Sustainable business model
Firstrand’s integrated approach to managing financial and non-financial issues enables the alignment of financial and non-financial performance with long-term strategic objectives, risks and value drivers – this means that every transaction with every stakeholder can become an opportunity to create sustainable value
Integrated governance model
FirstRand's integrated governance model allows for coherence between Group strategy implementation and the long-term interests of its stakeholders. This is achieved through ensuring that the Group's three lines of defence area appropriately aligned using a risk-based approach to identifying, monitoring and managing material issues.
FirstRand has defined its stakeholders as entities and individuals that are significantly affected by its activities and those which have the ability to impact the Group's strategies and objectives.
FirstRand’s stakeholder policies are developed and implemented at both Group and subsidiary levels. In cases where policies are required to address specific needs of business units and their stakeholders, these policies are developed and applied at business unit level with appropriate Group oversight via the executive committee.