OUR CAPITALS
Meeting the needs, interests and expectations of all of our stakeholders and applying new energy to our engagement approach after a difficult period dominated by lockdowns and remote working, is intended to strengthen the foundation of our relationships.
Strong relationships and ongoing engagement with all our key stakeholders are paramount to the ongoing sustainability of our operations and value creation. Stakeholder management has therefore been elevated to a strategic level to manage stakeholder relations and oversee this area more holistically, ensuring we meet expectations and strengthen the quality of our relationships.
Stakeholder engagement is monitored by the Governance, Social and Ethics Committee. We have applied new energy behind the engagement with donor structures to ensure that they remain engaged after a difficult period dominated by lockdowns and remote working.
Stakeholder surveys are undertaken from time to time. Emphasis on these will increase going forward. We initiated the process of revising the stakeholder map using the Power Interest approach (see graphic) to identify, assess and prioritise stakeholders.
Influence/Power of stakeholder | High Power, Low interest [Meet their needs,Keep satisfied] | High Power, High Interest [Key player, Engage closely] |
Low Power, Low interest [Least important, Minimal effort] | Low Power, High Interest [Show Consideration,Keep informed] | |
Interest of stakeholders |
We group our stakeholders as follows:
The information that follows describes our frequency of engagement with our stakeholders, their needs, interests and expectations, risks and opportunities and how we respond to these. We also provide our assessment of the current relationship against a desired relationship and give details of the status of current engagements with our various stakeholders.
SANBS Employees, Ongoing engagement
Metrics used to measure quality of relationships: DNA culture score, Employee surveys, 360° feedback & THREAD value alignment
Current Relationahip: Good | Desired Relationship: Trusted | Responsible: Executive Management
Regular engagement
Metrics used to measure quality of relationships: Board evaluations
Current Relationahip: Good | Desired Relationship: Trusted | Responsible: CEO and Company Secretary
Unions,Ongoing engagement
Metrics used to measure quality of relationships: No strikes, Number of grievances and disciplinaries & Time taken for wage negotiations
Current Relationahip: Good | Desired Relationship: Trusted | Responsible: Chief Human Capital Officer
Blood donors, Ongoing engagement
Metrics used to measure quality of relationships: Donor feedback/surveys
Current Relationahip: Good | Desired Relationship: Trusted | Responsible: Executive management