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Capricorn takes social responsibility seriously


THE Capricorn Group and its subsidiaries in Namibia and Botswana invested N$15,4 million in corporate social responsibility (CSR) initiatives for the period ending on 30 June.

This was contained in a media statement released by the Namibia Stock Exchange-listed group yesterday, and involves an increase of 26,9% on the group’s past investment.

“This represents 1,3% of the group’s profit after tax, which is in line with the group’s corporate social responsibility policy guideline of 1% of profit after tax.

“The first stand-alone social value report of the Capricorn Group reflects our approach to corporate social responsibility, and outlines the activities of the group, as well as the Capricorn Foundation and its subsidiaries, Bank Windhoek, Capricorn Asset Management, Entrepo and Bank Gaborone.

“As a responsible corporate citizen, the group’s CSR vision is aligned to its purpose: to be an inspiring connector of positive change by creating economic value in a responsible way that creates sustainable opportunities for advancing and improving economic and social conditions in the communities in which the group operates.

“For the group, corporate social responsibility means doing the right thing for the right reasons,” says Marlize Horn, group executive: brand and corporate affairs and executive officer of the Capricorn Foundation.

The Capricorn annual social value report follows the release of the group’s integrated annual report and annual financial results on 14 September.

“Capricorn Group is a responsible corporate citizen with a strong sense of accountability to our stakeholders, and the group is proud of its contributions to society in pursuit of its purpose of being connectors of positive change, and strives to be open, transparent and accountable in reporting its CSR programmes and their impact,” the statement reads.

“As we emerge from the Covid-19 pandemic, our country needs CSR investment more than ever, and there is tangible enthusiasm for making a positive difference in communities.

“Much can still be done to address the needs of society, but with every action taken, we are one step closer to creating a better tomorrow for everyone,” Horn says.

Establishing the Capricorn Foundation in February 2020 as a registered non-profit organisation has significantly enhanced the strategic focus and impact of the group’s CSR investments, she says.

She says the foundation has positioned itself as a thought leader in CSR with a portfolio of 16 impactful projects operating across Namibia over the past two years.

Furthermore, Capricorn Group’s employee volunteer programme, the #changemaker programme, adds substantial value to its CSR initiatives.

“Enabling our employees to volunteer their productive time to support communities builds pride in our brand, enhances employee engagement, and connects our employees to our purpose,” Horn says.

– Email: [email protected]





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