About this report

The Grindrod Limited (Grindrod) integrated annual report aims to provide stakeholders with a balanced assessment of Grindrod's ability to create and sustain value.

Reporting scope and boundary

The report, together with the audited Annual Financial Statements and other supplementary information available on the Grindrod website, provides a complete and fair review of Grindrod's economic, social and environmental performance, inclusive of the information on subsidiaries, joint ventures and associates, within the context of its strategy, risks and opportunities for the financial year ended 31 December 2022. Disclosure is guided by the material factors that our directors believe will substantially impact on Grindrod's ability to create and preserve value for stakeholders while preventing value erosion.

Full details

Who we are and our core services

Who we are and our core services

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Material Matters IN OUR EXTERNAL ENVIRONMENT

OUR STRATEGIC ESG OBJECTIVES AND HOW WE CREATE VALUE

Our daily efforts are underpinned by an emphasis on ESG matters to create and preserve sustainable value. Grindrod's newly adopted ESG transformation framework (page 26) is driven by our four strategic objectives of prosperity for all, regenerative environment, socially inclusive development and good governance, underpinned by nine business imperatives. We create value through the performance of our business divisions, including subsidiaries, joint ventures and associates, in terms of our four overarching ESG objectives.

PROSPERITY FOR ALL

REGENERATIVE ENVIRONMENT

Socially inclusive development

Good governance

SOCIAL

LTIFR (Port and Terminals and Logistics)
0.38
target <0.5
(2021: 0.47)
Fatalities
0
(2021:0)
Social responsibility spend
R6.7 million
(2021: R7.9 million)
Training provided
1322 employees
(2021: 1 258)
B-BBEE
Level 3
(Grindrod Limited)
(2021: Level 2)
B-BBEE
Level 1
(Grindrod South Africa Pty Ltd)
(2021: Level 2)

Environmental

GHG
emissions
(CO2e)
27.4%
92 778 tonnes
(2021: 127 737 tonnes)
Electricity
intensity
26.0%
5 916 kWh/FTE
(2021: 4 694 kWh/FTE)
Water
intensity
51.0%
24.3 Kl per Rand revenue
(2021: 49.1 kl per Rand revenue)
GHG emissions
intensity
(grams CO2 per Rand value)
56.9%
15
(2021: 34)

Economic

Revenue
38.8%
R24 360 million
(2021: R17 549 million)
Trading
profit
25.8%
R1 917 million
(2021: R1 524 million)
HEPS
49.3%
112 cents
headline earnings
(2021: 75 cents)
Cash generated from operations
62.5%
R1 688 million
(2021: R1 039 million)
Controlled entities only
Net asset value per share
3.0%
1 211 cents
(2021: 1 176 cents)