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Commitment to our communities

Sustainability report 2024

Commitment to our communities

Our community initiatives are central to our values of making an unselfish contribution to society

Our approach:

communities

Our vision to create enduring worth depends on a thriving economy with active economic participants and a healthy planet. Our community initiatives are central to our values of making an unselfish contribution to society, nurturing an entrepreneurial spirit, valuing diversity and respecting others – all of which support our commitment to reducing inequality (SDG 10) and underpin our aim to be a responsible organisation. In addition, our community initiatives include our passion to preserve biodiversity through our conservation efforts and greening our communities, acknowledging the clear link between climate change and biodiversity loss.

We understand that no single business can address the many socioeconomic needs that continue to present everyday challenges for many in the geographies in which we operate, so we have focused on that which we believe is better aligned to our philosophy. Our approach focuses on three categories of impact: education and learnershipsentrepreneurship and job creation, and environment and philanthropy.

We are committed to:
Education and learnerships

We focus on creating education and learnership opportunities within our communities contributing to SDG 4 (Quality education).

Entrepreneurship and job creation

We aim to create jobs for young people through quality work experience placements. Through our entrepreneurship and job creation programmes we contribute to SDG 8 (Decent work and economic growth).

Environment and philanthropy

We have a strong commitment to ensure we live sustainably, within the planetary boundaries. We do this by protecting biodiversity, promoting a clean environment and supporting high-quality, carbon reduction initiatives.

Staff volunteerism

Through our staff volunteering programme we support and encourage staff participation. We believe that far more can be achieved through our collective knowledge, expertise and influence than through cash donations alone.

Learn more about our commitment to:
  • Education and learnerships

    In South Africa, our education interventions are intended to drive change that will see a greater number of disadvantaged youth produce exceptional maths and science results, make informed career decisions, access tertiary education, and pursue and complete courses in the financial sector and other critical qualifications which they may not have been able to pursue without exposure to our initiatives. Our learnership opportunities aim to address the youth unemployment in our county and we facilitate placing youth interns with our partner organisations. 

    In the UK, we aim to empower young people to achieve their goals in life through the education projects we support. While we recognise the importance of academics, our community partners also focus on employability as well as life and interpersonal skills.

  • Entrepreneurship and job creation

    In South Africa, our approach is the desire to enable as many people as possible, especially the youth, to become active economic participants in society. This has a positive effect on those people, as well as their communities and society. Economically active people quickly realise a sense of contribution, worth, dignity and direction and stand a better chance of occupying their rightful place in society. We are aware of the many socio-economic challenges in South Africa, but recognise the possibilities of enabling people to become active economic participants through entrepreneurship as one of our key corporate social investment (CSI) focus areas.

    In the UK, we help launch new social enterprises. The launched enterprises tackle a variety of social issues such as youth unemployment, social exclusion, food poverty, homelessness, upcycling plastics and more. Many of the entrepreneurs are female, black and of ethnic minority.

  • Environment and philanthropy

    We believe that investing in biodiversity and inclusive conservation is vital to sustaining our rich wildlife and will lead to a better future for us all. As such, our approach to conservation reflects the group’s focus on climate action and inequality. 

    In South Africa, we partner with specialist NPOs in conservation and education to protect critically endangered species and the environment they inhabit, by uplifting vulnerable communities living alongside national parks and reserves, promoting a clean environment through carbon-reducing initiatives, and combatting illegal wildlife trafficking, using our business systems and resources.  

    The same strategy applies in the UK, where our philanthropic conservation activities focus specifically on birds of prey and vultures, through rescue, rehabilitation and rewilding, and support conservation education and community upliftment through wildlife workshops for students from schools in underprivileged and inner-city areas, reconnecting them with nature through the activities of our partners at their location in Andover.

  • Staff volunteerism

    In South Africa and the UK,  we support and encourage staff participation through our staff volunteering programme. Our people give selflessly giving of their time, money, goods and skills to support our communities.

     

     

commuties sdgs

Performance against our targets

At 31 March 2024 CSI spend as a % of operating profit* was 1.1% against a target of >1%

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* Before goodwill, acquired intangibles, non-operating items, taxation and after other non‑controlling interests.

Progress and priorities
Progress in 2024
Investec Limited
  • Our Promaths learners continued to achieve exceptional results in maths and science contributing 6% and 7% in maths and science respectively to South Africa’s national distinctions
  • We awarded high school bursaries to financially needy grade 10–12 learners who show exceptional academic potential. In 2023 we had a cohort of 78 learners (2022: 75 learners), 48 of whom were in grade 12, their final year of school
  • We have more than 22 000 registered users on our Career Xplora app offering career guidance (2022: 15 336)
  • We offered 93 full-cost university bursaries to individuals with great academic potential and financial need (2022: 73 university bursaries).
 
 
Investec plc
  • We continued to invest in Arrival, helping young people from lower socio-economic backgrounds and minority ethnic groups. We have supported 2 260 learners through Arrival since inception
  • We continued to be the sole funder for the Bromley by Bow Centre’s social incubation programme, Investec Beyond Business and contributed to 62 social enterprises launched since inception
  • Staff volunteerism increased to 545 volunteers with   volunteering hours (2023: 503 volunteers, 3 477 hours).
Priorities for 2024
Investec Limited
  • Championing improved leverage and synergy across our initiatives for greater impact
  • Promote Promaths as a key partnership opportunity for potential partners to expand the number of Promaths sites across the country, benefiting more learners 
  • Expand the Promaths Bursary Fund to support more financially needy and academically deserving students
  • Expand the Promaths Bursary Fund to support more financially needy and academically deserving students.

Investec plc

  • Increase and drive our staff volunteering with new partnerships and more impactful opportunities for colleagues to contribute
  • Evolve our education and employability offering through a new programme with Arrival
  • Strengthen awareness of climate and nature through our renewed environmental partnerships.

 

Key learnings

In South Africa, we identified an opportunity for further focus on our CSI strategy going forward. There can be greater leverage across our various initiatives, people, and other parts of the business to create greater impact. The increasing number of unsolicited requests and associated pressure on our team to respond has necessitated us to relook at our usage of human resources and technology to manage the volumes.

In the UK, challenges facing our communities continue to persist. High inflation has resulted in a higher cost of living and increased reliance on foodbanks. Austerity measures have also impacted our community partners, making it difficult for them to provide essential services. This reinforces the ongoing need for the programmes we support at the Bromley by Bow Centre and with Arrival.

2024 highlights

£10.0mn*

spent on community initiatives (2023: £10.5mn**)

2 260

young people supported through Arrival in the UK in the past 15 years (2023: 2 108 learners)

9 399

staff volunteering hours with 3 420 staff^ involved

* Before goodwill, acquired intangibles, non-operating items, taxation and after other non‑controlling interests

** Restated with immaterial impact

^ Some staff attended more than one volunteering event.

Download the full report

Sustainability report 2024