Creating value through the six capitals
Our definition of ‘value creation’
Value creation happens through our interactions and relationships with our stakeholders; and within the commercial and developmental contexts within which we operate, on which we depend, and which we in turn impact. We create value from tangible assets, such as our monetary assets, infrastructure, technology, property and natural resources. We also create value from our intangible assets, such as our brand reputation, our institutional knowledge, relationships, strategies and methodologies. Our operations are invariably located in and around resources shared by other stakeholders – such as land, oceans, water sources and public-use areas – and we acknowledge the need for transparency and accountability in our sharing of these common resources.
Through our integrated reporting, we aim to share how we connect to and use these tangible and intangible assets to create and preserve the value we create for Transnet and for others. A measure of the maturity of our integrated thinking – as decision-makers and employees – is our ability to define both the upsides and downsides of our choices; stated differently, the degree to which we can fully comprehend and articulate the ‘trade-offs’ in our decisions. As we accelerate into the 4th Industrial Revolution, new measures of value will emerge, which will require us to reimagine our business – and along with it, the future value-creation story we want to tell.