Our journey to wellness...About this report
City Lodge Hotel Group (“CLHG” or the “group”) aims to provide its stakeholders with an engaging and concise integrated report that details how its identity, strategy, performance, governance, and prospects have, and will continue to, create value for its stakeholders in the short, medium, and long-term. The group has endeavoured to report about its financial position, its sources of capital, its board of directors (“board”) and committees, and its sustainability objectives and achievements, in a transparent, holistic, and integrated manner to assist its stakeholders in making informed decisions about their respective shareholdings.
Our reporting covers the group’s 59 hotels, situated across southern Africa, namely in South Africa, as well as Botswana, Mozambique and Namibia and includes four hotel brands: Courtyard Hotel, City Lodge Hotel, Town Lodge, and Road Lodge.
MATERIALITY
The group's Environmental, Sustainability and Governance (ESG) Reporting journey continues, with our progress being scrutinised by ratings agencies tasked with providing a gap analysis. The feedback received is invaluable to us and we have prioritised its expert interpretation and strategic implementation.
As such, CLHG has taken guidance on their approach to materiality in preparation for this year's integrated report and have considered the requirements of, and principles behind, the various initiatives run internationally and locally with the shared goal of developing a consolidated sustainability disclosure matrix. As CLHG's stakeholders are so diverse, we have committed in the long-term to adopting globally recognised approaches to materiality in assessing our financial value as a company, and our impact on the citizens, the environment, and the economy of South Africa.
In this spirit, this report is guided by, inter alia, the following legislation and best practice protocols:
- The Listings Requirements of the Johannesburg Stock Exchange ("JSE")(the "Listings Requirements");
- The JSE Sustainability Disclosure Guidelines;
- The Companies Act, 71 of 2008 (as amended) (the "Companies Act");
- The King IV Report on Corporate Governance, 2016 ("King IV™");
- The International Financial Reporting Standards ("IFRS"); and The Value Reporting Foundation’s International <Integrated Reporting> Framework (the “<IR> Framework”).
To the same end, we are committed to improving our integrated report every year and would value any feedback or suggestions from readers. Please do not hesitate to reach out with any comments or suggestions to Dhanisha Nathoo at DNathoo@clhg.com.
REPORTING PROCESS
PREPARING THE REPORT CONTENT
The content is developed in consultation with our stakeholders and supported by input from reporting specialists. Group executive and board members contribute to the content and we are guided by the International Framework and other reporting frameworks/codes.
ENSURING THE INTEGRITY OF THE REPORT
Validity of the content in our report is ensured through following a coordinated/combined assurance process. Governing oversight at board and executive level ensure the reporting content is credible and authentic.
APPROVAL OF THE REPORT
Approval is based on sign-off from the executive and final approval of the board.
FORWARD-LOOKING STATEMENTS
This report may contain certain forward-looking statements, other than statements of present or historical fact, which cannot be construed as reported financial results. Investors are cautioned not to place undue reliance on any forward-looking statements contained herein, as they have not been reviewed or reported on by the group's external auditors. Such statements may include predictions of or indicate future earnings, objectives, savings, events, trends, or plans based on current expectations, forecasts, and assumptions. As with any forward-looking statement, prediction or forecast, there are inherently unexpected events which could cause uncertainty and unexpected change which have not and could not have been accounted for. Although the group has made every effort to exactly and reasonably ensure the accuracy and completeness of the information contained within this report, any forward-looking statements are valid only as at the date that they are made; the actual results may vary materially from those expressed or implied; and the group undertakes no obligation, nor does it intend, to publicly update or alter these or to release revisions after the date of publication of this report.
STATEMENT BY THE BOARD OF DIRECTORS
The board acknowledges its responsibility to ensure this report's information integrity, completeness as well as the report's preparation in accordance with the
Andrew Widegger
Chief executive officer
Bulelani Ngcuka
Non-executive chairman
NAVIGATING THIS REPORT
Link to information further on in the report.
Our strategy icons
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Brand identity |
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Information technology |
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Transformation |
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Financial sustainability |
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Environmental responsibility |
