We are pleased to present Imperial Holdings' Sustainable Development Report for the year ended 30 June 2016. The report presents an analysis of Imperial's sustainability performance in areas that we believe are important to our business and to our stakeholders.

The intended readers of this report are the group's broad base of stakeholders, both in South Africa and internationally, covered by our financial capital, business, human capital, regulatory and societal relationships. Our employees remain a key audience as we develop the knowledge and understanding required to address sustainable challenges more consistently across the group.

The report covers the group's subsidiaries over which it has operational control, including those outside of South Africa. Leased facilities are treated as group-owned for reporting purposes. Data excludes businesses that have been sold or discontinued and businesses that are held for sale. Entities that are not operationally controlled, including assets that are owned but not operated by the group, are not included in the scope of this report.

The group's material issues reflect the most important considerations in the board's deliberations and management's thinking in managing and positioning the group to deliver capability-based growth and focused value creation for its stakeholders. This report covers the sustainability aspects that relate most closely to the following two group material issues:

•	developing effective leadership and empowered people; and
•	strengthening legitimacy among all stakeholders.

The social, ethics and sustainability committee reviewed and recommended the 2016 Sustainable Development Report for board approval.