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Hyprop Investments Limited
Integrated annual report 2016
SOCIAL AND RELATIONSHIP CAPITAL
Broad-based black economic empowerment (BBBEE)
Hyprop recognises that integrating transformation into business practice is crucial for the sustainability of the company and South Africa. As such,
we support the aims of the property transformation charter.
The social and ethics committee is responsible for driving progress in specific areas of the BBBEE scorecard. Management is dedicated to
substantially increasing BBBEE at all levels of our business to assist in redressing the imbalances of the past and empowering historically
disadvantaged individuals.
New BBBEE codes were effective from 1 April 2015, but property sector-specific code adjustments were postponed to October 2015. The new
certificate will be available online from November 2016.
Corporate social investment (the Hyprop Foundation)
Corporate social investment (CSI) takes place at group level through the Hyprop Foundation to ensure we focus on addressing identified needs
in communities around our properties, or those affected by our business operations.
The foundation’s long-term vision is to ignite a culture of sustainable projects for communities that support our business and to encourage our
people and stakeholders to be involved.
In 2016, the Hyprop Foundation invested over R1,3 million in projects, primarily focused on education and community upliftment programmes.
Funding
The Hyprop Foundation’s budgets and projects are approved and monitored by the social and ethics committee. In line with the foundation’s
vision, funding is generated through a system of “value shares”. The shares are created by Hyprop employees and stakeholders (e.g. retail tenants)
contributing their time and resources to identified initiatives and the value of involvement is converted to a funding value. The aim is to ignite
a culture of involvement in the company and with its stakeholders.
The foundation categorises these value shares as:
Donation shares
Projects may require immediate donations of cash and products. Every tin of food, book or blanket collected counts as
a donation share. A percentage of theatre productions and holiday events at shopping centres are allocated to project funding
Health shares
Healthy living and activities are encouraged. Every kilometre walked, run or swum for a cause at specified events is
rewarded with health shares
Hour shares
When a Hyprop employee participates in a project, each hour worked translates into a predetermined Rand value for the
foundation
Skills shares
Individuals with specific skills donate their time to initiatives that enhance community upliftment and skills transfer
Children participating in the MES gymnastics programme