Bidvest Group Ltd. 2020 IR
The report highlights Bidvest's performance and strategic progress during the 2020 fiscal year, which was heavily impacted by the COVID-19 pandemic. Despite these challenges, the company demonstrated strong financial resilience, generating R9.2 billion in cash from operations and completing its largest-ever acquisition of PHS Group in the UK. Bidvest also focused on responsible stewardship, establishing a R400 million COVID-19 Fund to support furloughed employees and investing R360 million in skills development. Non-financially, the Group achieved a 26% increase in renewable electricity use and recycled 200,000 tons of waste, while advancing its commitment to diversity with 45% female representation on its board.
Company: Bidvest Group Ltd.
Sector: Wholesale & retail
Country: South Africa
Year: 2020
Type: IR
Pages: 74
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Bidvest Group Ltd.
Integrated Report
The report highlights Bidvest's performance and strategic progress during the 2020 fiscal year, which was heavily impacted by the COVID-19 pandemic. Despite these challenges, the company demonstrated strong financial resilience, generating R9.2 billion in cash from operations and completing its largest-ever acquisition of PHS Group in the UK. Bidvest also focused on responsible stewardship, establishing a R400 million COVID-19 Fund to support furloughed employees and investing R360 million in skills development. Non-financially, the Group achieved a 26% increase in renewable electricity use and recycled 200,000 tons of waste, while advancing its commitment to diversity with 45% female representation on its board.
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Document Details
Report Year
2020
Reporting Period
Jul 1, 2019 - Jun 30, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees