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# Sustainability

* Overview
* Fashion That Connects
* Fashion That Shares
* Fashion That Restores
* Transformation
* Our Impact
* Our Value Chain
* Governance & Policies
* ESG World Profile

Strategy

TFG Facts

Our Brands

The Social and Ethics Committee monitors business responsibilities and the Group's standing in terms of: [...] Promotion of equality, prevention of unfair discrimination and reduction of corruption. [...] Contribution to the development of communities in which TFG's activities are conducted, or within which our products are marketed. [...] Record of sponsorship, donations and charitable giving. [...] International Labour Organizational Protocol on decent work and working conditions. [...] Employment relationships and TFG's contribution towards employee educational development. [...] We contribute to the development and sustainability of the ecosystem in which we operate through projects, regulations and initiatives in each business segment. Sustainability policies, position statements and regulatory disclosures are available on our website: www.tfglimited.co.za [...] Zero tolerance: The Group has a zero-tolerance approach to fraud, corruption and other forms of crime or dishonesty.

The report focusses on our environmental, social and governance (ESG) performance for the financial year ended 31 March 2022, including significant events after year-end up to 29 July 2022. The report was approved by the Supervisory Board's Social and Ethics Committee on 29 July 2022. [...] ESG risks and opportunities are integrated into governance structures, processes, policies and frameworks. Our performance and internal reporting against the goals and KPIs for our sustainability pillars are reported to the Supervisory Board's Social and Ethics Committee. [...] The Social and Ethics Committee is, inter alia, responsible for assisting the Supervisory Board with the monitoring and reporting of social, ethical, transformational and sustainability practices that are consistent with good corporate citizenship and assisting the Group in discharging such business responsibilities. [...] As part of our governance structure in South Africa, we have four sustainability working committees with relevant representatives from the functional areas in the business. These committees track progress against targets and include: Localisation and job creation, People and communities, Environmental efficiency, Product stewardship and supply chain. [...] The Sustainability Forum operationalises the strategy, tracks performance against targets, coordinates Group projects and initiatives, and works with external stakeholders.

###### BOARD OVERSIGHT

As the highest decision-making body responsible for
the strategy, direction, leadership, governance and
performance of the Group, the TFG Supervisory Board
is ultimately accountable for all climate-related issues
that the Group faces.

Two Supervisory Board Committees, the Risk Committee
and the Social and Ethics Committee, inform the Supervisory
Board on strategic, existing and emerging climate-related
risks and opportunities and other climate-related matters
such as supply chain disruptions, Group climate impacts,
metrics and targets. The Audit Committee is tasked with input
and governance over all risks that could impact the Group's
financial results and financial reporting. This would extend to
climate-related financial risks and opportunities, if applicable.

The Risk Committee typically meets four times a year,
is chaired by an independent non-executive director and
includes both non-executive and executive members,
including the Chief Executive Officer (CEO) and the Chief
Financial Officer (CFO). In addition to being informed by the
CEO and CFO, the committee also invites the Head of Group
Assurance to all committee meetings. The Head of Group
Assurance is responsible for reporting on strategic, existing
and emerging risks identified by management, including
those relating to climate, across all markets in which the
Group operates.

The Social and Ethics Committee typically meets twice
a year, is chaired by an independent non-executive director
and includes the CEO as a member. The CFO attends
meetings as an invitee. The Head of Group Sustainability
is also invited to all meetings and reports on climate-related
performance, including the Group's carbon footprint and all
climate-related reporting requirements (such as the TCFD),
metrics and targets across the Group.

The Audit Committee typically meets three times a year
and is chaired by an independent non-executive director.
The CEO, the CFO, the Head of Group Assurance, the Head
of Internal Audit, the Company Secretary and the partner
and senior members of the external auditors' team attended
meetings of the committee by way of standing invitations.

An Environmental Policy has been developed during the
year under review and this policy is currently being reviewed
by senior management. It is expected that this policy will be
approved by the Social and Ethics Committee during the
2024 financial year.

###### MANAGEMENT'S ROLE IN ASSESSING AND MANAGING CLIMATE-RELATED ISSUES

The Group's strategy formulation and the day-to-day
management of all aspects of the operations of the retail
trading and service divisions of TFG are the responsibility of
the Operating Board. The CEO, in his dual role as Chief Risk
Officer, holds overall executive responsibility for sustainability,
which includes the risks associated with and the impact of
climate change, and he is informed on climate-related issues,
as they affect the Group, through the Governance Risk
Committee and the Group Sustainability Forum. The CEO is
responsible for reporting on significant climate-related issues
to the Supervisory Board.

The Governance Risk Committee meets five times per
year and comprises the CEO, CFO and the Head of Group
Assurance. It is tasked with reviewing all existing and
emerging risks within the Group and across all markets,
including risks associated with climate change. The Head
of Group Assurance and Group Enterprise Risk function
holds regular risk-related working committee meetings in
which climate risk is a set agenda item, and meets regularly
with all Operating Board executives and REXCO (the Retail
E ti C itt )

Identified climate risks, as per the climate risk assessment
process described below, are included in the TFG enterprise
risk management register and a crisis management/incident
logging tool is being developed to raise awareness among
all executives on events of concern to the Group, including
those relating to climate issues. Prioritisation of climate
risks, either against other Group risks or against other
climate-related risks, is based on actual and perceived
risk in accordance with the Group's approved methodology.
Mitigations for risks are identified against each risk, and
the remaining residual risk is assessed according to defined
criteria. The risks with the highest exposure for the Group
are presented to the Operating Board for review. The
outcome of the review is submitted to the Risk Committee
and ultimately to the Supervisory Board for approval. This
process is facilitated by the Group Enterprise Risk function.

The CEO is informed on additional climate-related issues,
such as TFG's emission trends, climate initiatives within
the organisation, special projects (e.g. energy efficiency
initiatives), metrics, targets and carbon pricing impacts
through the Group Sustainability Forum, which is led by
the Group Head of Sustainability. This forum meets on
a quarterly basis and consists of senior management
responsible for the Group's sustainability objectives,
which are:

- Fashion that connects people and their passion

- Fashion that shares the benefit of enterprise

- Fashion that restores our relationship with nature

In the 2023 financial year, a detailed exercise to further
identify and evaluate the material risks and opportunities
of climate change across different time periods and a
singular scenario has been undertaken (refer to Strategy
section). This process was run jointly by the Sustainability
and ERM teams.

The Social and Ethics Committee is a statutory committee of the Supervisory Board with duties assigned to it in terms of the Companies Act 71 of 2008, read with Regulation 43 of the Companies Regulations, 2011 and as a committee of the Supervisory Board in respect of all other duties assigned to it by the Board. The Social and Ethics Committee is, inter alia, responsible for assisting the Supervisory Board with the monitoring and reporting of social, ethical, transformational and sustainability practices that are consistent with good corporate citizenship, and assisting the Group in discharging such business responsibilities. The committee is governed by a formal charter, which guides it in terms of objectives, authority and responsibilities. The charter incorporates the requirements of the Companies Act of South Africa and those of the King Report on Corporate Governance[TM] for South Africa, 2016 (King IV). The committee comprises three independent non-executive directors and one executive director, the Chief Executive Officer. In addition, the Chief Financial Officer and other TFG executives attend meetings of the committee by invitation. A Sustainability Committee operationalises the strategy, tracks performance against targets, coordinates Group projects and initiatives, and works with external stakeholders. Each pillar of the sustainability strategy has its own working committee with relevant representatives from the functional areas in the business. These committees track progress against targets and include: - People and Communities Committee - Green Committee - Merchant sustainability forum - Localisation and job creation Committee We also have a dedicated task force to tracks elements of the B-BBEE scorecard and the progress against these. Over time we are working to disaggregate and operationalise these individual metrics into work plans of the other four sustainability pillars to ensure a fully integrative approach. [...] The Social and Ethics Committee's role and responsibilities include reviewing, monitoring and reporting on TFG's activities with regard to any relevant legislation, other legal requirement, or prevailing best practice in terms of social and economic development. This includes TFG's standing in terms of the goals and purposes of: - The 10 principles set out in the United Nations Global Compact (UNGC) - The Organisation for Economic Co-operation and Development (OECD) recommendations regarding corruption - The Employment Equity Act - The Broad-Based Black Economic Empowerment Act It reviews and monitors good corporate citizenship, including TFG's: - Promotion of equality, prevention of unfair discrimination and reduction of corruption - Contribution to the development of communities in which its activities are conducted, or within which its products are marketed - Record of sponsorship, donations and charitable giving Further responsibilities relate to labour and employment, including: - TFG's standing in terms of International Labour Organizational Protocol on decent work and working conditions - TFG's employment relationships and its contribution towards the educational development of its employees

The Social and Ethics Committee is a statutory committee of the Supervisory Board with duties assigned to it in terms of the Companies Act 71 of 2008, read with Regulation 43 of the Companies Regulations, 2011 and as a committee of the Supervisory Board in respect of all other duties assigned to it by the Board. The Social and Ethics Committee is, inter alia, responsible for assisting the Supervisory Board with the monitoring and reporting of social, ethical, transformational and sustainability practices that are consistent with good corporate citizenship, and assisting the Group in discharging such business responsibilities. The committee is governed by a formal charter, which guides it in terms of objectives, authority and responsibilities. The charter incorporates the requirements of the Companies Act of South Africa and those of the King Report on Corporate Governance[TM] for South Africa, 2016 (King IV). The committee comprises three independent non-executive directors and one executive director, the Chief Executive Officer. In addition, the Chief Financial Officer and other TFG executives attend meetings of the committee by invitation. A Sustainability Committee operationalises the strategy, tracks performance against targets, coordinates Group projects and initiatives, and works with external stakeholders. Each pillar of the sustainability strategy has its own working committee with relevant representatives from the functional areas in the business. These committees track progress against targets and include: - People and Communities Committee - Green Committee - Merchant sustainability forum - Localisation and job creation Committee We also have a dedicated task force to tracks elements of the B-BBEE scorecard and the progress against these. Over time we are working to disaggregate and operationalise these individual metrics into work plans of the other four sustainability pillars to ensure a fully integrative approach. [...] The Social and Ethics Committee's role and responsibilities include reviewing, monitoring and reporting on TFG's activities with regard to any relevant legislation, other legal requirement, or prevailing best practice in terms of social and economic development. This includes TFG's standing in terms of the goals and purposes of: - The 10 principles set out in the United Nations Global Compact (UNGC) - The Organisation for Economic Co-operation and Development (OECD) recommendations regarding corruption - The Employment Equity Act - The Broad-Based Black Economic Empowerment Act It reviews and monitors good corporate citizenship, including TFG's: - Promotion of equality, prevention of unfair discrimination and reduction of corruption - Contribution to the development of communities in which its activities are conducted, or within which its products are marketed - Record of sponsorship, donations and charitable giving Further responsibilities relate to labour and employment, including: - TFG's standing in terms of International Labour Organizational Protocol on decent work and working conditions - TFG's employment relationships and its contribution towards the educational development of its employees

###### BOARD OVERSIGHT

As the highest decision-making body responsible for
the strategy, direction, leadership, governance and
performance of the Group, the TFG Supervisory Board
is ultimately accountable for all climate-related issues
that the Group faces.

Two Supervisory Board Committees, the Risk Committee
and the Social and Ethics Committee, inform the Supervisory
Board on strategic, existing and emerging climate-related
risks and opportunities and other climate-related matters
such as supply chain disruptions, Group climate impacts,
metrics and targets. The Audit Committee is tasked with input
and governance over all risks that could impact the Group's
financial results and financial reporting. This would extend to
climate-related financial risks and opportunities, if applicable.

The Risk Committee typically meets four times a year,
is chaired by an independent non-executive director and
includes both non-executive and executive members,
including the Chief Executive Officer (CEO) and the Chief
Financial Officer (CFO). In addition to being informed by the
CEO and CFO, the committee also invites the Head of Group
Assurance to all committee meetings. The Head of Group
Assurance is responsible for reporting on strategic, existing
and emerging risks identified by management, including
those relating to climate, across all markets in which the
Group operates.

The Social and Ethics Committee typically meets twice
a year, is chaired by an independent non-executive director
and includes the CEO as a member. The CFO attends
meetings as an invitee. The Head of Group Sustainability
is also invited to all meetings and reports on climate-related
performance, including the Group's carbon footprint and all
climate-related reporting requirements (such as the TCFD),
metrics and targets across the Group.

The Audit Committee typically meets three times a year
and is chaired by an independent non-executive director.
The CEO, the CFO, the Head of Group Assurance, the Head
of Internal Audit, the Company Secretary and the partner
and senior members of the external auditors' team attended
meetings of the committee by way of standing invitations.

An Environmental Policy has been developed during the
year under review and this policy is currently being reviewed
by senior management. It is expected that this policy will be
approved by the Social and Ethics Committee during the
2024 financial year.

###### MANAGEMENT'S ROLE IN ASSESSING AND MANAGING CLIMATE-RELATED ISSUES

The Group's strategy formulation and the day-to-day
management of all aspects of the operations of the retail
trading and service divisions of TFG are the responsibility of
the Operating Board. The CEO, in his dual role as Chief Risk
Officer, holds overall executive responsibility for sustainability,
which includes the risks associated with and the impact of
climate change, and he is informed on climate-related issues,
as they affect the Group, through the Governance Risk
Committee and the Group Sustainability Forum. The CEO is
responsible for reporting on significant climate-related issues
to the Supervisory Board.

The Governance Risk Committee meets five times per
year and comprises the CEO, CFO and the Head of Group
Assurance. It is tasked with reviewing all existing and
emerging risks within the Group and across all markets,
including risks associated with climate change. The Head
of Group Assurance and Group Enterprise Risk function
holds regular risk-related working committee meetings in
which climate risk is a set agenda item, and meets regularly
with all Operating Board executives and REXCO (the Retail
E ti C itt )

Identified climate risks, as per the climate risk assessment
process described below, are included in the TFG enterprise
risk management register and a crisis management/incident
logging tool is being developed to raise awareness among
all executives on events of concern to the Group, including
those relating to climate issues. Prioritisation of climate
risks, either against other Group risks or against other
climate-related risks, is based on actual and perceived
risk in accordance with the Group's approved methodology.
Mitigations for risks are identified against each risk, and
the remaining residual risk is assessed according to defined
criteria. The risks with the highest exposure for the Group
are presented to the Operating Board for review. The
outcome of the review is submitted to the Risk Committee
and ultimately to the Supervisory Board for approval. This
process is facilitated by the Group Enterprise Risk function.

The CEO is informed on additional climate-related issues,
such as TFG's emission trends, climate initiatives within
the organisation, special projects (e.g. energy efficiency
initiatives), metrics, targets and carbon pricing impacts
through the Group Sustainability Forum, which is led by
the Group Head of Sustainability. This forum meets on
a quarterly basis and consists of senior management
responsible for the Group's sustainability objectives,
which are:

- Fashion that connects people and their passion

- Fashion that shares the benefit of enterprise

- Fashion that restores our relationship with nature

In the 2023 financial year, a detailed exercise to further
identify and evaluate the material risks and opportunities
of climate change across different time periods and a
singular scenario has been undertaken (refer to Strategy
section). This process was run jointly by the Sustainability
and ERM teams.

The Social and Ethics Committee monitors business responsibilities and the Group's standing in terms of: [...] Promotion of equality, prevention of unfair discrimination and reduction of corruption. [...] Contribution to the development of communities in which TFG's activities are conducted, or within which our products are marketed. [...] Record of sponsorship, donations and charitable giving. [...] International Labour Organizational Protocol on decent work and working conditions. [...] Employment relationships and TFG's contribution towards employee educational development. [...] We contribute to the development and sustainability of the ecosystem in which we operate through projects, regulations and initiatives in each business segment. Sustainability policies, position statements and regulatory disclosures are available on our website: www.tfglimited.co.za [...] Zero tolerance: The Group has a zero-tolerance approach to fraud, corruption and other forms of crime or dishonesty.

Governments across our three main territories, South Africa, United Kingdom and Australia, require businesses to participate in growing the economy through job creation and by complying with all applicable regulatory requirements. We engage with governments through business and industry associations such as Business Leadership South Africa and the National Clothing Retail Federation of South Africa, employer organisations outside of South Africa and the Australian Retail Association. We provide verbal and written submissions on proposed legislative changes (both in South Africa and outside of South Africa) and attend industry-relevant meetings at Parliament in South Africa. [...] The Social and Ethics Committee, through its governance and oversight role, ensures that an appropriate transformation strategy exists and that it is aligned with B-BBEE and the associated codes of good practice. The transformation strategy is reviewed yearly, and clear guidelines are defined for each of the five pillars of the B-BBEE scorecard. We engage with our biggest international suppliers at a Supervisory Board level to find a solution to non compliance with the B-BBEE regulations. This engagement is ongoing and remains a strategic focus area.

TFG submits comments and lobbies on proposed changes to regulations. Active monitoring of environmental legislation.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]TFG maintains constructive relationships with key government departments, closely monitors policy developments and where applicable submits comments on new legislation through industry representative bodies.

We engage with government through business and industry associations such as Business Unity South Africa (BUSA) and the National Clothing Retail Federation of South Africa, employer organisations outside of South Africa and the Australian Retail Association. We provide verbal and written submissions on proposed legislative changes (both in South Africa and outside of South Africa) and attend industry-relevant meetings at Parliament in South Africa.

TFG representatives engage and meet on a regular basis with their associations and industry bodies to debate and give recommendations on various topics to ensure sustainability in their business models. Feedback on issues is reported as per TFG's Enterprise Risk Management framework.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years