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Sustainability

Sustainability

Message from Managing Director

Printcare is a relatively small company but is committed to sustainable value creation, for its shareholders and varied stakeholder groups. We recognize that as a leading printing and print services company globally we have a responsibility to establish a benchmark for sustainability. We believe that business acting as businesses not charitable donors are the most powerful force for addressing the pressing issues we face.

Sustainability for business is an optional imperative and strategic opportunity in the face of more stringent regulations imposed by Governments both in the country where goods and services are purchased and in the country where they are delivered.

Consumers themselves are demanding products that support the ecology and have longer life cycles and more value. It is clear that Companies that embrace this change will position themselves for continued growth in tomorrow's economy, reap the benefits, and find themselves in a position of leadership.

At Printcare, we do not wish it to be merely a program or a set of good intentions, but a set of behaviors and actions that are integrated with the business strategy of our Company and reflected in our culture. We believe sustainability is the growth opportunity of the 21st century, but we don't think it's just about being "green". It's about rethinking how the world works and finding smarter ways to do the simple actions that make up our daily lives. We recognize that societal needs not just conventional economic needs, define markets, and social harms can create internal costs for firms over the long term.

We are aligning our policies and operating practices in such a way that they enhance the competitiveness of the company while simultaneously advancing the economic and social conditions in the communities that we operate in.

At Printcare, we are working towards a more sophisticated form of capitalism, one imbued with a social purpose, a purpose that will arise not out of charity, but out of a deeper understanding of competition and economic value creation.

K. R. Ravindran | Managing Director

Rethinking how the world works and finding smarter ways to do the simple actions that make up our daily lives.

Opportunities and Challenges

Taking risks, facing challenges and identifying opportunities is an inherent part of entrepreneurial behavior. Sustainability risks and opportunities are identified using our Enterprise Risk Management (ERM) Framework, and by considering issues raised by our key stakeholders and international benchmarks for sustainable performance. Our team then explores options, designs strategies and implements solutions. These solutions are then built into our strategic planning and operating plan processes to ensure continuous execution.

Managing challenges and opportunities forms an integral part of business management and are essential to the sustainability and growth of the business and safeguarding the Shareholder’s investment and Customer service.

Some of the key challenges and opportunities that have been identified are shown below and are published annually in order to give stakeholders an insight into the risks the company faces and the mitigating actions that are in place as contingency. The described risk factors below are not in order of significance or expected adverse impact.

 

Managing opportunities and challenges forms an integral part of business management and are essential to the sustainability and growth of the business.

Challenge

To successfully integrate acquired businesses to achieve our stated goals.

Opportunity 

sharing and leveraging best practices of acquired businesses across the integrated Company.

Challenge

Community support for our operations. our social license to operate 

Opportunity

To build effective partnerships and seek constructive dialogue with the communities in whish we operate.

Challenge

Occupational health and safety

Opportunity

To become internationally recognized for our safe work practices and to share our expertise with our suppliers and customers to help them achieve their own health own health and safety goals.

Challenge

Talent management

Opportunity

Employee engagement and recognition as employer of choice, allowing us to attract and retain the best talent.

Challenge

Regulatory and stake holder expectations for operations with low environmental impact

Opportunity

 We are reducing the environmental impacts of our manufacturing processes and products to create new areas of competitive advantage and reduce costs

challenge

Changing consumer tastes towards sustainable packaging products

Opportunity

To become a leader in sustainable packaging. creating new areas of competitive advantage through supply chain partnerships and product life cycle assessments.

Challenge

Volatile Exchange and interest rates

Opportunity 

Continuously improve our rate forecasting abilities and maintain constant communication with institutions that can advise us in advance of potentially harmful movements.

Challenge

The introduction of new regulations or the amendments to existing regulations by the government locally and/or internationally which may be adverse to business and complexity in complying with all regulatory requirements. 

Opportunity

Conduct Compliance review at group and business levels quarterly to ensure that all business units adhere to legal and statutory requirements.

Stakeholder Engagement

Partnerships are fundamental to the way in which we run our business. They help to build trust among our key stakeholders and to reach a better understanding on a variety of important issues. Partnerships also pave the way for more successful solutions to problems, concerns and challenges. Printcare considers engagement to be an increasingly important component of its corporate citizenship strategy. Our engagement efforts help Printcare identify those issues that are most material to our business operations and shape our approach to addressing a range of areas relating to the financial, social, and environmental performance of the organization. We are continually working to enhance the quality of our community engagement and external relations, with the goal of fostering understanding, trust, and cooperation on key issues. To be effective, our efforts must be built on honest, transparent, accurate, and timely information. Over the past year, our engagement driven activities covered a wide range of topics, including environmental, governance,and social issues.

We are committed to sustainable value creation for our verified stakeholder group

Corporate Governance

Building a culture of integrity in today’s complex business environment demands high governance standards in every area of our operations. Printcare’s commitment to full compliance is backed by a vastly experienced board. The Printcare Board of Directors focuses on areas important to our share owners and other stakeholders, namely strategy, risk management and people. The Printcare Board is comprised of seven Directors including one Non-Executive Chairman, one Non-Executive Deputy Chairman, two Independent Directors, two Non-Executive Directors and one Executive Director. All the Directors are equipped with a broad range of skills and experience. The Managing Director has over 40 years of experience in the printing & packaging industry. The primary role of Printcare’s Board of Directors is to oversee how management serves the interests of shareowners and other stakeholders. To do this, Printcare’s Directors have adopted corporate governance principles aimed at ensuring that the Board is independent and fully informed on the key risks and strategic issues facing Printcare.

Our focus is on building a culture of integrity in today’s complex business environment.