Annual Integrated Report

2019

Gathering
Momentum

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Underground Mining + Oil & Gas + Power & Water

About
this report

OUR ANNUAL INTEGRATED REPORT FOR THE YEAR ENDED 30 JUNE 2019, PRESENTS THE STRATEGY, GOVERNANCE, PERFORMANCE AND PROSPECTS OF THE GROUP, INCLUDING OUR WHOLLY-OWNED BUSINESS PLATFORMS, INVESTMENTS AND JOINT VENTURES IN WHICH WE HAVE SIGNIFICANT INFLUENCE.

The report is aimed primarily at providers of financial capital, our employees, clients and business partners. It is also likely to be of interest to a broader readership, as it covers our relationships with stakeholders deemed to be material to our ability to deliver on our strategy and to our reputation as a well-governed, ethical and responsible multinational organisation.

The report follows the same structure as last year, with the content index below setting out what is available in print and in the supplementary information provided online.

Materiality

Murray & Roberts defines material issues as those issues that substantively affect its ability to sustain its strategic, operational and financial performance, and those that are most likely to affect stakeholders’ assessments of the Group’s ability to create value over time. The materiality determination process considered the top issues that the Board and management dealt with during the year, the strategic plans of the Group and business platforms, the Group’s register of strategic risks, and issues raised through engagement with analysts and investors, business associations, non-governmental organisations and other civil society structures, as well as those reported on in the media. These issues were workshopped into four themes and related material issues for the Group and each business platform, and were reviewed and approved by the Group executive leadership. The material issues provided the basis for preparing the report, and supplementary information, to support focused and connected reporting.

Managing our material issues

 

                         
  FEEDBACK  

This integrated report is intended to provide the basis for meaningful engagement with our stakeholders. We welcome your feedback which can be provided to Ed Jardim, Group investor and media executive at ed.jardim@murrob.com.

    GLOSSARY
A glossary of acronyms and terms used in this report
    SUPPLEMENTARY INFORMATION ONLINE
www.murrob.com/inv-annual-reports.asp
 
                 

 

 

Integrated thinking

The Board committee structure, which has significant overlap in membership, and the Group's organisational, integrated assurance and sustainability frameworks promote integrated decision-making through defined policy, approval and assurance processes. The Group's organisational and risk management frameworks were revised during the year to align to King IV™ requirements and to reflect adaptions to oversight processes in line with changes in the Group's risk profile. The Group's approach to ethical leadership, corporate citizenship and sustainability, both in managing the pertinent risks and impacts, and in seeking competitive advantage as a contractor of choice and an employer of choice in its markets, are consolidated in its philosophy of Engineered Excellence. Continual improvement in the Group's standards, systems, best practices and reporting, in response to the operating environment and the needs of stakeholders, embed this philosophy at every level of the Group.

Governance overview

 

Engineered Excellence
for strategic advantage

Reporting frameworks

The information included in this integrated report is provided in accordance with IFRS, the South African Companies Act 71 of 2008 (as amended), the JSE Listings Requirements and King IV™. The Board has considered the requirements of King IV™ and adheres to its principles. We have taken cognisance of the International Integrated Reporting Council's < IR > Framework published in December 2013, and subsequently adopted by the JSE. Our sustainability reporting across the printed and online platforms has been prepared in accordance with the GRI Sustainability Reporting Standards at a core application level.

ONLINE
King IV™
application register

 

ONLINE
GRI G4
content index

 

ONLINE
Auditors’
report

 

Assurance

Our independent sustainability auditors, IBIS ESG Assurance (Proprietary) Limited, provided limited assurance over selected non-financial performance indicators. Accredited rating agency, EmpowerLogic, verified the Group's BBBEE rating and scorecard.

ONLINE
Assurance statement

Approval

The audit & sustainability committee, responsible for overseeing the preparation and presentation of the integrated report and supplementary information, and ensuring its integrity, believes that the integrated report addresses all the material issues that have a bearing on the Group’s ability to create value over the short, medium and long term. The committee recommended it for Board approval, which was obtained on 28 August 2019.

Important information on forward-looking statements