ECIC AR 2024 9TH

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

Integrated Report 2024

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

ECIC Value Creation Process

Key Performance Indicator  Score: Level 2 (2023: Level 1) Engagement  Score: 70% (2022: 67%) Employee engagement is measured every two years) • Maintain B-BBEE • Employee

Inputs

Outputs

Risks

Outcomes

• Socio-

• Bursaries offered for  South African Actuaries Development Programme and Upliftment Fund Bursaries: R4,6 million (2023: R4,6 million) • Allocated to EME service  providers – NIL (2023: R2,8 million)  oriented SMMEs - NIL (2023: R1,4 million) • Approved ESG Reporting Framework • Number of black-owned fund managers: 5 (2023: 5) • Number of black • Allocated to export woman-owned fund managers: 1 (2023: 1) allocated to  black-owned fund managers: R1,7 billion (2023: R2 billion) allocated to  black woman owned fund managers: R204 • Total funds • Total funds Thuthuka Education

• Competition • Damage to reputation / brand • Negative social

• Increased brand awareness • Transformation and capacity building • Protection from reputational damage • Positive impact on skills shortage and job creation • Relationship with key stakeholders improved • Long-term sustainability • Evolving business model to meet stakeholder needs



Economic

Development: R3,3 million (2023: R6,7 million) R494 million  (2023: R99 million) • Monitoring of projects’ Environmental and Social Management Plans • Implementation of Transformation Strategies • Tax paid:

impacts that are linked to insured projects

Social and relationship capital

million (2023: R242 million)

YOUR EXPORT RISK PARTNER

55