Momentum Metropolitan Holdings has been classified by the JSE as having an overall low environmental impact.
Momentum Metropolitan has a sustainability policy which is available in the sustainability section of the Momentum Metropolitan Holdings website. Ultimate responsibility for environmental management lies with the Social, Ethics and Transformation Committee of the board (SETC). Quarterly reports are submitted to the SETC. No environmental-related fines were received in the period under review.
Momentum Metropolitan Holdings participates in the CDP process annually. CDP is the global disclosure system for companies to disclose their carbon emissions. In this we disclose the risks and opportunities we face in terms of climate change, as well as provide details on our carbon footprint and trend data relating to our carbon footprint, year-on-year. For full details please see the publicly available Momentum Metropolitan Holdings submission on the CDP website.
Momentum Metropolitan Holdings has achieved a CDP rating of B. Momentum Metropolitan was rated against the industry, the region and the CDP programme and scored highly against these benchmarks.
Although classified by the JSE as having an overall low environmental impact, the group’s largest contributor to Momentum Metropolitan’s carbon footprint is electricity, at 72%. The group had committed to a 12% usage reduction in carbon emissions by 2020. Momentum Metropolitan Holdings’ baseline year is the financial period 1 July 2013 to 30 June 2014. Momentum Metropolitan achieved this target during the period 1 January to 31 December 2017, thus Momentum Metropolitan have set a new target of 25% reduction by 2030. The reduction in emissions is monitored on an annual basis to ensure that we achieve our 25% target by 2030.
The Momentum Metropolitan Holdings carbon footprint is verified by an external carbon emissions verification agency on an annual basis.
| Momentum Metropolitan Holdings Carbon footprint: | 1 January to 31 December 2018: Total metric tons CO2e |
FYE 2014: Total metric tons CO2e |
Change from FYE 2014 to 2017 |
|---|---|---|---|
| Scope 1 | 2 757 | 1 444 | 10% |
| Scope 2 | 45 745 | 58 209 | -19% |
| Intensity measures | |||
| Total number of employees included | 16 935 | 17 422 | -1% |
| Total emissions per employee | 2,86 | 3,42 | -18% |
During 2018, MMI changed their carbon footprint reporting period from financial year July to June to align to the Department of Environmental Affairs reporting period which is January to December.
Click here for further details for further information on the CDP programme.
Climate related issues are overseen by the Board Risk and Compliance Committee; and Social, Ethics and Transformation Committee report to the Momentum Metropolitan Holdings Limited Board. The Momentum Metropolitan Holdings Ltd., Board is ultimately responsible for the end-to-end process of risk management, as well as for the assessment of its effectiveness.
Learn more about our environmental policy
In South Africa, renewable energy is not readily available, hence Momentum Metropolitan does not purchase any energy that is derived from renewable energy sources. All energy consumed is from the grid (100%).
Energy efficiency initiatives are implemented in new and refurbished buildings.
Climate change risks and opportunities are integrated into the multi-disciplinary company-wide risk management processes. We include climate change risks and opportunities in the Momentum Metropolitan CDP submission. The following risk areas are assessed and included in the CDP submission (please refer to the CDP website for additional information):