capitals
  • REMUNERATION
    REPORT
    This section of the report presents our remuneration report and remuneration policy for the year ended 30 June 2018.
    Letter to Shareholders Report on Remuneration Clover’s remuneration policy
  • ANNUAL FINANCIAL
    RESULTS
    The annual financial statements provide a touchstone to Clover’s ability to perform and create value. This section provides the audited financial statements for the 12-month reporting period from the 1st of July 2017 to the 30th of June 2018.
    Audit and risk committee report Approval of the financial statement Certificate by Company Secretary Independent auditor’s report Directors’ report Directorate and statutory information Consolidated statement of comprehensive income Consolidated statement of financial position
    Consolidated statement of changes in equity Consolidated statement of cash flows Notes to the consolidated financial statements Notes 1 - 10 Notes 11 - 20 Notes 21 - 30 Notes 31 - 34 Abbreviations Definitions
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  • IN THE SPOTLIGHT 2018
  • INTRODUCING CLOVER’S STORY
  • ANALYSING CLOVER’S VALUE CREATION
  • LEADERSHIP REVIEWS
  • PERFORMANCE OUTCOMES OF THE SIX CAPITALS
  • REMUNERATION REPORT
  • ANNUAL FINANCIAL RESULTS
  •   BACK
  • About this report
  • 2018 highlights and challenges
  • Chairman’s report
  •   BACK
  • Meet Clover
  • Clover’s business model
  • Directorate and management
  • Governance structure
  • Report on governance, risk and compliance
  • Reputation as a value driver
  •   BACK
  • How our stakeholders’ needs inform our reality
  • Our strategy
  •   BACK
  • CEO’s report
  • CFO’s report
  •   BACK
  • Report on the six capitals
  • Human capital
  • Natural capital
  • Manufactured capital
  • Intellectual capital
  • Social and relationship capital
  • Financial capital
  • Six year Review
  • Combined assurance on the six capitals
  •   BACK
  • Letter to Shareholders
  • Report on Remuneration
  • Clover’s remuneration policy
  •   BACK
  • Audit and risk committee report
  • Approval of the financial statement
  • Certificate by Company Secretary
  • Independent auditor’s report
  • Directors’ report
  • Directorate and statutory information
  • Consolidated statement of comprehensive income
  • Consolidated statement of financial position
  • Consolidated statement of changes in equity
  • Consolidated statement of cash flows
  • Notes to the consolidated financial statements
  • Notes 1 - 10
  • Notes 11 - 20
  • Notes 21 - 30
  • Notes 31 - 34
  • Abbreviations/li>
  • Definitions
 
 Clover Industries Limited Integrated Report 2018
home / performance outcomes of the six capitals / natural capital

NATURAL CAPITAL OUTCOMES

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.

 

FOCUS AREAS FOR 2018

Energy consumption
1 Waste produced
1 Water consumption
1 Carbon footprint

 

INPUTS AND OUTPUTS PER KILOGRAM OF PRODUCT PRODUCED


INPUTS

Inputs  Change  2018  2017 
Total water consumption (kilolitres) 2.62% 2 782 553  2 711 524 
Total direct energy consumption (ie fuels) (Gigajoules) -36.22% 900 194  1 411 596 
Total indirect energy consumption (ie electricity) (Gigajoules) -12.89%  387 647 445 027 
Sugar, fruit, milk, water, wheat      


INPUTS

Outputs Change  2018  2017 
Total weight of non-hazardous waste disposed (ton) -1.56% 4 299 4 367
Total weight of hazardous waste disposed (ton) 10.53% 4.2 3.8
Total weight of waste sent for recycling (ton) 482.13% 20 322 3 491
Total Carbon Emissions (tons of carbon dioxide equivalents, CO2e) -11.00% 210 971 237 059
Total Scope 1 Emissions (tons CO2 eq) -9.22% 105 536 116 253
Total Scope 2 Emissions (tons CO2 eq) -12.73% 105 434 120 807
Carbon intensity (tonnes CO2e per ton produced – based on scope 1 and 2 emissions) -28% 0,249 0,346


OUTCOMES

arrow Boiler combustion optimisation to focus on improved electrical efficiency technology.
1 arrow Initiative to recycle and re-use waste, organic waste is sent to a biomass plant.
1 arrow We have reduced the average water consumption per kg of product produced to 3.2 litres from 3.6 litres in the previous year.
1 arrow We have reduced our total carbon emissions by 11% from the prior period.
1 arrow Woodchip boilers are being investigated, to reduce the use of the carbon intensive coalbased boilers.
    An environmental management system has been implemented, and Clover’s production division is now certified as compliant with ISO 14001:2015.

MATERIAL TRADE-OFFS

The emissions and waste from our production processes have a negative impact on natural capital, however the production processes of creating valueadded products will ultimately result in an increase in financial capital and value for our stakeholders.

There is also a decrease in Clover’s financial capital as we invest in improving our processes, to minimize the impact of our operations on natural capital.

FUTURE OUTLOOK

Clover intends partnering with specialist service providers to ensure economies of scale through new technologies that will make Clover the efficiency leader in our market segments. Projected efficiencies include eliminating waste to landfill and effluent initiatives, among other environmental impacts. Clover’s end-goal is to create long term and sustainable value through good corporate citizenship.

The beneficiation of organic waste to generate energy will be further investigated to reduce Clover’s impact on the environment.

Clover is evaluating power generation through solar photovoltaics at six of its factories.

 

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Human capital
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Integrated Report
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AGM

Date: Monday, 26 November 2018 at 10am
Venue: Clover Headquarters
Notice to AGM
  Proxy

CONTACT

Head Office
200 Constantia Drive, Constantia Kloof,
1709, Johannesburg
Tel: +27 (0)11 471 1400

downloads
 

   Integrated Report
   Annual Financial Statements
AGM

Date: Monday, 26 November 2018 
at 10am

Venue: Clover Headquarters

 Notice to AGM
  Proxy

SHAREHOLDER INFORMATION

Head Office

200 Constantia Drive,
Constantia Kloof, 1709

Tel: +27 (0)11 471 1400

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