Sustainability reporting covers economic performance, social responsibility and environmental care. Telkom subscribes to several ESG-related frameworks, and the Group’s ESG strategy is aligned with our obligations under these frameworks. The Group acknowledges that it has an impact on the creation, protection and enabling of socio-economic value throughout the business. Refer to the ESG strategy for more information.
Our ESG-related policies show our commitment to management of the environment, employees, social matters, human rights and anti-corruption, and are available online.
The Group adopted the various sustainability frameworks and participated in the indices as set out here.
The United Nations SDGs
Telkom supports four primary SDGs with selected targets. We demonstrate our contribution throughout this report, with a detailed summary on Telkom's contribution to the United Nations SDGs.
Task Force on Climate-related Financial Disclosures
We formally support the TCFD. Refer to the summary on Natural capital.
Global Reporting Initiative Standards
Telkom aligned its definitions of sustainable KPIs to relevant Global Reporting Initiative Standards definitions, which facilitates comparability.1
CDP
Telkom continues to participate in CDP climate reporting. We achieved a B score in 2023. The 2024 score will be concluded after December 2024. Refer to the CDP report online.
MSCI
At the date of approval of this report, we were rated A in the MSCI ESG Index, up from BBB in 2023.
S&P Global – Corporate Sustainability Assessment
Telkom took part for the second time this year and scored 45/100 (improving from 34/100 in 2023). We aim to improve this score going forward.
Sustainalytics
Telkom scored 25.8 (medium risk) for overall ESG score for 2023.
The DTI
We are a Level 1 broad-based black economic empowerment (B-BBEE) contributor for BCX and Telkom.
EY Excellence in Integrated Reporting Awards
Our integrated report was ranked “Excellent” for the seventh consecutive year in FY2022.
B-BBEE Codes of Good Practice
We are a Level 1 B-BBEE contributor for the second year in a row.
JSE Sustainability Disclosure Guidance
To improve our disclosure of sustainability-related information, we have appointed an external service provider to assist with implementing the JSE Sustainability Disclosure Guidance in FY2025.
| 1 | In alignment with the revised GRI Universal Standards effective 1 January 2023. |