ESG Report: Multichoice Group Prioritizes Job Creation and Skills Development

Multichoice Group remains dedicated to purpose-driven initiatives, prioritizing job creation, skills development, and small business empowerment, as outlined in its latest Environmental, Social, and Governance (ESG) report. Published today, the report emphasizes the Group’s commitment to enriching lives and contributing positively to societal progress through strategic endeavors.

This year, MultiChoice commemorates thirty years of enriching lives and revolutionizing Africa's entertainment landscape through impactful initiatives in sports, entrepreneurship, sustainability, employee development, and local storytelling.

MultiChoice's ESG strategies and initiatives are aligned with the United Nations' Sustainable Development Goals (SDGs), with a particular emphasis on areas where the company can directly contribute to positive outcomes in the communities in which it operates.

“We are committed to making a significant and positive impact on the communities we serve. We prioritize initiatives that address the most pressing needs and challenges. Our latest ESG report demonstrates Multichoice Group’s unwavering commitment to promoting job creation, enhancing skills development, and empowering small enterprises across various sectors," Multichoice Group stated.

The report’s key highlights include the generation of new employment opportunities in the music, entertainment, and related industries/sectors, the introduction of specialized programs focused on enhancing vocational skills, and partnerships with organizations/companies to provide assistance to small businesses through various programs/initiatives.

Environment

The profound impact of climate change on Africa demands immediate attention, particularly considering the continent's vulnerability due to its reliance on climate-sensitive sectors. MultiChoice acknowledges the urgency of this matter and is firmly committed to mitigating its environmental footprint. The company has proactively implemented various initiatives, including substantial investments in renewable energy sources, the execution of comprehensive carbon footprint reduction strategies, and the adoption of sustainable business practices. These concerted efforts are aimed at combating climate change and safeguarding the long-term viability of our planet.

“Our corporate responsibility approach is an integral part of our business strategy. By integrating sustainability into our operations, we seek to create long-term value for our stakeholders while driving positive societal change.”

MultiChoice's environmental strategy is founded on four key pillars: establishing strategic partnerships, preserving natural resources, developing solutions that improve environmental performance, and minimizing direct environmental impact.

A notable collaboration is the Earthshot Prize. As a member of the Earthshot Prize Global Alliance, MultiChoice partners with The Earthshot Prize to promote environmental sustainability in Africa. This year, a record-breaking 400 entries were received from across the continent for The Earthshot Prize 2024. The most outstanding African eco-innovators will be selected to compete for these 2024 Awards and have the opportunity to win £1 million.

Governance

MultiChoice is committed to maintaining the utmost standards of corporate governance, ethics, and integrity. These values are essential in facilitating the creation of value for all parties involved. A key priority for the company is combating unauthorized retransmission and piracy of its content, which presents a substantial risk to the business and the broader industry.

MultiChoice is working closely with Partners Against Piracy (PAP) as well as different government entities and stakeholders throughout Africa to implement measures aimed at addressing broadcasting piracy.

In addition, a multi-governmental workshop has been scheduled for mid-2024 to conduct a thorough review of existing piracy policies and actions, with a specific focus on amending cybercrime legislation. This workshop will involve the participation of key departments, including Justice and Constitutional Development, Communication and Digital Technologies, and Correctional Services, demonstrating a collective commitment to combating piracy and safeguarding intellectual property rights.

Governance

MultiChoice is committed to maintaining the utmost standards of corporate governance, ethics, and integrity. These values are essential in facilitating the creation of value for all stakeholders. A key area of emphasis for the company is the battle against unauthorized retransmission and piracy of its content, which presents a substantial risk to the business and the broader industry.

MultiChoice is working in partnership with Partners Against Piracy (PAP) as well as different government entities and stakeholders throughout Africa to implement measures aimed at combating broadcasting piracy.

Economic impact

MultiChoice's strategic initiatives and partnerships have yielded substantial contributions to local content, empowering small and medium-sized enterprises and fostering skills development. These endeavors have positively impacted job creation and economic empowerment.

The publication of the ESG report emphasizes Multichoice Group’s commitment to aligning with international sustainability objectives and generating a lasting influence in communities through initiatives driven by a clear purpose.

For further information on Multichoice Group’s most recent ESG report and their continuous endeavors in enhancing lives, please visit [link to ESG report or company website].

#ESGReport #EnrichingLives

 

July 05, 2024